Exploring the world of Web3 without fear is possible. Discover the potential risks and how this tool can keep users safe. [AD]
The Web3 space has completely revolutionized online interactions, but it is still not completely risk-free. While underlying technologies such as blockchain bring more resilience, Web3 has inherited many security risks from Web2. Moreover, it also faces new forms of attack.With Web3 progressing at a fast pace, it is imperative to identify the risks associated with this new iteration of the internet.
Identity. Web3 offers users more control over their data thanks to features like user-controlled wallets, ID portability and data minimization. However, self-sovereign identity, pseudonymity and anonymity also bring downsides. Transparent public blockchains come with security and privacy tradeoffs. User experience, privacy, compliance and anonymity concerns arise due to the decentralized nature of Web3.
To date, the tool has already blacklisted over one million websites and identified tens of thousands of dangerous smart contracts.
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