Web3 is a fast-growing, but hotly debated, tech movement. Web3 proponents widely reject the centralized control of Big Tech and coalesce around a vision for decentralization -- specifically, an internet that uses blockchain-based architectures to distribute power and grants end users greater control, stake and economic benefit.
Tech builders and businesses must take a proactive approach to security when evaluating Web3's potential. Blockchains and cryptocurrencies have been the subjects of growing security concerns, from traditional issues of social engineering, insider exploits and faulty implementations to an emerging class of Web3-native exploits across decentralized applications, exchanges and wallets.
Attacks in the blockchain space are often more damaging than traditional applications. These events are often irreversible and contingent on smart contracts, which, if exploited, cascade across the network rather than a single node.
Security leaders can help mitigate the risks by following these Web3 security best practices for risk mitigation.
Continue reading: https://www.techtarget.com/searchsecurity/tip/7-best-practices-for-Web3-security-risk-mitigation
Tech builders and businesses must take a proactive approach to security when evaluating Web3's potential. Blockchains and cryptocurrencies have been the subjects of growing security concerns, from traditional issues of social engineering, insider exploits and faulty implementations to an emerging class of Web3-native exploits across decentralized applications, exchanges and wallets.
Attacks in the blockchain space are often more damaging than traditional applications. These events are often irreversible and contingent on smart contracts, which, if exploited, cascade across the network rather than a single node.
Security leaders can help mitigate the risks by following these Web3 security best practices for risk mitigation.
Continue reading: https://www.techtarget.com/searchsecurity/tip/7-best-practices-for-Web3-security-risk-mitigation
