Web3 Security 101 (2024 re-share)

Keys, Hot vs Cold wallets, Hardware wallets, Multi-sigs, Signing safely

TLDR:

• Wallets hold keys, not coins or tokens - “not your keys, not your coins”

• Hot wallet’s keys can be accessed through the internet, cold wallet’s keys cannot

• Hardware wallets provide the best protection vs usability trade-off available today

• Multi-sigs can be used as vaults for large values of slow moving assets

• Careful signing transactions, use something like Pocket Universe to understand what you are signing

I’m still deep within my travels, so this week I wanted to re-share a post I wrote last year in February 2023 on Web3 Security that’s just as relevant today as when I wrote it originally.

Web3 unfortunately is full of scammers, and so learning how to keep your assets secure is incredibly important. This post explains the core basics of staying secure in the space, these basics are always worth reviewing regularly to avoid any potentially costly mistakes.

If you’re someone who’s very comfortable in the space, then could I recommend sharing this post with a newcomer who’s still finding their footing so that they can avoid unnecessary losses!

Please click through below to be taken to the original post.