Security

Security in Web3 refers to the set of methods and technologies designed to protect users, smart contracts, and decentralized systems from attacks and vulnerabilities. Unlike traditional cybersecurity, Web3 security focuses on private key protection, smart contract audits, and mechanisms to prevent scams and blockchain exploits. Key threats in Web3 include DeFi protocol hacks, consensus mechanism attacks, smart contract exploits, and phishing schemes targeting crypto assets. Security measures include cryptographic techniques, multi-factor authentication, decentralized identities (DID), and rigorous code audits to mitigate risks.