Author: Yehor/y0110y
If you want to build a strong and sustainable mentality while using blockchain, you should understand that no one is here to protect you literally. Only your knowledge, perseverance and attentiveness are the best companions.
Even if it’s quite hard and embarrassing to interact with a huge amount of different chains and protocols, rather calm down than stay irritated. Open your eyes and follow the most reliable instructions.
The headline “On the line of creativity and defense” represents the text below, which describes how to use modern decentralized infrastructure correctly, how to maintain your assets safely and why you will never be 100% secured.
Here are the links for cross-reading before dive-in:
Skelet of a Paper!
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Preface! Look at it first!
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OSINT
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Wallet management
Preface! Look at it first!
Imagine you have significant amount on your exchange spot. Have you ever asked yourself, is this team legit or not? I think you already saw aftermath of FTX case. There will be no complete transparency, even if it’s the best or most famous one.
Yaaahhh, it’s difficult to admit. But self-custody(non-custody) winning this game. Like in real world, if the individual takes responsibility for his actions, no one can judge him and say about his mistakes.
So if you lost, you did badly, not a guy who stole it from you. Sound hilarious, and I don’t protect criminals. Anyway, be strong and accept this fact.
That’s what I called a Preface strategy. Become an observer, think and then move.
When you will start to follow these simple steps, you automatically decrease chances of output false ><
OSINT.
Knowing the story of the project = knowing possible future gaps. No need in becoming the best research/security dude with tons of different resources&tools, but understanding basics is a necessity.
Check whitepapers, social media, audits, architecture and community in common. Your assets should be smart as their owner.
Build strategies, like how to take money back in emergency case, where store them and how stay private.
Analyse transactions, whale’s history. Follow genesis smart-contract deployers(Sometimes it can help with scams, rug pulls and trustless team prevention)
All of this makes you financial on-chain imperior.
*Web3 still user-unfriendly, that’s why skillset stays on top*
Materials and Tutors:
Tools:
Wallet Management.
How did they find my private keys? I signed a message in my Metamask, and tokens were gone after that :(
I personally bet that you heard these “quotes” in your circle or from guys in public forums/chats.
Unfortunately, this type of hacks became obvious, but Metamask tries to figure it out.
After that implementation, you can see malicious URLs in sign window. In other words, only you are responsible now. Here I showed just a little example of what tools mean and how they important for an average on-chain user…
So let’s start from choosing a wallet:
There are a lot of them, however, we are talking about asset management more. It depends on what you prefer.
Recommendations:
Gnosis Safe - one of the most trustful wallets in the industry(With clients like Buterin, 1nch, Maker DAO, etc.)
Ledger - hardware wallet, with huge base of users and teams.
Argent - no seed phrase, zk-based + supported by Account Abstraction/EIP4337.
And for those who love exchanges, Binance and Bybit custody seems okay.
And second part - Security Tools:
Thanks to AI and ML. We have nice products and technologies on the market because of them. Make yourself better with these hack-mitigation wallet tools:
Endless end.
Regards to you, my dear cyber friend. I appreciated that you did it! We with Rektoff wish you all the best. Keep working on your skills and please… don’t be shy to reach out :)
See ya at the second part!
