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Web3 Security Beginner's Guide to Avoiding Pitfalls | Risks of Fake Wallets and Private Seed Phrase Leakage

A paper jointly published by TeleportDAO and Eigen Labs explores the security and efficiency challenges faced by light nodes in proof-of-stake (PoS) blockchains and proposes a new solution. Through economic incentives, insured pre-security mechanisms and "programmable security", it aims to improve the security and efficiency of light nodes, which is of great significance to the development of cross-chain communication and blockchain technology.

In the fast-paced Web3 market, mergers and acquisitions may become key strategies, but they should be avoided if used solely for price manipulation or risk evasion. Mainnet mergers offer benefits such as enhanced competitiveness, talent retention, and increased value expansion. With the continuous growth in the number of blockchain projects, only a few mainnets will eventually gain market favor. It is expected that frequent mergers and acquisitions will address deficiencies and strengthen advantages.

Zero-knowledge proofs have the potential to create a more private and scalable blockchain ecosystem. However, many aspects of zero-knowledge are misunderstood or differ from commonly perceived implementations. This article analyzes ZKPs from two main perspectives: zero-knowledge and succinctness. When ZKPs and ZK rollups eventually mature technologically, they will certainly offer better solutions to address the blockchain trilemma.

This article will provide an in-depth analysis of the key role of fully homomorphic encryption (FHE) and zero-knowledge proof (ZKP) in improving the privacy of blockchain applications. It will also highlight the significance of the future development potential of these technologies in the realm of blockchain data privacy.

The essence of seedless wallets lies in trading off higher security for user login convenience. Correspondingly, partial custody or smart contract social recovery is needed to address the risk of key loss. This article introduces several implementation methods for achieving seedless functionality, including MPC wallets, smart contract wallets, and Unipass' MPC+ smart wallet hybrid solution. Although smart contract wallets cannot directly achieve seedless functionality, their social recovery mechanism provides security for low-security key storage, aligning more with the decentralized values of Web3.

The features of Lens Network include high scalability, censorship resistance, and low cost. The next-generation Lens Protocol will become a cross-chain hub. To lay a scalable foundation for the social space of the future, Lens has chosen the technologically sound and forward-looking zkSync's ZK Stack to develop the new generation of Lens. This leverages account abstraction to enable gas-free and signature-free transactions, supporting embedded wallets to provide a seamless user experience.

Market makers play a key role in maintaining liquidity in the market. They usually operate by simultaneously providing buy and sell quotes, buying from sellers and selling to buyers, creating a market environment where transactions are readily available. Market makers contribute significantly to reducing market volatility and transaction costs by providing large amounts of liquidity, ensuring efficient trading, increasing investor confidence, and making markets function more smoothly. Although there are regulatory loopholes and gray areas in market making in crypto markets, market makers still play an important role in the market.

With the increasing demand for tokens adhering to the Ethereum Request for Comments (ERC) standard 20, the rise of ERC-20 token development companies has driven the growth of the blockchain ecosystem.

The bull market is a time when narrative means everything to crypto projects. As the current market is in a growth phase, many projects are showing hundreds of multiples, but few hunters can understand the correlation between them.

This article introduces how cryptocurrency development offers various solutions to meet different needs. Custom token development offers complete control and customization options but requires careful planning and execution. Understanding these options can help businesses choose the cryptocurrency development solution that best meets their needs.

In the past two years, the development speed of ZK has far exceeded expectations. The two leading ZK Rollups, ZkSync, and Starknet, have made significant progress in performance and costs. This article explores Starknet's technical advantages in a straightforward manner and simplifies the explanation of the ZK proof process.

NEAR's approach to chain abstraction aims to simplify user interactions across different blockchains by creating a unified, seamless interface, thus abstracting away the underlying complexities. This article explores these challenges and highlights NEAR's solutions and core mechanisms. The introduction of chain abstraction represents a crucial step towards simplifying this environment, enhancing user experience by streamlining interactions across different blockchains.

RISC Zero is one of the leading zkVM developers and has recently launched Steel, a view call proving library based on Alloy. This brings a significant transformation in how developers interact with Ethereum L1 or other EVM chains. Utilizing zero-knowledge proofs and the RISC Zero zkVM, Steel enables developers to perform view calls and provably read and compute the state of Ethereum in a scalable, secure, and cost-effective manner.

PIVX is a DAO-run, open-source cryptocurrency focused on user financial data protection using advanced cryptographic protocols.