Celebrating multitudes of endeavors earned on the behalf of the ecosystem of crypto, MA Family, Bitscale Capital, Electric Capital, and Immunefi collaboratively conducted The Bug House (known as a party to bring together the community of the Web3 sector across the globe.
CEOs of Brave and Immunefi Discuss the Future Security Scenario in the Web3
Kristina Lucrezia Cornèr (the editor-in-chief at Immunefi), Mitchell Amador (the CEO and founder at Immunefi), as well as Brendan Eich (the CEO and founder at Brave browser) were part of the discussion on the Web3 sector’s evolution and its progress in the coming time. As per Eich, the enormity of the Web2 included in the Web3 world is the issue at present.
In the words of Amador, an opposition could be posed by the Web2-based websites in the case of utilizing reliable servers. He additionally referred to the EIP-5593 proposal which was recently proposed to target prevention of the cyberattacks. In the world of Web2, a common practice is to implement security features after the launch via antiviruses and patches which the Web3 apps can inherit with the utilization of such services.
Also read:Apart from that, the security-related apprehensions dealing with Web3 are witnessed because of centralization via the websites of decentralized applications (DApps). Amador specified that hackers in the Web3 space are dissimilar to those operating on We2. As he puts it, these hackers are of 2 types. He elaborated that the Web3-related hackers are young, normally younger than 35.
On the other hand, he added, the other type comprises tech-savvy older people. He asserted that these people have spent some years comprehending the Web3 sector with an ability to enter the systems. He brought to the front that they have witnessed many such guys taking into account the prominent ten hackers at present. He disclosed that they swarm the leaderboard with the expertise that they possess.
Executive Recommends Getting Knowledge from the Malicious Programming Sector
Eich supported this viewpoint and revealed that reentrancy attacks mounted during the bull-run epoch of the previous year. For the protection of the in-house wallets of cryptocurrency in its possession, HackerOne has been utilized by Brave. The platform has also enhanced the bug bounty for the elimination of apprehensions related to security. Eich highlighted that there is a requirement for collecting knowledge from the bad programming sector.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.