Cryptocurrency

The ongoing battle against scammers in the web3 – SlateCast #46

Hull Invest

Latest episodes of SlateCast crypto slate Involved in some of the most exciting web3 projects, our podcast covers the topic of Web3 safety and the creation of tools that help users be safe when interacting with apps and applications in the Web3 world. bottom.

Speaker Ricardo and host Akiva discussed Ricardo’s company. Web3 builder, and their mission to make Web3 safe for everyone. They discussed the importance of end-user security as a barrier to future encryption adoption. Ricardo explained that Web3 Builders is specifically focused on building products that protect his end users from fraud.

Next, Akiba introduces trust checkis a B2C offering that is a free Chrome browser extension for use with EIP 1193 compliant wallets. TrustCheck intercepts transaction messages as the user interacts with her Web3 technology and performs analysis with a series of checks to ensure the transaction is okay. It also runs simulations of transactions to determine outcomes before users complete transactions.

If something is turned off, the user will be warned. If nothing is turned off, it will show all the checks that have been performed, giving the user more peace of mind when working with and completing transactions. Moderators also discussed improving usability and end-user security, and the role of new and early-stage startups in this space. Ricardo believes that ease of use and end-user security go hand in hand and that tools in this area can get you there when it comes to keeping users from getting scammed. He also said there are other companies working in this area to combat fraud, which is good for the industry.

Akiba also asked about Trust Check’s role as a centralized entity that decides what is and isn’t acceptable for Web3 transactions. Ricardo explained that instead of classifying anything as fraud, Trust Check warns users to be careful and make sure they trust the website they are interacting with. . He also said the company is evaluating the possibility of building Mask to integrate trust and safety as core features and value propositions to its customers.

Overall, the podcast discussion highlights the importance of safety and security in Web3 and the efforts of companies like Web3 Builders to provide tools to help users navigate this new and complex world. Did. The Trust Check extension is a particularly valuable tool for users who want to protect themselves from fraud and ensure that their transactions are legitimate.

As the Web3 ecosystem continues to evolve, it’s important for businesses to stay on top of changing trends and adapt their tools accordingly to keep their users safe.

CryptoSlate does not endorse any products mentioned in this article or supporting podcasts. Please exercise caution when interacting with dApps and browser extensions.

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