In 2022, security received much attention in the crypto space. Over the past year, multiple public chains including Solana and BSC were attacked, incurring losses to users’ assets. At the same time, some centralized wallets failed to process withdrawal requests, and one typical example was FTX, a top CEX that misused user funds and eventually filed for bankruptcy. Asset security has become the top concern for all crypto users. Wallets are the most essential infrastructure for protecting crypt...

In 2022, security received much attention in the crypto space. Over the past year, multiple public chains including Solana and BSC were attacked, incurring losses to users’ assets. At the same time, some centralized wallets failed to process withdrawal requests, and one typical example was FTX, a top CEX that misused user funds and eventually filed for bankruptcy. Asset security has become the top concern for all crypto users. Wallets are the most essential infrastructure for protecting crypt...

From the fall of Luna in the first half of 2022 to the collapse of FTX at the end of the year, 2022 has been the year of the “black swan” for the crypto world. Despite the dark clouds over the crypto market, numerous developers and long-term believers remain convinced that the bear market is not far from over. As the booming development of public chains boosts confidence among users, 2022 has also marked a turning point for those who participate in public chains.Terra: $20 billion TVL crumble...

From the fall of Luna in the first half of 2022 to the collapse of FTX at the end of the year, 2022 has been the year of the “black swan” for the crypto world. Despite the dark clouds over the crypto market, numerous developers and long-term believers remain convinced that the bear market is not far from over. As the booming development of public chains boosts confidence among users, 2022 has also marked a turning point for those who participate in public chains.Terra: $20 billion TVL crumble...

Since the Ethereum Name Service (ENS) sparked a domain craze in 2021, decentralized identity (DID) and domain names have become indispensable services on all public chains. After all, everyone has a wallet address in the Web3 world, yet it is quite hard to memorize a wallet address with lengthy characters. A decentralized domain name is a human-readable one used as a wallet address, such as example.eth, so crypto assets can be received through the domain. We shared some knowledge about domain...

Since the Ethereum Name Service (ENS) sparked a domain craze in 2021, decentralized identity (DID) and domain names have become indispensable services on all public chains. After all, everyone has a wallet address in the Web3 world, yet it is quite hard to memorize a wallet address with lengthy characters. A decentralized domain name is a human-readable one used as a wallet address, such as example.eth, so crypto assets can be received through the domain. We shared some knowledge about domain...

When using crypto products such as wallets and exchanges, protecting the security of your assets is the No.1 priority. In “ViaWallet Security Tips”, we will share some basic crypto know-how such as common scams, how to use crypto products safely, and blockchain security mechanisms from multiple perspectives to help you fully understand asset security and adopt enhanced protection measures. Arbitrage, a term from the financial industry, refers to the practice of taking advantage of a gap in pr...

When using crypto products such as wallets and exchanges, protecting the security of your assets is the No.1 priority. In “ViaWallet Security Tips”, we will share some basic crypto know-how such as common scams, how to use crypto products safely, and blockchain security mechanisms from multiple perspectives to help you fully understand asset security and adopt enhanced protection measures. Arbitrage, a term from the financial industry, refers to the practice of taking advantage of a gap in pr...

Three years ago, Facebook (now Meta) loudly announced a whitepaper for Libra, the company’s cryptocurrency project, which attracted worldwide attention. This also made Libra a key target of state regulators across the globe. Facing intensive regulatory scrutiny, Libra struggled as it sought growth and was renamed Diem just one year after its launch. However, the name did not bring any good luck to the project. Diem was eventually acquired by Silvergate, a US-based bank in 2022, and the projec...

Three years ago, Facebook (now Meta) loudly announced a whitepaper for Libra, the company’s cryptocurrency project, which attracted worldwide attention. This also made Libra a key target of state regulators across the globe. Facing intensive regulatory scrutiny, Libra struggled as it sought growth and was renamed Diem just one year after its launch. However, the name did not bring any good luck to the project. Diem was eventually acquired by Silvergate, a US-based bank in 2022, and the projec...

DeFi has been regarded as one of the biggest crypto innovations ever since its birth. According to DefiLlama, the Total Value Locked (TVL) of DeFi peaked at $180 billion in December 2021, and the figure is still well above $40 billion despite the current crypto bear. That said, as DeFi went viral, it has suffered frequent security scandals. In particular, the excessive authorization of contracts is the most frequently mentioned security risk. Users of NFT marketplace Opensea received phishing...

DeFi has been regarded as one of the biggest crypto innovations ever since its birth. According to DefiLlama, the Total Value Locked (TVL) of DeFi peaked at $180 billion in December 2021, and the figure is still well above $40 billion despite the current crypto bear. That said, as DeFi went viral, it has suffered frequent security scandals. In particular, the excessive authorization of contracts is the most frequently mentioned security risk. Users of NFT marketplace Opensea received phishing...

As the DeFi ecosystem grows increasingly popular since 2020, the performance of public chains has become the top concern among users and developers. Ethereum, the No.1 public chain in terms of user recognition and adoption, is often subject to network congestion and expensive gas fees when processing large transaction volumes, and many developers have been trying to make the network cheaper to use while improving its performance. This has triggered the appearance of many Layer 2 ecosystems, o...

As the DeFi ecosystem grows increasingly popular since 2020, the performance of public chains has become the top concern among users and developers. Ethereum, the No.1 public chain in terms of user recognition and adoption, is often subject to network congestion and expensive gas fees when processing large transaction volumes, and many developers have been trying to make the network cheaper to use while improving its performance. This has triggered the appearance of many Layer 2 ecosystems, o...

When using crypto products such as wallets and exchanges, protecting the security of your assets is the No.1 priority. In “ViaWallet Security Tips”, we will share some basic crypto know-how such as common scams, how to use crypto products safely, and blockchain security mechanisms from multiple perspectives to help you fully understand asset security and adopt enhanced protection measures.Today’s crypto scamIn the crypto market, people often say that whoever controls your private key owns you...

When using crypto products such as wallets and exchanges, protecting the security of your assets is the No.1 priority. In “ViaWallet Security Tips”, we will share some basic crypto know-how such as common scams, how to use crypto products safely, and blockchain security mechanisms from multiple perspectives to help you fully understand asset security and adopt enhanced protection measures.Today’s crypto scamIn the crypto market, people often say that whoever controls your private key owns you...

Transaction is the most common scenario in both real life and the crypto world. According to ViaWallet Explorer, there have been around 250,000 new Bitcoin transactions on a daily average. In addition, Etherscan.io revealed that the recent daily transaction volume of the Ethereum network stands at about 1 million, demonstrating the massive demand for cryptocurrency transactions. Transaction is the most common scenario in both real life and the crypto world. According to ViaWallet Explorer, th...

Transaction is the most common scenario in both real life and the crypto world. According to ViaWallet Explorer, there have been around 250,000 new Bitcoin transactions on a daily average. In addition, Etherscan.io revealed that the recent daily transaction volume of the Ethereum network stands at about 1 million, demonstrating the massive demand for cryptocurrency transactions. Transaction is the most common scenario in both real life and the crypto world. According to ViaWallet Explorer, th...

In the blockchain industry, consensus is an unavoidable topic. Let’s pause and think: how do computers agree with each other? How can we prevent individual nodes from doing evil? How can a blockchain make sure that the information being communicated is correct? All these concerns are addressed by the consensus mechanism of blockchains. Meanwhile, people have also been exploring more rational consensus mechanisms to solve the trust issues of decentralization.The history of consensus mechanisms...

In the blockchain industry, consensus is an unavoidable topic. Let’s pause and think: how do computers agree with each other? How can we prevent individual nodes from doing evil? How can a blockchain make sure that the information being communicated is correct? All these concerns are addressed by the consensus mechanism of blockchains. Meanwhile, people have also been exploring more rational consensus mechanisms to solve the trust issues of decentralization.The history of consensus mechanisms...

Not your keys, not your coins.Every crypto holder must be familiar with this quote. The recent run on FTX, a top crypto exchange, due to the revelation of fund misappropriation once again reminded us of the fact that “not your keys, not your coins.” To this day, a large number of users and institutions still cannot withdraw their funds on FTX. Although many people would advise you to enhance asset security by adopting a cold wallet, but is it the perfect solution to the problems of asset mana...

Not your keys, not your coins.Every crypto holder must be familiar with this quote. The recent run on FTX, a top crypto exchange, due to the revelation of fund misappropriation once again reminded us of the fact that “not your keys, not your coins.” To this day, a large number of users and institutions still cannot withdraw their funds on FTX. Although many people would advise you to enhance asset security by adopting a cold wallet, but is it the perfect solution to the problems of asset mana...

Recently, Solana suffered from a huge hack event where the SOL and SPL holdings of many users were drained without them noticing. Following the Solana hack, crypto adopters have started to worry about the security of their assets stored in crypto wallets. Today, we will walk you through this incident and show you how we can guard against such security risks.How the Solana hack happenedOn August 3, Magic Eden, a Solana-powered NFT marketplace, posted a warning on social media that “there seems...

Recently, Solana suffered from a huge hack event where the SOL and SPL holdings of many users were drained without them noticing. Following the Solana hack, crypto adopters have started to worry about the security of their assets stored in crypto wallets. Today, we will walk you through this incident and show you how we can guard against such security risks.How the Solana hack happenedOn August 3, Magic Eden, a Solana-powered NFT marketplace, posted a warning on social media that “there seems...