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Buddy.tech, a decentralized social media platform working on Base’s Ethereum layer-2 chain, has been a major contributor to Base’s current progress. Base is a safe, low-cost, builder-friendly Ethereum layer-2 chain designed by Coinbase to convey the following billion customers on chain. It has grow to be a favourite for DApp builders and early traders because of its excellent efficiency and the revolutionary tasks it attracts.
Based on the newest knowledge, the platform has surpassed a million every day lively customers and has a complete worth locked (TVL) exceeding $35 million. The platform permits customers to purchase “shares” of different customers to talk with them, emphasizing the idea that “Your community is your internet value.”
Nonetheless, this speedy progress has additionally attracted cybersecurity threats, notably phishing assaults. These social engineering techniques have been a major concern within the Web3 sector, with losses already amounting to $650 million as of June 2023. Excessive-profile people like Mark Cuban and Vitalik Buterin have additionally fallen sufferer to such assaults. To mitigate these dangers, Buddy.tech strongly recommends its customers to make use of {hardware} wallets for enhanced asset safety.
In response to those safety challenges, CoolWallet, a {hardware} pockets maker that natively helps the Base ecosystem, has initiated a Web3 Guardian competitors. This marketing campaign goals to lift consciousness about its Web3 SmartScan function, which proactively screens all Web3 transactions and flags any malicious habits or sensible contract vulnerabilities. The SmartScan function is offered on the CoolWallet App and gives an added layer of safety in opposition to phishing makes an attempt.
To additional promote Web3 asset safety, CoolWallet is launching a world competitors with beneficiant rewards for collaborating customers. The competitors goals to boost consumer safety consciousness and encourage using SmartScan for safer transactions. This transfer is especially well timed, given the rising variety of phishing assaults concentrating on not simply particular person customers but in addition high-profile personalities within the crypto area.
The Web3 Guardian competitors is predicted to attract vital consideration, particularly amongst Buddy.tech customers who’re already involved about asset safety. The competitors is not going to solely supply rewards but in addition educate customers on the significance of transaction screening, a function that’s usually neglected however essential within the present panorama of frequent cyber assaults.
Picture supply: Shutterstock
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