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Wallet Security

In: A Comprehensive Guide for Web3 Security

Author

Listed:
  • Carlo Parisi

    (Hacken)

  • Dyma Budorin

    (Hacken)

  • Ostap Khalavka

    (Hacken)

Abstract

This chapter delves into wallet security in the blockchain ecosystem, discussing the types of wallets, their underlying technologies, and their critical role in securing digital assets and facilitating transactions. It emphasizes the importance of wallet security, covering past wallet hacks, auditing significance, and various tools and methodologies for auditing. The chapter explains the different types of blockchain wallets, comparing them to traditional banking systems and distinguishing between custodial and non-custodial wallets. It explores the technical aspects of wallets, including public and private keys, key management, smart contract wallets, multisignature wallets, and attack vectors. In summary, this chapter offers valuable insights and practical advice on wallet security in the blockchain space, focusing on risk mitigation, user education, and proactive auditing. It highlights the significance of robust wallet security measures for the safety, integrity, and long-term success of the blockchain ecosystem.

Suggested Citation

Handle: RePEc:spr:fuobcp:978-3-031-39288-7_3
DOI: 10.1007/978-3-031-39288-7_3
as

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