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

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The latest episode of SlateCast, a CryptoSlate podcast covering some of the most exciting web3 projects, discussed the topic of security in Web3 and creating tools that help users stay safe when interacting with apps and applications in the world of Web3.

The speakers, Ricardo and the presenter, Akiba, talked about Ricardo’s company, Web3 Builders, and their mission to make Web3 safe for everyone. They discussed the importance of end-user security as a barrier to future crypto adoption. Ricardo explained that Web3 Builders is precisely focused on creating products that keep end users safe, specifically from scams.

Akiba then introduced TrustCheck, a B2C offering that is a free Chrome browser extension that can be used with any EIP 1193 compliant wallet. TrustCheck intercepts the transaction message when a user is interacting with any Web3 technology and runs an analysis on a series of checks to make sure there is no problem with the transaction. It also runs a simulation of the transaction to determine the outcome before the user completes it.

In the event that something does not work, the user is warned. If nothing is turned off, all checks that have been run are displayed to give the user more confidence when interacting and completing a transaction. The host also discussed improved usability and end-user security and the role of new and early-stage startups in the space. Ricardo believes that ease-of-use and end-user security are closely linked and that tools in the space can go a long way to helping users make sure they don’t get scammed. He also mentioned that there are other companies in the space working on scam protection and that it’s a good thing for the industry.

Akiba also raised a question about Trust Check’s role as a centralized entity that decides what’s OK and what’s not in terms of Web3 transactions. Ricardo explained that Trust Check does not label anything as a scam, but instead warns users to be careful and make sure they trust the website they are interacting with. He also mentioned that the company is evaluating the possibility of building a skin to integrate trust and security as a core feature and value proposition for its customers.

Overall, the podcast discussion highlighted the importance of security and protection in Web3 and the efforts of companies like Web3 Builders to provide tools that can help users navigate this new and complex world. The Trust Check extension is specifically a valuable tool for users who are looking to protect themselves from scams and ensure that their transactions are legitimate.

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

CryptoSlate does not endorse the products mentioned in this article or the supporting podcast. Please perform your own due diligence when interacting with any dApp or browser extension.

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