Introducing Wallet Guard: The Ultimate Solution to Web3 Security Challenges
Image created with Canva mobile app, Wallet Guard logo gotten from source
The emergence of Web3 in the ecosystem has brought about lots of opportunities and is at the forefront of innovation and growth. Web3 thrives on its many advantages especially its decentralised platforms which has removed the bottleneck bureaucracy of third parties in transactions, privacy concerns and data theft.
These opportunities presented has also created new challenging security issues which requires the need for trusted and capable security solutions to combat this challenges and keep the ecosystem safe and reaffirm its original purpose.
Over the years, as cryptocurrency and other digital assets became widespread, there have been countless security attacks and breaches which has led to huge losses of digital assets, money and other valuables. The rate of the security issues is now more alarming thus the need for a more trusted, efficient and robust security measure to combat this issues squarely.
I present to you, WALLET GUARD.
INTRODUCING WALLET GUARD: THE WEB3 KNIGHT ON GUARD
According to the official walletguard website,Wallet Guard is the most advanced security extension featuring transaction simulation, community protection and proactive phishing detection.
Let's consider the features offered by Wallet Guard to understand why they stand out as the best web3 security solution:
Proactive phishing detection:
One way scammers carry out their attacks is by cloning popular cryptocurrency websites like Metamask, OpenSea and creating fake websites and links to breech your security and then steal your private wallet informations, have access to your screen and get private vital information.
Over the years, many people have fallen victim to clicking such malicious links and opening fake websites which has led to a huge loss of assets.
Wallet Guard through its machine learning algorithm helps to detect fake websites by analysing its time of creation and other contents, Check impersonation attempts on popular websites and has records of known phishing scams.
Transaction simulation:
Imagine having a security measure that alerts you whenever a transaction maybe fraudulent, think of how this security measure would have saved people in time past from losing their valuable assets to scam links and transactions.
Well, look no further as Wallet Guard offers this security measure for no cost and even provides human readable transactions.
Community protection:
Wallet Guard is trusted by top Web3 companies like Metamask, OpenSea, Phantom, Blur and many others to detect attacks and give the best security measures.
Amazing, right? Are you wondering how to get started already?
Let's move on to the practical step by step guide on how to install the Wallet Guard extension on your browser. LFG!!
PRACTICAL STEP BY STEP GUIDE ON HOW TO INSTALL WALLET GUARD EXTENSION ON YOUR BROWSER
For this practical step guide, I'll be using Chrome browser to guide us through each step. Get your devices ready and follow each step.
- Step 1: Open your Chrome browser and open the official Wallet Guard website, click on the "add to browser - it's free" button.
- Step 2: The page will redirect to the chrome Web store browser page. Click on the "Add to Chrome" button and ensure it changes to "checking".
- step 3: After loading, a pop-up menu will show asking you to "add Wallet Guard: browse Web securely". Click on "Add extension" button and it should download a file to your device.
- Step 4: After the download is complete, the Wallet Guard extension should be added to your Chrome browser extension.
To check this, click on the extension button at the right side panel, search for Wallet Guard and then Pin the Wallet Guard extension to your browser. This will make it easily accessible.
- Step 5: Click on the Wallet Guard extension to open it, then click on "Get started" to access your dashboard. Then read through the information shown and click "Next" to move on and finally "LFG" to open your dashboard.
- Step 6: Browse through the Left side Navigation bar
Check your Dashboard to get updates on malicious links and websites while browsing.
The Alert History shows the total history of alerts gotten from Wallet Guard.
The Malicious Extension Detection scans your installed extensions on your browser and reports malicious extensions.
Check the Settings Menu and ensure that all the options are ON not OFF to enjoy better security measures.
Subscribe to the Wallet Guard Academy mailing list to get regular security measure updates.
All images used here are screenshot taken from the Wallet Guard website
IMPORTANT SECURITY ADVICE ON STORING SEED PHRASE AND DEVICE HYGIENE
It is very important to follow certain rules when dealing with storing your seed phrase and device hygiene.
- Don't take pictures of your seed phrase and store digitally. Security experts have warned that a lot of hacks and scam has happened through storing seed phrase for Wallets and accounts in a cloud storage, phone notepad or any other digital space.
They further advice that we store our seed phrase by writing them in a piece of paper and hiding them where we see fit.
For more security measure, one can decide to omit some of the phrases intentionally to prevent hacks or split the seed phrase into 2 or more papers and store in different places.
- Having an healthy device hygiene is important and this can be easily achieved by using some tools specifically made to prevent scams and fraudulent links.
Adblocker: adblocker automatically blocks ads and recently, most phishing links come from ads generated from different sites.
Check out Ublock originUse of brave browser
Revoke signatures: check out revoke.cash website to learn how to use it to prevent fraudulent transactions.
The amazing fact about Wallet Guard is that it offers all of the above qualities and much more. So, it is in your best interest to trust Wallet Guard to protect your digital assets.
Image from NFT_HUB discord server
A special Appreciation to Michael on twitter for taking out time from his busy schedule to teach us a lot about Wallet Guard and important security measures.
A big shout out to the organisers, lilsamzy on twitter and AI on twitter for arranging this awesome classes so far all for free.
I trust you've learned a lot about Wallet Guard and Web3 security measures.
Join the ongoing class and be a part of our Web3 community NFT_HUB
Follow me on twitter for more web3 updates here
WAGMI frens!!馃挴