BlockWallet x Lossless Partnership
BlockWallet has announced its latest partnership with Lossless that brings an extra layer of protection to their smart contracts and improves BlockWallet’s security.
Lossless has created the world’s first unrivaled exploit identification and mitigation tools designed to foolproof Web3 from hacks.
Through their shared mission toward user security, this partnership was a no-brainer. As they build BlockWallet, they’ll be integrating Lossless’s proactive Web3 protection against smart contract exploits — Aegis.
What does this mean for you?
BlockWallet becomes more secure. Whether you’re using privacy pools or swapping and staking your tokens (coming soon btw), you depend on smart contracts. And now, they’ll have the watchful eye of Aegis monitoring them, catching exploits before they do any damage.
Why Aegis?
Since Q1 2021, Lossless has analyzed 80+ hacks responsible for a total stolen value of $3.6 billion. And through their combined insight, they’ve narrowed it down to 3 major exploit patterns:
- Price Oracle Manipulations
- Private Key Hacks
- Bugs: Errors and loopholes in smart contracts
Aegis scans all mined block transactions, utilizing predictive analytics to monitor transaction patterns and identify suspicious addresses. With 24/7 security and an intuitive dashboard for our team, smart contract exploits can be prevented before they even happen.
About Lossless
Lossless is restoring trust in Web3 security. They add an additional layer of blockchain transaction security for ERC-20 standard tokens, protecting projects and their communities from malicious exploits and the associated financial loss and mitigating the financial impact of smart contract exploits and private key theft. They utilize community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions and provide real-time protection.
About BlockWallet
BlockWallet is a privacy-first self-custodial browser extension wallet where you can store, send or receive crypto and interact with your favorite blockchain apps privately.
As crypto sees mainstream adoption, blockchain’s lack of privacy often translates to security risks. BlockWallet is here to ensure that on-chain privacy does not lag behind. The wallet provides a set of advanced privacy tools wrapped in a familiar and user-friendly wallet experience, eliminating friction and making privacy accessible for everyone.
BlockWallet protects you and ensures privacy by default. When you make transactions or interact with blockchain apps, BlockWallet routes all node requests through Privacy Proxies, which mask the IP address and other metadata, that can be used to identify and track you on a blockchain. You can also use the Privacy Pools feature, powered by zk-SNARKs technology, to deposit and mix funds in a smart contract. This allows transferring funds without links to your main wallet. BlockWallet offers integrated Flash-Bot Protection, shielding you from sandwich attacks when you trade on DEXes. Meanwhile, the Phishing Protection feature helps you combat phishing scams by generating unique artwork on all sensitive pages.
BlockWallet is not a compromise. It’s privacy-first, but it still packs all features you would expect from a wallet. With full Web 3.0 support, the wallet allows you to connect to any DApp.
SOURCE: MEDIUM
