#CryptoSecurity101 The greatest security risks of Web3

The underlying principles of Web3 make it more secure than Web 2.0 in some aspects. However, like any technology, it carries some security risks. Some of the security vulnerabilities stem from how the architectures of Web3 and Web 2.0 interact. Others are inherent to the functioning of protocols like blockchain and IPFS. And the reliance of Web3 on network consensus can make patching these vulnerabilities and other failures a slow process.

Some of the main security risks are:

1. Lack of encryption and verification of API queries

2. Hacking of smart contracts

3. Privacy issues in decentralized data storage

4. Account theft and mobile wallet theft

5. Attacks on protocols and bridges

6. Slow updates

7. Typical risks of Web 2.0