Web3 Onboarding: Security Essentials for Crypto Investors
The shift to Web3 represents a fundamental restructuring of digital finance, replacing centralized intermediaries with decentralized blockchain protocols. This transition demands heightened personal responsibility—investors must now master private key management, navigate multi-chain ecosystems, and audit smart contracts themselves.
Decentralized finance (DeFi) offers novel yield-generation mechanisms through staking and liquidity provisioning. However, these opportunities come with technical complexity that creates attack vectors for exploits. Interface confusion frequently leads to costly errors like incorrect chain selection or approval of malicious contracts.
The adage 'Not your keys, not your crypto' underscores the paradigm's Core tenet: absolute self-custody. This requires continuous education about emerging threats like wallet-draining scams and MEV attacks that target transactional vulnerabilities.
