Wallet Security

Carlo Parisi (), Dyma Budorin () and Ostap Khalavka ()
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Carlo Parisi: Hacken
Dyma Budorin: Hacken
Ostap Khalavka: Hacken

Chapter Chapter 3 in A Comprehensive Guide for Web3 Security, 2023, pp 61-79 from Springer

Abstract: Abstract This chapter delves into wallet security in the blockchain ecosystem, discussing the types of wallets, their underlying technologies, and their critical role in securing digital assets and facilitating transactions. It emphasizes the importance of wallet security, covering past wallet hacks, auditing significance, and various tools and methodologies for auditing. The chapter explains the different types of blockchain wallets, comparing them to traditional banking systems and distinguishing between custodial and non-custodial wallets. It explores the technical aspects of wallets, including public and private keys, key management, smart contract wallets, multisignature wallets, and attack vectors. In summary, this chapter offers valuable insights and practical advice on wallet security in the blockchain space, focusing on risk mitigation, user education, and proactive auditing. It highlights the significance of robust wallet security measures for the safety, integrity, and long-term success of the blockchain ecosystem.

Keywords: Blockchain wallets; Custodial and non-custodial wallets; Public and private key; Smart contract wallets; Account abstraction; Multisignature wallets; Social recovery; MPC wallet; Wallet security features; Blockchain wallet hacks (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-031-39288-7_3

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DOI: 10.1007/978-3-031-39288-7_3

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