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General Notes

When using blockchain applications, it's important to consider the following points:

Caution with Smart Contracts​

  • Exercise caution when interacting with any smart contract or blockchain application.
  • Despite efforts such as testing, audits, and bug bounties, vulnerabilities in smart contract code can still pose risks.

Phishing and Scams​

  • Phishing and scams are common, both in blockchain and other online activities.
    • Blockchain-related phishing can trick users into revealing sensitive information (e.g., private keys, seed phrases) or signing malicious transactions.

Best Practices for Security​

Maintaining Separate Wallets​

  • Consider maintaining two separate wallets:
    • One wallet for securely storing the majority of your assets.
    • Another wallet for interacting with new websites or decentralized applications (dApps).

Verifying Contracts and Transactions​

  • Always check the contract being interacted with and the operation being signed when engaging with new websites or signing transactions.
    • Most wallets display the name of the operation to be signed, so ensure it's legitimate before proceeding.