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Published March 18, 20244 min read

Protection in Web3: New Challenges, New Solutions, Strong Defenders

CoinMooner Team

In today's digital world, where we're constantly intertwined with the internet, ensuring online security becomes our central shield. However, with the emergence of blockchain technology and the shift to Web3, where content and applications are spread across the network, we face new challenges and heights in cybersecurity.

Web3 isn't just the next step in internet evolution; it's a promise of revolution, bringing unique possibilities through decentralized applications (dApps), smart contracts, and digital assets. However, new perspectives also bring new dangers. In the world of Web3, cryptocurrency thefts, attacks on smart contracts, and other forms of cybercrime are becoming increasingly sophisticated and prevalent, requiring much more innovative approaches to security and user protection. Attacks become particularly acute during active cryptocurrency market growth periods, such as Bull Runs, when hackers seek to exploit increased interest in digital assets to carry out large-scale cyber-attacks.

In this article, we invite our readers on an exciting journey into the digital realm, where every mouse click is a potential vulnerability, and every new technology is a challenge we're ready to embrace. Our team at Coinmooner wants to highlight the importance of cybersecurity in the context of Web3 and shed light on companies that can help protect users and developers in this rapidly evolving digital world.

HACKEN

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Coinmooner has set its sights on exploring a pioneer in cybersecurity - Hacken. This giant has long established itself as a resilient and reliable guardian of virtual security in the Web3 world. Over the years, Hacken has only solidified its position thanks to its utmost professionalism and unparalleled quality of services. In an era where online security is paramount, Hacken has become an indispensable link, providing top-notch client protection.

Hacken isn't just a cybersecurity company; it's an entire institution specializing in safeguarding cryptocurrency operations and blockchain technologies. Their services encompass a wide range of activities, from auditing the security of smart contracts to penetration testing and vulnerability analysis, among other measures to defend against cyber attacks. Moreover, the company has gained renown for its active participation in various projects and initiatives to enhance cryptocurrency security worldwide.

Since its inception over six years ago, Hacken has steadfastly maintained its leadership in the Web3 market, serving over a thousand clients from various online sectors. Additionally, it boasts powerful industry partners such as CoinGecko, VECHAIN, and DAO Maker, further affirming its authority. Hacken is regularly mentioned in prestigious publications like Bloomberg, Forbes, Coindesk, The Wall Street Journal, and many others.

Hacken embarked on its journey in 2017 in Kyiv, Ukraine. In a short time, the company achieved numerous significant milestones, including the HackIT Cup 2017 with Steve Wozniak's participation and the initial token offering of HKN on the exchange. From 2018 to 2023, Hacken continued its impressive development, introducing innovative products and forging partnerships with leading companies in the cybersecurity industry.

The composition of the Hacken team is impressive: over a hundred professionals whose skills and expertise have impeccably established themselves in the industry.

CERTIK

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CertiK, according to Coinmooner, is not just another player in cybersecurity; it's one of the most influential ones. They've significantly impacted the Web3 industry since 2018, when Columbia and Yale University professors founded it. CertiK focuses on developing advanced security methods for blockchains. They use cutting-edge formal verification and artificial intelligence technologies to protect and monitor blockchains, smart contracts, and Web3 applications.

Specializing in blockchain security, CertiK offers various services, such as smart contract security audits, formal code verification, and more, to ensure safety. They've even developed their own technology, DeepSEA, for formal verification of smart contracts.

CertiK aims to create a safer environment for users and developers by actively contributing to the blockchain and cryptocurrency sphere. Their reputation is backed by prominent investors like Binance, Coinbase, Goldman Sachs, Tiger Global, and HILLHOUSE, showing high transparency and trust in the market.

They've earned prestigious awards like Top Blockchain Companies, Global Innovator, Companies to Watch in 2023, and Global Awards Silver Winner. CertiK is a global company with a team spread across the USA, South Korea, China, and Europe. They also actively support major ecosystem projects like Ethereum, Avalanche, Solana, Polygon, Cardano, and BNB Chain.

CertiK also specializes in responding to cyber incidents in both Web2 and Web3. CertiK's incident response services help address all security issues using their industry-leading expertise from investigation to crisis management.

Their key products and services include industry-leading cyber threat analysis. Their years of experience in threat analysis give them an advantage in understanding attacker methods and procedures. Their round-the-clock incident response ensures reliable protection seven days a week, even during non-business hours, giving clients confidence in their security.

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Coinmooner believes this article will help readers understand how the digital space is becoming increasingly important in our daily lives. As technologies like blockchain and the shift to Web3 develop, new opportunities and threats emerge. Every reader should know these risks and take measures to protect their data. Companies like Certik and Hacken can assist with this by providing reliable audits of projects across various Web3 sectors, whether CEX, DEX, P2E, SocialFi, DeFi, or Launchpads.

It's essential to recognize that understanding cybersecurity in the context of Web3 can significantly impact decision-making when choosing projects to invest in, serving as an additional analysis tool. Understanding the threats and challenges associated with cybersecurity in the Web3 world helps evaluate investment risks more consciously, especially in digital assets and blockchain projects. This allows us to make more informed decisions about where to invest our funds.

Furthermore, the Coinmooner team wants to emphasize the importance of gathering information about projects to fully understand their essence and potential impact on investments. In the Web3 world, it's crucial not only to rely on companies providing societal protection but also to use the most up-to-date protection methods to minimize the risk of financial loss.

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