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Walletbeat monthly update is here!
Check out what happened across Walletbeat and the wallet ecosystem through August 👇
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Walletbeat 🌸 retweeted
This is true, we love to see more wallets try and climb the stats
But @ambire currently mogs. Especially in terms of EIP support (check out the new UI)
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Walletbeat 🌸 retweeted
Imagine using a protocol 2 years ago, forgetting about it, and then realizing you’re still exposed
This feature could save a lot of users from getting rekt
Very interesting story here
-> Magic Eden stops using Payment Processor V2 in Oct 2024 (2 years ago)
-> Contract gets exploited, NFTs get stolen
-> @0xQuit rescues remaining 23,155 exposed NFTs ($5.7M)
-> Most exposed NFTs had lingering approvals dating back nearly 2 years (!!!)
For the average user who doesn't know what revoke.cash is (or knows it but haven't checked it IN YEARS), you're probably fucked or hope whitehats like @0xQuit gets in there first
Approvals should be easy to manage. Asking wallets to make this easy for users
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Walletbeat 🌸 retweeted
.⋆❀°
and Keycard #1 in hardware wallets on @walletbeat too
I guess it means it's another reason why ambire + keycard is a good combo? 😅
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Openness, as it relates to wallets, means that the way in which the wallet behaves must be transparent to you as the user.
What does that mean in practice?
Here's how Walletbeat evaluates transparency, and why these attributes matter.
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Release Process 📦
Can users trust that the wallet's releases are built and distributed safely?
The wallet release process must follow safety best practices.
A well-defined release process with artifact signing, reproducible builds, and dependency locking reduces supply chain attack risk.
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There are a lot to care about in wallets.
If you want to learn more about any one of them, you can go on any Walletbeat wallet page and look at the methodology and the rationale behind the attributes 👇
beta.walletbeat.eth.limo/
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Wallets must support atomic batched transactions.
Token approvals are meant to be batched with swaps, deposits etc. This keeps you safe and removes the need to revoke approvals.
Atomic batched transactions make such batched transactions safer and easier to understand for the user, as well as enabling advanced DeFi use-cases.
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At Walletbeat, we use unlimited token approvals as part of our evaluation framework to test how wallets warn users about potentially dangerous transactions.
Unlimited approvals don't have to be the norm anymore. Let's change that 👇
A recent community test simulated an address poisoning attack across multiple wallets.
Address poisoning is just one example of a broader challenge: Scam Alerting.
How should wallets detect and warn users about scams?
A Walletbeat thread 🧵
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We need more wallets to stand for the `S` in CROPS.
Test your wallets here!
beta.walletbeat.eth.limo
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Walletbeat 🌸 retweeted
Casberi x @walletbeat
Everything you do is scattered across apps, wallets and agents. Casberi shows them all together, or one at a time. apps.apple.com/us/app/casber…
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Wallets must collect no more user data than a web browser does by default.
They handle sensitive financial data.
Collecting excessive user data creates unnecessary privacy risks and undermines user trust.
Privacy is a human right.
But how private is your address?
NYMIS is a privacy scanner.
It answers one question:
“What does the blockchain know about me?”
Enter your wallet address and it reveals privacy leaks across identity, KYC services, related addresses, funding history and more.
Try it: nymis.io/
Built with @nansen_ai relationship and transaction intelligence.
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Under these circumstances, wallet addresses can be linkable to sensitive personal information, which makes it easy to track your activity.
At minimum, wallets must not link your wallet address to personally identifying data such as your name, email, phone number, or account credentials.
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