DeFi Security & Hardware Wallet Issues - Smart Contract Verification & Why it Matters (Eth, BSC)

Buy a Keystone (Affiliate Link): wallet comparison page: Documentation: Reading

Ledger Blog - Blind Signing: Blog - Blind Signing: video which runs through an example of the ways that traditional hardware wallets fail to provide the security needed for DeFi when blind signing. (An issue for NFTs, farming, swaps, etc) Demonstrate what this looks like with Pancakeswap, Sushiswap and Crypto.com Defi Swap, using a Ledger, Trezor and Keystone. Demonstrates how to perform Smart Contract verification in Metamask, on a Keystone and also on a Ledger Nano. (for Paraswap) This is an issue on any EVM chain, so Ethereum, Binance Smart Chain (BSC), Avalanche, etc.

00:00 - Why Blind Signing is a Problem

01:08 - Demo Hardwarel/Software Overview

01:24 - Pancake Swap Signing Demo

01:37 - Example Transaction Signing Data

02:36 - Loading Smart Contract Data on to Keystone

03:35 - Example of Decoded Smart Contract Interaction

04:42 - Smart Contract Verification in Metamask

05:22 - Smart Contract Verifiication Across EVM Chains

06:08 - Adding Custom Smart Contract Data

09:42 - Sushiswap Example & Demo OpenMEV Issue

10:27 - Smart Contract Verification on Ledger/Trezor

11:12 - Ledger Nano: Paraswap Plugin Demo

11:36 - Grid+ Lattice

11:56 - Summary and Closing Thoughts

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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.

For your first purcahse, just stick with CoinBase: Trading, just start with Binance: sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)

Don't have a hardware wallet?

Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)

Get a Ledger: you are just starting out, I would just recommend a Ledger Nano S)

If this was helpful, feel free to send me a tip:

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#ethereum #eth #cryptocurrency #crypto #ledger #trezor #security

Recommended Reading >> bit.ly/32kRpzw

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