{"id":534654,"date":"2023-01-04T02:01:00","date_gmt":"2023-01-03T23:01:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/users-need-to-go-under-the-engine-in-web3-hashex-ceo\/"},"modified":"2023-01-04T02:01:00","modified_gmt":"2023-01-03T23:01:00","slug":"users-need-to-go-under-the-engine-in-web3-hashex-ceo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/users-need-to-go-under-the-engine-in-web3-hashex-ceo\/","title":{"rendered":"# Users need to go under the engine in Web3 \u2014 HashEx CEO"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2a7aa351963\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2a7aa351963\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/users-need-to-go-under-the-engine-in-web3-hashex-ceo\/#%E2%80%9D_Users_need_to_go_under_the_engine_in_Web3_%E2%80%94_HashEx_CEO_%E2%80%9C\" >&#8221; Users need to go under the engine in Web3 \u2014 HashEx CEO  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/users-need-to-go-under-the-engine-in-web3-hashex-ceo\/#Phishing_continues_to_be_a_major_threat_in_Web3\" >Phishing continues to be a major threat in Web3<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Users_need_to_go_under_the_engine_in_Web3_%E2%80%94_HashEx_CEO_%E2%80%9C\"><\/span>&#8221; Users need to go under the engine in Web3 \u2014 HashEx CEO  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvMjhiNmQ3ZjUtN2Y4NC00NzIwLTkzNjMtMzAxNmRiOWZlOTNkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ed77c39>Hacking in Web3 is easy because it uses the same pattern that\u2019s been used since the inception of the internet \u2014 pretending to be someone else.\u00a0<\/p>\n<p>Due to the complexity and the \u201ccool factor\u201d of Web3 projects, one can easily \u2014 and mistakenly \u2014 assume that it takes Mr. Robot level of advanced hacking techniques to pull off a successful attack. In truth, however, it only takes a sinister ad placed on Google search results, an impostor Telegram group or a deviously-crafted email to break the security barriers of the Web3 ecosystem.<\/p>\n<p>Blockchain projects can use top-notch smart contracts, securely integrate crypto wallets and use best practices in each digital step across the board. But they still need help with the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> aspect of user protection.<\/p>\n<p>Web3 takes the \u201cownership\u201d from central entities and distributes it to users to democratize the internet for everyone. It gives power to the user.<\/p>\n<p>But, attaining this power of ownership also comes with significant responsibility. Users need to understand how crypto wallets work, how transactions are made, and how assets are stored \u2014 and the steep learning curve is not helping.<\/p>\n<p>Cointelegraph sat down with Dmitry Mishunin, the CEO of blockchain auditor HashEx, at Istanbul Blockchain Week to speak about the ins and outs of Web3 from a security expert\u2019s perspective. <\/p>\n<p><strong>Cointelegraph: You were working on Web3 before it was even a thing. How do you describe or frame Web3?<\/strong><\/p>\n<p><strong>Dmitry Mishunin:<\/strong> I think the main feature [of Web3] is the control of funds is the users\u2019 responsibility, and this is a fascinating paradigm. <\/p>\n<p>Web1 is just a read-only experience. You can get the information and get the context, but you can\u2019t do anything with it. Web2 is a read-write mode \u2014 you can upload something. And Web3 is read, write, own. <\/p>\n<p>This is a crazy responsibility for the end-user because they didn\u2019t have such an experience before. We see lots of problems in security because people don\u2019t realize that this is their personal responsibility against their own assets. People are not ready for this. <\/p>\n<p><strong>CT: How do you think Web3 differs from others regarding security and user protection?<\/strong><\/p>\n<p><strong>DM:<\/strong> It comes with a new level of security and a new level of smart contracts. It\u2019s not only about the privacy of smart contracts; it involves all the infrastructure of wallets, users, their mission and so on. <\/p>\n<p>When a huge bank lacks funds, governments can provide the funds, not as credit. They buy the bank for $1 and give government funds. The Web3 infrastructure is not ready for this because governments and huge regulators don\u2019t think it\u2019s worth it, or they don\u2019t think they can trust this ecosystem. <\/p>\n<p>For example, if I had a PayPal account, I\u2019d be 100% sure that PayPal kept my funds safe. And if someone steals it from them, [PayPal] will return it to you, or maybe I can go to court. At the end of the day, they will return my funds. It\u2019s hard to understand you have a personal responsibility for these funds [in Web3] \u2014 it\u2019s hard to realize.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Phishing_continues_to_be_a_major_threat_in_Web3\"><\/span>Phishing continues to be a major threat in Web3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>DM:<\/strong> Even in HashEx, a security company, we lost about 100,000 dollars in the previous year \u2014 not in scams, not in risky investments, but in human mistakes. We had a crucial phishing experience when our employee wanted to make some swaps on Pancakeswap, searched for Pancake on Google and didn\u2019t realize that she was clicking a link from the Google Ads, not from the search results.\u00a0<\/p>\n<p>It had a pop-up that looked like a MetaMask window. The pop-up said, \u201cyou have an error in your MetaMask,\u201d and she entered her seed phrase.<\/p>\n<p><strong>CT: So, in short, smart contracts will be safer, but phishing will still be the main pain point in web security. Will the social aspect of security be the main business for companies like HashEx? <\/strong><\/p>\n<p><strong>DM: <\/strong>We can reduce phishing attacks because it\u2019s mostly about knowledge and understanding of how swindlers are tricking users. It\u2019s not about the cyber police or the auditors because executing such attacks is easy. You can just create a Telegram group and message users. It\u2019s impossible for security companies to cover all this stuff.<\/p>\n<p>However, we sure can help with this level of understanding of users, and we do. We have HashEx Academy. We are making lots of content about it. After some time, people should gain a better understanding of how Web3 should work. <\/p>\n<p><strong>CT: Is it possible to stay anonymous in the Web3 environment? <\/strong><\/p>\n<p><strong>DM:<\/strong> It\u2019s only possible if you don\u2019t withdraw any funds and transfer them from Web3 to the real world. If you want to withdraw funds from Web3 to the real world, the risk of losing anonymity <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears immediately.<\/p>\n<p><strong>CT: Metaverse and blockchain gaming are the top trends for Web3 right now. Do we have any other trends besides those?<\/strong><\/p>\n<p><strong>DM:<\/strong> The Internet of Things (IoT). It\u2019s a powerful trend. It\u2019s excellent when those devices can exchange data with smart contracts or with each other.<\/p>\n<p>There are a few smart devices in my house, like a washing machine and a dry washer. I use these IoT features. It\u2019s good for me, and I think integrating more complicated systems will be fine. <\/p>\n<p><strong>CT: Why do you think blockchain-based IoT would become a trend?<\/strong><\/p>\n<p><strong>DM: <\/strong>It\u2019s because the companies lack universal support for IoT. For example, there is a massive problem with availability in different countries or different regions. If you speak about Amazon or eBay, they have different databases and websites across the world and every couple of hours, or every couple of days, they synchronize them. But they surely don\u2019t use the same database for North America, South America or Europe. <\/p>\n<p>And, if you are a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> vendor like LG or Samsung and you want to connect all the devices across the world, you have two options. You either have different hubs in different regions and synchronize them, or you use something like a blockchain. So, for the high reliability of this process, blockchain and Web3 are helpful.<\/p>\n<p><strong>CT: What do you expect from the Web3 industry for the upcoming year?<\/strong><\/p>\n<p><strong>DM:<\/strong> Standardization. We have to ask for more and different spheres of blockchain. We have to ask for other ways of transferring funds between blockchains. Bridge standardization \u2014 it may have more tools and more frameworks. It\u2019s really useful. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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