How to safely dig for gold in Web3 — OKLink Audit secures your exploration

Ambitious miners started their Web3 exploration in search of gold. With new ways to extract gold from the world amid greater uncertainty, the stakes are higher than ever. Do Big Risks Lead to a Bigger Payout?

Web3 Gold rush with risks

Although global market instability has increased due to the international macroeconomic downturn, adventurers are still drawn to the goldfield. Recently, the Ethereum merge, a historic upgrade that set aside proof of work with the promise of massive environmental benefits, has created opportunities for risk-free arbitrage. One of the hacking teams claimed to have made nearly 10,000 ETHPoW (about $0.2 million) in this arbitrage.

However, it’s just swings and roundabouts. The hacked incident on BNB Token Hub, a cross-chain bridge connecting the BNB Beacon Chain and the BNB Chain, resulted in huge losses from the issuance of 2 million additional BNB (BNB) ($570 million) that entire chain was “paused” before the hacker. could make off with their exploits. The hacker only managed to snatch around $127 million from the chain.

Regarding both events, the OKLink Audit group also offers insights from on-chain data analysis and unveils these mysterious stories. According to an article titled “The Crypto World is on Edge After a String of Hacks” published in The New York Times, more than $2 billion in digital currency was stolen in hacks this year, shattering trust shaken into the experimental field of decentralized finance. known as DeFi. Crypto gold field vulnerability needs a security guard.

Adventurer’s Shield — OKLink Audit Tokenscanner

Aside from reading analytical articles to learn more about the on-chain world, finding some useful tools for general retail investors is not easy. For non-tech investors, ease of use and professionalism are two crucial elements when choosing a tool to boost their adventure in Web3. OKLink Audit doubles the security guarantee in both on-chain data analysis and code analysis. Tokenscanner, a risk token scanning tool, and ArgusEyes are core products of OKLink Audit.

With Tokenscanner, users could quickly review risk analysis, token classifiers, and security scores with exclusive score dimensions based on OKLink Explorer’s huge database. Since the launch of Tokenscanner, more than 4.2 million tokens have been scanned and more than 164,000 risky tokens have been found. Since OKLink has supported multichains, Tokenscanner also has the multichain check feature. With a multi-dimensional analysis ending with a swap analysis, a holder analysis, a contract analysis and a liquidity analysis, users can conveniently and intuitively assess the risk of a token.

Put the user first and be professional

When we review the list of top 10 blockchain security companies online, there are few tools for individuals. OKLink Security Guard Tokenscanner is one of them. It supports detection of over 30 risk positions such as honey pot and transaction tax, for which you need to set a very high slippage tolerance on decentralized exchanges (DEXs) when trading. Besides the four-dimensional analysis, liquidity pairs of top DEXs and token governance can also be easily understood after clicking “Search”.

Compared to other token scanners, Security Guard Tokenscanner follows the user-first approach. Fast interface access speed enabled by an API that achieves less than a millisecond interface response and explicit interface structure design guarantee Security Guard’s goal: to put the user first and professional in things based on a huge database to be security. Risk scores can directly help such users to find out about token risks quickly and easily. The tokens are evaluated according to 33 detailed rules, and 10,000 samples are then selected for evaluation adjustment.

Onchain data analysis strengthens Web3 security

The purpose of a blockchain is to enable shared consensus based on coded rules that we have already agreed upon. For any adventurer on the Web3, a systemic risk leading to the collapse of the entire world or a loss of trust is something no one wants to see.

OKLink Audit securely increases consumer access to cryptocurrencies with a handy search tool and clear score, easy-to-solve comprehensive issues in Web3, and massive data backing from OKLink Multi-Blockchain Explorer. It is the key to outstanding on-chain analytics.

Being a security guard is not an easy task. With other services such as smart contract audits provided together, OKLink brings further simplicity and transparency to users of blockchain risk. OKLink Audit lets you delve further into the dark forest of Web3.

Via OK link

As the parent company of OKLink, OKG is one of the earliest blockchain companies founded in China. It has now grown into a conglomerate and a leader in the blockchain industry. Founded in 2013, OKG is dedicated to the research, development and commercialization of blockchain technology. Since 2018, OKLink is one of OKG’s subsidiaries dedicated to blockchain data and information services. Visit the site and Twitter for more informations.