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D’CENT has taken a step forward towards improving the security of its on-chain transactions and leaving you worry-free. Going forward, you’ll get real-time threat detection and won’t have to spend considerable time vetting every transaction. As the CEO of IoTrust, Sang Su Baek, rightly put it, security shouldn’t be based on your ability to read smart contracts.
The integration of real-time monitoring and alerts aligns with D’CENT’s vision of helping users, especially those new to Web3, to interact safely within the Web3 space. With the new feature, you can be sure of receiving alerts on the mobile wallet about suspicious transactions before you sign them.
Store Safely, Transact Without Worries
The D’CENT wallet is not just a wallet that stores your assets, but one that actively monitors transactions to ensure you sign only the legitimate ones. To make that even better, the wallet has partnered with Blockaid to integrate a crypto wallet real-time threat detection system. This system is integrated directly into the app, keeping both the app and your hardware wallet safe.
With the threat detection system, you can trust your D’CENT wallet app to identify and flag phishing or suspicious links. Think about the number of times you’ve had to copy a wallet address from a WhatsApp or Telegram group. Phishing links could very well hide in those places, often passing typical quick visual inspections, as they look almost identical to the real ones.
Now, with the active threat detection system, D’CENT will check if the address ties back to any suspicious activities. If it does, then you can expect the app to alert you before you sign the transaction. That way, you can cancel the transaction and keep your assets secure.
Real-Time Protection with Blockaid
Blockaid isn’t new to blockchain security. It was founded by two former cyber intelligence operatives in 2022 and currently serves over a dozen top cryptocurrency platforms and wallets, including MetaMask and Binance. With D’CENT, its system monitors tokens, smart contracts, and wallet addresses for suspicious behaviors. The system will alert you if it detects the following threats:
- Malicious tokens: Some tokens are designed to exploit vulnerabilities in how users grant permissions to dApps through token approvals. The new real-time threat detection system in D’CENT can detect these tokens and alert you.
- Malicious transactions: D’CENT will simulate transaction results in the background and alert you if the results include suspicious token transfers or contract calls.
- Malicious dApps: You’ll get notified when connecting to certain decentralized transactions with suspicious smart contracts or behavior.
What makes the threat detection system even more effective is that it is always active in your D’CENT wallet app. It runs in the background and does not require any technical setup. As such, the D’CENT wallet is ideal for new crypto users and those hoping to explore Web3 for the first time.
How D’CENT Keeps You Safe
The threat monitoring system works when you do the following:
- Send tokens to a crypto wallet
- Sign a smart contract
- Connect to a decentralized application via your D’CENT wallet
When you perform any of the above functions, the system scans for phishing links or patterns and looks for unusual smart contract behavior or on-chain activity. Note that the system works directly inside your D’CENT app and does not require any browser connections or external links.
The threat monitoring system checks your transactions against a global database of flagged wallets, suspicious smart contracts, and fraudulent tokens. Once it gets a hit, it will alert you before you sign the transaction or connect to the dApp.
Store, Monitor, and Transact Safely with D’CENT
D’CENT offers both a hardware wallet and a hot app-based wallet. Regardless of which wallet you use, you’ll get the threat monitoring system. And with it, you can sign transactions without worries.
You can manage over 4,000 digital assets across 85 blockchains with the D’CENT wallet. Even better, you can integrate seamlessly with decentralized applications and explore Web3 even further.
With the wallet now playing an active role in threat detection and prevention, now’s the time to get in on Web3 if you are a new user. For seasoned users looking to expand, the D’CENT wallet offers just the perfect versatility (hardware and hot wallet) and features.
