Web3 Scams
Systems that are built with
- Honesty
- Integrity
- Respect
Will be rewarded with loyalty.
The key attribute to the promise of Blockchain technology and Web3.
The State of Data in the Blockchain
- Blockchain engineering
- Secure Transaction logic has no exploits
- Contract Transaction Logic
- Offchain data has integrity
Blockchain engineering
Decentralisation is a key factor in protecting trust by ensure the integrity of the underlying data storage.
If the blockchain is not decentralised then your trust is in a central group that runs the blockchain. The question of faith then becomes whether you trust a governing body to do the right thing.
Contract Logic Exploits
Unfortunately you can't trust humans.
Some are ingenious at exploiting mistakes to wipe funds from a contract. Others that create contracts the exploits intentionally so