As of 2021, $14 billion has been stolen in the cryptocurrency space. Delenium’s web3 service aims to create a democratic financial future for the internet, where newbies and experienced users can feel comfortable with their funds.
The security risks associated with digital wallets are becoming more common as Web3 applications gain traction. Since large amounts of money are stored and flowing in cryptocurrency wallets, scammers create phishing websites that can extract hundreds, thousands, and millions of dollars from users’ wallets.
Delenium claims to be able to solve this problem with an approach that has never been used before in the cryptocurrency space. The team from Delenium brings their ten years of experience in cybersecurity into the new era of the Internet.
The company says it is creating a more secure Web3 through sophisticated fraud detection and a network of data sensors on the Internet and its underlying blockchain layers.
Delenium recently launched a beta version of a Chrome extension that proved effective in protecting against fraud. The company will make more announcements soon.
To date, Delenium’s sensors have flagged tens of thousands of websites using a variety of data. Delenium has placed its sensors in several corners of the Internet, creating a whole network of protection for users of decentralized applications. When users accidentally access fraudulent sites, the Delenium Chrome extension immediately blocks them and prevents them from connecting their wallets. The company concludes that the locking mechanism is unparalleled in accuracy compared to current industry leaders.
