So by removing the option to see dust (For the most part as yes, there is a chance that dusters will use larger name tokens) and having only selected coins/tokens you are essentially dramatically reducing the risk of dusting attacks. Imagine you are a new person to crypto and you see xxxxx amount of this token you didn’t even by your first instinct is to see how much that is worth, right? Let’s just hypothetically it worth $10, that could be a lot to someone so they sell it or swap it, which begins the Dusting Attack process. However, the main reason is because of their target audience being new holders of crypto.
#SAFEMOON WALLET FULL#
When you first open the SafeMoon Wallet you will see that there is an only hand full of selective tokens available to view/trade or swap. How is the SafeMoon Wallet helping against dust? These “dust balances” are so small they are not trade-able, but if you are using Binance exchange, for example, it lets you convert this dust into the native crypto BNB (Binance coin). These are small amounts that get stuck in users’ accounts after the execution of trading orders. Typically, dust would equate to about a couple of hundred satoshis (or 0.00000200 BTC).
As an example, let us think of a satoshi - 0.00000001 BTC or the smallest unit of measure in Bitcoin. In Crypto-verse, dust is referred to very small amounts of digital coins or tokens, ones which are not even noticed by users. The SafeMoon Wallet has launched with the industry-standard security measures which is the 12 Word Seed Phrase which does protect the users as long as they follow the guidelines Here. Now while 15k bit encryption is on its way with development. As it was mentioned that the SafeMoon Wallet will have 15,000 bit encryption. With the Release of the SafeMoon Wallet, questions have been asked regarding the security implementations.
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