Phantom Wallet Announces Message Simulation

Signing and approving transaction messages within a crypto wallet is common for tasks like listing NFTs, accessing DApps, and swapping tokens. However, these messages can be complex and susceptible to exploitation by malicious entities. Addressing this concern, Phantom has unveiled a protective feature known as Message Simulation.

Why are you signing messages you don’t understand?

If you use crypto, you’re signing messages — to list NFTs, access apps, and more. But these messages are hard to understand and are easy targets for bad actors.

Now Phantom protects you with Message Simulation. pic.twitter.com/E9cOU0nDtM
— Phantom (@phantom) August 15, 2023

Via @phantom – X

Benefits of Message Simulation

When signing messages on Ethereum, Phantom ensures robust security measures. Message Simulation issues warnings accompanied by context to highlight potential severity before submission. Additionally, Message Simulation prevents the execution of messages identified as scams.

This safeguarding solution integrates into prominent applications like OpenSea, Blur, and MakerDAO. Message Simulation is a feature compatible with mobile and desktop versions of Phantom Wallet, eliminating the need for users to seek out additional extensions when decoding messages.

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