X402 Protocol: Hype Meets Reality – Navigating the Risks and Uncertainties of a Revolutionary Internet Payment System

The cryptocurrency ecosystem is constantly evolving, with new protocols emerging rapidly. One such protocol, x402, has captured significant attention for its ambitious vision to revolutionize internet payments. However, the recent 402Bridge security incident raises critical questions about the reality behind this hype. This article delves into the potential of x402 while examining its vulnerabilities and implications for the future of Web3 payment systems.