Smart Contracts Vulnerabilities Specific to The DeFi Space

As the financial world moves increasingly online, it's becoming more and more essential to ensure that all transactions run securely. One way this is possible is through the use of smart contracts.  Smart contracts are computer programs that automatically execute the terms of a contract. They provide a secure way to conduct transactions without relying on third-party intermediaries.  While the use of smart contracts offers many advantages, they are also vulnerable to attack. In this blog, we will explore how…

6 Common Vulnerabilities In Smart Contracts

At the end of 2023, the global smart contract market is expected to reach approximately 300 million USD. Smart contracts are useful for peer to peer transactions in blockchains. They are also helpful for trade finance, insurance to improve claim processing, stock taking, and record keeping.  Much as these blockchain applications are useful in various industries, they may not always be safe and are prone to attacks. The effects of smart contract attacks are very devastating and can cause significant…