Smart Contracts

To ensure the security of their smart contracts, companies are increasingly turning to third-party auditors. This is not surprising, considering smart contract auditing has become vital to blockchain development.  With smart contracts playing an ever-increasing role in the digital world, ensuring they are secure and reliable is essential. Today we’ll explain what to look for when choosing an auditor, how long the process takes, and what auditors examine. We will also outline the results of an audit and how to…

Smart contracts are becoming increasingly prevalent as the world moves towards a more digital and automated future. Still, they are far from being the panacea of all technological ills. Smart contracts are self-executing contracts with a predetermined set of rules. They are stored on the blockchain and run by computers, which makes them tamper-proof and reliable. However, as with any new technology, smart contracts have associated risks. This article will explore some of the most common pitfalls and how to…

As the financial world moves increasingly online, ensuring that all transactions run securely is becoming increasingly essential. 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 smart contracts offer many advantages, they are also vulnerable to attack. In this blog, we will explore how attackers can exploit vulnerabilities in smart…

With many businesses adopting blockchain technology and Smart Contracts, offering reliable security audits in the industry has become increasingly important.  Businesses may protect their assets and contracts by recognizing and preventing harmful assaults. This blog post will explore the different attacks a group of criminals can carry on Smart Contracts. We'll also look at real-world instances of assaults to help you secure your contracts. What are Smart Contracts? Understanding the Benefits of This Technology What are smart contracts? They are…

As the adoption of blockchain technology gains popularity, it becomes increasingly important to ensure the space is secure. A wide range of industries has started to use smart contracts for various applications and financial services. Some of the great features of smart contracts are the immutability and transparency that they offer. However, there have been numerous instances in which weaknesses have been present in smart contracts. Solidity Finance is a distinguished team of auditors and has a robust methodology to…

SolidProof – a German-based security company – will soon make its automatic smart contract auditing tool available for development teams everywhere. The product is meant to support the growing decentralized finance (Defi) space by addressing its all too common security threats. The Need for Security Defi is a popular application for blockchain technology that builds on the original monetary function that Bitcoin was designed for. Whereas Bitcoin was created as a form of trustless money, defi enables trustless financial services…

The clever use of smart contracts has contributed significantly to the exploding popularity of blockchain technology. Computer scientist Nick Szabo proposed a smart contract as a collection of instructions executing automatically. This technology aims to make contract execution as automated as possible. Many know how basic smart contracts work, but finding a guide on their advanced versions is rare. After a basic overview, we will analyze two typical cases of advanced smart contracts. For simplicity, the article will not deal…

Smart contracts might seem like complex cryptocurrency jargon, but it's not. An Ethereum smart contract is an automated agreement between two parties written in code. Smart contracts have continued to bloom in the crypto space, and more is yet to come. The smart contract market capitalization reached USD 274 million in 2023. Ethereum smart contracts have had a notable impact in revolutionizing the crypto space and the world. Furthermore, there are ways in which users can utilize Ether Smart Contracts. Some…

The Internet and blockchain technology are the precursors for an age that supports virtual digital currencies. Therefore, the need for technological advancement is eminent as the world becomes more digital. Above all, centralization is an ownership problem that decentralized finance fixes. Elrond network is a highly secure, fast, efficient, and scalable blockchain platform for distributed apps. Its primary objective is to construct a transparent architecture for different economies. Additionally, it aims to have low latency and high bandwidth transactions. Most…