Yet another government official is waking up to Bitcoin’s significance beyond its role as an asset. Rand Paul – Republican senator and well-known libertarian – recently questioned whether “cryptocurrency” could become the world reserve currency. As Bitcoin gains traction and legitimacy around the world, this reality grows ever-more plausible. Weakening Trust in Government Money Rand Paul aired his thoughts in an interview with Axios on Friday. The senator surmised that as trust in government decreases, “cryptocurrency” could “actually become the…
Tag: Underflow Attacks
Understanding Overflow and Underflow Attacks on Smart Contracts
One of the best outcomes of blockchain is smart contracts, a computer protocol that facilitates, verifies, and sometimes implements a contract or negotiation. Smart contracts' exciting uses are record keeping in healthcare, real estate, property ownership, insurance, and voting systems. Despite the preference for smart contracts, one cannot claim that it is a fully secure system. Any unexpected and unwanted elements in a smart contract can have enormous consequences. For example, a bug in a smart contract may trigger it…
1 year ago
