Glossary
Smart Contract Security
Smart contract security checks code that handles crypto - bugs here mean lost money that cannot be recovered.
What is Smart Contract Security?
Ensuring blockchain smart contracts are free from vulnerabilities that could lead to fund theft or manipulation.
Why Should You Care?
Smart contract bugs are irreversible. Once deployed, vulnerable contracts cannot be easily patched.
Is your business exposed?
Real-World Example
The DAO hack exploited a reentrancy vulnerability, resulting in the theft of millions in Ethereum.
How to Protect Against Smart Contract Security
- 1.
Require professional audit for all smart contracts
- 2.
Use formal verification for critical contracts
Related Terms
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