Smart Contract Vulnerability

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…

Smart contracts are useful for peer-to-peer transactions in blockchains. They are also helpful for trade finance and insurance to improve claim processing, stock taking, and record keeping.  Although these blockchain applications are useful in various industries, they may not always be safe and prone to attacks. The effects of smart contract attacks are very devastating and can cause significant losses to a project's investors. This article will address various vulnerabilities in smart contracts, how they occur, and their effects on…