Crypto Tidbit 📚 Smart Contract Risks
Audit reports generally specify the issues found, their risk levels, and whether they have been fixed.
Many protocols’ contracts can be upgraded through proxy contracts, and the multisig account holding upgrade permissions is itself a potential risk.
I didn’t understand this before, and the lesson cost me enough to pay for several hot pot meals.
Ethereum, where $ETH resides, was among the earliest public blockchains to support general-purpose smart contracts.
#ETH
Just a record of market conditions; make your own decisions when trading.
Audit reports generally specify the issues found, their risk levels, and whether they have been fixed.
Many protocols’ contracts can be upgraded through proxy contracts, and the multisig account holding upgrade permissions is itself a potential risk.
I didn’t understand this before, and the lesson cost me enough to pay for several hot pot meals.
Ethereum, where $ETH resides, was among the earliest public blockchains to support general-purpose smart contracts.
#ETH
Just a record of market conditions; make your own decisions when trading.