How secure are assets held in smart contracts on the blockchain, really?
Many protocols’ contracts can be upgraded through proxy contracts, and the multisig accounts that control upgrade permissions are themselves potential risk points.
Key takeaway: When reviewing audit reports, pay attention to the date, audit scope, and unresolved issues. Don’t just look for the “audited” label.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
Understanding the rules helps you make more informed decisions; it isn’t about predicting market movements.
#ETH
Many protocols’ contracts can be upgraded through proxy contracts, and the multisig accounts that control upgrade permissions are themselves potential risk points.
Key takeaway: When reviewing audit reports, pay attention to the date, audit scope, and unresolved issues. Don’t just look for the “audited” label.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
Understanding the rules helps you make more informed decisions; it isn’t about predicting market movements.
#ETH