My approach is to understand the underlying principles before engaging with a new concept.
Upgradeable contracts can be implemented using proxy contracts. The administrator key that controls upgrade permissions is itself a potential risk.
Risks don’t just come from the contract code: price feeds, dependent external protocols, administrative permissions, and hijacked web front ends can all cause problems.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts. Currently, 1854.64.
Anything I haven’t covered? Let’s discuss in the comments.
These are personal notes. Make your own decisions before taking action.
Upgradeable contracts can be implemented using proxy contracts. The administrator key that controls upgrade permissions is itself a potential risk.
Risks don’t just come from the contract code: price feeds, dependent external protocols, administrative permissions, and hijacked web front ends can all cause problems.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts. Currently, 1854.64.
Anything I haven’t covered? Let’s discuss in the comments.
These are personal notes. Make your own decisions before taking action.
