1 / 5

Why You Need a Security Audit of Smart Contracts

You may find possible security flaws in your system by using smart contract security audits. They enable you to fix these flaws before an evil actor takes use of them and destroys your platform.

cyphershield2022
Télécharger la présentation

Why You Need a Security Audit of Smart Contracts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Why You Need a Security Audit of Smart Contracts

  2. Why You Need a Security Audit of Smart Contracts You may find possible security flaws in your system by usingsmart contract security audits. They enable you to fix these flaws before an evil actor takes use of them and destroys your platform. With such cutting-edge technology, though, you might be asking what a smart contract audit is, why one is vital, and whether you actually need one.

  3. Cyberattacks on Blockchains & Smart Contracts It is the responsibility of blockchain developers to identify security flaws and address them before exploits are applied in actual attacks. Baiting and the Reentrancy assault are the two primary strategies used by malicious actors to launch successful attacks. The second and trickier strategy requires a thorough understanding of blockchain smart contracts and related components like side-chain and cross-chain wallets, as well as familiarity with several protocols. The first strategy relies on social engineering techniques like convincing a victim to send cryptocurrency to the attacker's wallet. These three notable blockchain assaults should be noted.

  4. Cyberattacks on Blockchains & Smart Contracts Wormhole It is the responsibility of blockchain developers to identify security flaws and address them before exploits are applied in actual attacks. Baiting and the Reentrancy assault are the two primary strategies used by malicious actors to launch successful attacks. The second and trickier strategy requires a thorough understanding of blockchain smart contracts and related components like side-chain and cross-chain wallets, as well as familiarity with several protocols. The first strategy relies on social engineering techniques like convincing a victim to send cryptocurrency to the attacker's wallet. These three notable blockchain assaults should be noted.

  5. Cyberattacks on Blockchains & Smart Contracts Cream Financial By taking advantage of a flaw in Cream Finance's flash loaning contract, hackers stole almost $130 million in Ethereum tokens. There are substantial drawbacks to the Cream Oracle technology and its approach to figuring out asset valuations. The attacker modified the price of the yUSD pool used as collateral, making a 1 yUSD share equal to $2 by taking advantage of the restrictions in pricing computations done by smart contracts employed by CREAM Finance's platform. One of the biggest blockchains currently in use, Binance Smart Chain, sees the daily emergence of hundreds of new projects and dApps. Get an expert Cyphershield auditor'sBSC Smart Contract Security Audit Report.

More Related