A smart contract is a self-executing computer program with the terms of the agreement written directly into lines of code. It is stored and replicated on a blockchain network. Smart contracts enable ...

Second, and more importantly, smart contract code, like any computer code, cannot capture many of the nuances and subtleties that are captured by the written word.

This scenario between Bob and Alice is a basic example, but it gets to the essence of smart contracts. A smart contract is a collection of code and data that resides on a distributed ledger ...

A smart contract is code, just like any other software that runs on computers. However, a few factors make smart contracts more sensitive from a security perspective.

Examples of Smart Contracts Numerous Industry Uses. Smart contracts might be commonly associated with decentralized finance applications, but that is far from their only purpose.

Smart contracts allow for the tokenization of everything, including real estate, experiences, ownership rights to real-world assets, intellectual property, content creation, and credentials.

For example, in 2016, cybercriminals hacked the decentralized autonomous organization The DAO and stole millions of dollars worth of Ethereum by exploiting vulnerabilities in the smart contract code.

A smart contract security audit is a complete review to find and fix vulnerabilities in the code to protect against hacks and failures. Regular auditing is critical for robust security while also ...

Smart contracts represent computer codes ensuring that when both parties meet the terms of the contract they will execute automatically, allowing for trustless, peer-to-peer transactions.

Discover common vulnerabilities affecting smart contracts and uncover effective strategies to detect and mitigate them.