Tackle the Smart Contract Vulnerabilities

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Author(s): Parthasarathi R. (Delhi University, India)and Puneet Kaushal (Lucideus Technologies, India)
Copyright: 2020
Pages: 13
Source title: Encyclopedia of Criminal Activities and the Deep Web
Source Author(s)/Editor(s): Mehdi Khosrow-Pour D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-5225-9715-5.ch062

Keywords: Criminal Science and Forensics / Criminology & Victimology / Information Science Reference / Social Sciences & Humanities

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Abstract

A smart contract is a computerized transaction protocol that executes the terms of a contract in a trusted decentralized manner, meaning the execution of this contract is no more dependent on one single party or a node and the execution is immutable. This key core idea also leads to many vulnerabilities, which in turn results in huge financial loss to the consumers. The main objective of this article is to cover the various common vulnerabilities stages from development to implementation and proposed some of the best-recommended practices to tackle the above mentioned potential security risks.

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