EY said it chose Ethereum instead of a private network as it is cheaper, more confidential and prevents a party from gaining a “strategic advantage” over another.
Smart Contracts News
Smart contracts are self-executing agreements with the terms of the contract directly written into code. They run on blockchain technology and automatically execute actions when predefined conditions are met, eliminating the need for intermediaries and ensuring transparency and trust in transactions.
These contracts work through if-then logic; if a particular condition is met, then a corresponding action is triggered. Specialized blockchains such as Ethereum, BNB Smart Chain and Cardano provide safe environments for the execution of smart contracts.
Smart contracts are typically written in programming languages like Solidity for Ethereum, enabling developers to create intricate business logic within the contract. Once deployed, smart contracts are immutable, meaning their code cannot be altered, ensuring the integrity of agreements. Their decentralized nature and cryptographic security make them ideal for various applications, including decentralized finance, supply chain management and voting systems, revolutionizing how agreements are made and executed in the digital age.
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The social recovery tool requires users to have first transferred all their assets to an invoker contract, which will perform all future transactions for the user.
5240Multiple users on social media claimed they had been liquidated after a Pac Finance admin wallet allegedly changed the parameters for ezETH loans without warning.
5212BlackRock USD Institutional Digital Liquidity Fund, the first tokenized fund launched by BlackRock, can now be transferred to Circle using the USDC stablecoin.
6623Smart contracts that can be turned on and off by a multisig mechanism or governance vote are potentially problematic, says Coin Center’s Peter Van Valkenburgh.
3102The ParaSwap AugustusV6 contract, which momentarily went live on March 18, contained a critical vulnerability that allowed hackers to drain funds from users who approved the upgrade.
2868Participating memecoins must have at least one security audit and open-source the project on BscScan.
2828A smart contract wallet is an app acting as a Web3 wallet using a technology called account abstraction in place of externally owned accounts (EOAs).
Gora, a decentralized blockchain oracle network that enables developers to use off-chain data in their DApps, joins the Cointelegraph Accelerator program.
13378ParaSwap has now returned assets to wallets that have revoked their permissions to the AugustusV6 smart contract, which was found to have a critical vulnerability last week.
3438Smart contract wallets promise many benefits to Ethereum users, including enhanced security capabilities and transaction programmability.
4525The devs argue that raising the gas limit to 40 million will cut Ethereum’s layer-1 transaction fees by 15%–33%.
9971ParaSwap paused the v6 API soon after discovering the vulnerability and secured the potential victims’ funds through a white hat intervention. Plans to reimburse potential victims are underway.
2675An unknown entity sold over 400 BTC in a short period of time on the BitMEX BTC/USDT spot market; BitMEX began investigating the situation internally.
27751Blockchain technology and DeFi promise a new era of digital finance but are hindered by complex user interfaces and inefficient development practices, impacting security and adoption.
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