Potential Security Threats In Smart Contracts & How To Tackle Them

  • Few security threats in the smart contract:

    Undoubtedly, smart contracts make the show run in the blockchain. So it is imperative to be strongly secure. But sometimes, those secured contracts can be exposed to a few vulnerabilities.

    Here are the few kinds of security threats that smart contract development services are open to:

    Operational risks
    This threat occurs at the authorization feature level with bad network governance. This risk can cause modifying the functionality of assets, self-destructing functions, etc.

    Implementation risks
    This threat causes unintended smart contract behavior like unauthorized transfers.

    Design risk
    If the default features are mishandled, there will be an intended execution of smart contracts. This can result in asynchronous transaction processing and untrusted control flow.