The existence of the smart contract

2 509

In a few days, there will be a merge on Ethereum. And when it comes to this one coin, surely many people know the term smart contract which became the forerunner to the birth of tokens that have been present in the crypto world so far. The conditions for these tokens vary, based on the vision of each developer creating. But of course, some can be said to be successful and some can be said to be charred without a trace.

Image by Miloslav Hamřík from Pixabay 

Smart contracts provide convenience in the world of cryptocurrency in terms of development and the goal of increasing the blockchain systematics built by Ethereum in the first place. On the other hand, it has also become a boomerang in the statistics of the movement of fraud and hackers. Being one of the holes that are often the main target for 2 types of activities that are very bad in the computerized world.

Apart from that, many eventually follow in the footsteps of the systematics run by Ethereum. Build your own ecosystem with the presence of smart contracts in it. Such as Polygon, Binance, Tron, Fantom, and many more. But on the one hand, there is still the problem of the gap that exists from the presence of smart contracts like what happened on the Ethereum network.

Whether it can be said to be a weak point or a target point, the existence of smart contracts is indeed an easy path for fraud and hacking activists. There are so many scam projects created, and so many hacks that occur from the attack side that occur especially in the vulnerabilities that are attacked on the side of the existence of the smart contract. Which becomes strange as usual when you look at these two problems. The word subscription is not an answer that must be done, because this is a strong basis for the presence of a project, it is clear that it will always need it. The point of lag, as well as the point of people playing, or purely breaking into an existing gap occurs over and over again from year to year.

What is very controversial is still in a network that is happening. What can happen if later the bridges between networks are connected to one another, where there will be many gaps created so that the user's security problems are at stake?

Smart contracts can indeed be said according to their name but unfortunately, they are not as smart as handling and handling them. Especially if we discuss the purpose of this smart contract. Even though in the beginning it became a moment of farewell to differences of opinion at the beginning of the presence of smart contracts. The funny thing is that at this time, those who were not in line even followed and took that step. Cryptocurrency is still too early to be safe if it continues like this. And if security is still a disaster, it will be difficult to penetrate the limits of currency rejuvenation according to the times. It also has a negative impact on the user's view basically for coins that run outside the corridor of present tokens. So if it can be said that it is not generating value, the main purpose of crypto being created but slowing down the crypto ecosystem can be accepted by the wider community. So it's worth asking if this project is Smart or Smarter.

-===-

19
$ 11.01
$ 10.67 from @TheRandomRewarder
$ 0.05 from @gertu13
$ 0.05 from @ARTicLEE
+ 7
Sponsors of Alther
empty
empty
empty

Comments

I have limited idea about this but I wonder what would be the solution for the problems you have posed?

$ 0.02
1 year ago

Although I don't know much about smart contracts, as a matter of fact I only know smartBch. All I care about is writing 😄But surely I have definitely learnt a thing or two from your article

$ 0.02
1 year ago