Smart Contract Security Vulnerabilities

Ruhi Taş

Article Details

Smart Contract Security Vulnerabilities

Authors:

Ruhi Taş

Publisher:

Erzincan Binali Yildirim University

Main Topics:

Mühendislik

Journal:

Erzincan Üniversitesi Fen Bilimleri Enstitüsü Dergisi Vol.16 Issue 1, pp.196-211

Document Type:

Article

Publication Date:

3/2023

Document Language:

English

Document ID (Org No.):

2001286804

pISSN:

2149-4584

Keywords:

Abstract:

 A smart contract is a concept of computer protocols that helps to facilitate blockchain technology. This blockchain-based smart contract is a public ledger of all participating transactions. It is considered a self-executable application and contains predetermined rules. It also operates by decentralizing networks that are shared between all parties, and this execution of contracts between parties could be securely done without a middleman or a third party. With blockchain technology, developers could provide an efficient framework and ensure security issues. While the new blockchain has successfully been developed to prevent the problems of fraud and hacking, there is still a considerable risk concerning security and confidentiality. Therefore, we should not underestimate this matter. This study aims to review the potential risks that may take place on blockchain-based smart contracts. In addition, the options that may assist application developers in order to provide viable guidance, and to avoiding these security vulnerabilities.

 A smart contract is a concept of computer protocols that helps to facilitate blockchain technology. This blockchain-based smart contract is a public ledger of all participating transactions. It is considered a self-executable application and contains predetermined rules. It also operates by decentralizing networks that are shared between all parties, and this execution of contracts between parties could be securely done without a middleman or a third party. With blockchain technology, developers could provide an efficient framework and ensure security issues. While the new blockchain has successfully been developed to prevent the problems of fraud and hacking, there is still a considerable risk concerning security and confidentiality. Therefore, we should not underestimate this matter. This study aims to review the potential risks that may take place on blockchain-based smart contracts. In addition, the options that may assist application developers in order to provide viable guidance, and to avoiding these security vulnerabilities.

 A smart contract is a concept of computer protocols that helps to facilitate blockchain technology. This blockchain-based smart contract is a public ledger of all participating transactions. It is considered a self-executable application and contains predetermined rules. It also operates by decentralizing networks that are shared between all parties, and this execution of contracts between parties could be securely done without a middleman or a third party. With blockchain technology, developers could provide an efficient framework and ensure security issues. While the new blockchain has successfully been developed to prevent the problems of fraud and hacking, there is still a considerable risk concerning security and confidentiality. Therefore, we should not underestimate this matter. This study aims to review the potential risks that may take place on blockchain-based smart contracts. In addition, the options that may assist application developers in order to provide viable guidance, and to avoiding these security vulnerabilities.

 Akıllı sözleşme, blok zinciri teknolojisini kolaylaştırmaya yardımcı olan bir bilgisayar protokolleri kavramıdır. Bu blok zinciri tabanlı akıllı sözleşme, katılan tüm işlemlerin halka açık bir defteridir. Kendi kendine çalıştırılabilir bir uygulama olarak kabul edilir ve önceden belirlenmiş kurallar içerir. Ayrıca, tüm taraflar arasında paylaşılan ağları merkezi olmayan hale getirerek çalışır ve taraflar arasındaki bu sözleşmelerin yürütülmesi, bir aracı veya üçüncü bir taraf olmadan güvenli bir şekilde yapılabilir. Blockchain teknolojisi ile geliştiriciler verimli bir çerçeve sağlayabilir ve güvenlik sorunlarını sağlayabilir. Yeni blok zinciri, dolandırıcılık ve bilgisayar korsanlığı sorunlarını önlemek için başarıyla geliştirilmiş olsa da, güvenlik ve gizlilik konusunda hala önemli bir risk var. Bu nedenle bu konuyu hafife almamalıyız. Bu çalışma, blockchain tabanlı akıllı sözleşmelerde yer alabilecek potansiyel risklerin incelenmesi amaçlamaktadır. Ayrıca geliştiricilere rehberlik ederek, olası güvenlik açıklarından kaçınmak için uygulama geliştiricilere yardımcı olunması sağlanmıştır.

Article Details

Smart Contract Security Vulnerabilities

Authors:

Ruhi Taş

Publisher:

Erzincan Binali Yildirim University

Main Topics:

Mühendislik

Journal:

Erzincan Üniversitesi Fen Bilimleri Enstitüsü Dergisi Vol.16 Issue 1, pp.196-211

Document Type:

Article

Publication Date:

3/2023

Document Language:

English

Document ID (Org No.):

2001286804

pISSN:

2149-4584

Blockchain

Smart Contract

Vulnerability

Ethereum

Solidity

Blok zinciri

Akıllı sözleşmeler

Zaafiyet

Ethereum

Solidity

Issues

Article Details

Authors: Ruhi Taş

Publisher: Erzincan Binali Yildirim University

Main Topics: Mühendislik

Journal: Erzincan Üniversitesi Fen Bilimleri Enstitüsü Dergisi Vol.16 Issue 1, pp.196-211

Document Type: Article

Publication Date: 3/2023

Document Language: English

Document ID (Org No.): 2001286804

pISSN: 2149-4584

Issues

Authors:

Ruhi Taş

Publisher:

Erzincan Binali Yildirim University

Main Topics:

Mühendislik

Journal:

Erzincan Üniversitesi Fen Bilimleri Enstitüsü Dergisi Vol.16 Issue 1, pp.196-211

Document Type:

Article

Publication Date:

3/2023

Document Language:

English

Document ID (Org No.):

2001286804

pISSN:

2149-4584