The "code is law" concept, often attributed to American lawyer and scholar Lawrence Lessig, has gained traction in the blockchain and smart contracts realm. This notion posits that the code governing interactions within decentralized systems is the ultimate authority, superseding any other legal or ethical considerations. Although this idea may
Blockchain enables various opportunities for its users. There are many takes on how blockchain should behave and what it should offer. We see many blockchain networks in active use, like Ethereum, Polygon, NEAR, Avalanche, BSC, or Solana, each with its own value proposition. As users (and money) pour into DeFi,
Welcome to another instance of the Blood Bath report. This months we saw a fix of critical bug in OpenZeppelin [https://forum.openzeppelin.com/t/uupsupgradeable-vulnerability-post-mortem/15680] , a Supply Chain attack on SushiSwap and just yesterday we saw a Compound proposal that went wrong [https://www.rekt.news/overcompensated/]. Enough
DeFi space is growing strong and steady. TVL is growing even faster, but also the stolen value from DeFi protocols. According to DeFiPulse, the Total Value Locked in DeFi projects is roughly $90.16B. Hacks keep happening even though more projects are getting audited. For me, who audits smart contracts
As a software developer, you have by far the most possibilities for professional growth and opportunities. No matter in which direction you want to go, either as a Full DApp developer, Smart Contract Developer, FrontEnd/BackEnd, Protocol Engineer, etc. I will recommend the same start for any of you. Ethereum.
Dust didn't settle after the ThorChain was hacked yesterday. It was an interesting hack, but the reason it was possible was due to business decisions. Following last week's hack, Thorchain said it had been audited by multiple blockchain security companies to locate bugs in a given network. In a CoinDesk
Today we saw how ThorChain protocol get rekt on multiple levels. First we saw a black-hat attack the protocol and steal $8M. > THORChain has suffered a sophisticated attack on the ETH Router, around $8m. The hacker deliberately limited their impact, seemingly a whitehat. ETH will be halted until it can
What DeFi does that traditional financial institution doesn't is democratizing the access to financial instruments for everybody with internet connection and become community-owned. Currently, the most prominent DeFi products are being built on Ethereum. They are utilizing its robust smart contracts system. Smart contracts are composable, which means they can
Few days ago, Central Bank of China released a white paper for DCEP. > Breaking: The Central Bank of China released a white paper on Digital CNY (DCEP), emphasizing that one of the reasons for the launch is the challenge of cryptocurrency, and it will load smart contracts to achieve programmability.
DeFi is an ever-growing market, and apart from everybody wanting to have a piece of multi-billion dollar industry, there are chains and copycats of protocols found originally on Ethereum. Some of those copycats grew into their respective applications, but also it meant, we have multiple chains we can deploy the