Fixing a bug in traditional software development is often likened to solving a difficult puzzle, each presenting its own challenges. This task has always been complex and time-consuming. However, resolving bugs in a blockchain system is even more demanding due to its transparent & permissionless nature and the high stakes involved with users' funds.
Infiltrating the EVM-I: Demystifying Smart Contracts & Auditing comprises of information about compilation breakdown of solidity code, the vulnerable components of blockchain ecosystem and how Smart contract auditing is crucial.
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Web 3.0 is a semantic web where it promises to establish information in a better-existing way than any current search engine can ever attain. Web 3.0 promotes four concepts which mainly are authenticity, i.e, every piece of information existing on the internet is a fact or derived from a fact. Integrity, willingness to abide by moral principles, and ethical values. Transparency, the data present on the internet is accessible for every user to witness. Lastly, Confidentiality which is achieved by Blockchain technology, where every user’s identity is anonymous, making it secure.
Blockchain Trilemma - coined by Vitalik Buterin himself, is a condition in which the blockchain undergoes a compromising stage. It is truly believed that a fully decentralized network can never be scalable and secured at the same time.
Consensus algorithms are undoubtedly a major building block of blockchain technology. By definition, no single party can control the operation of a blockchain network, so consensus algorithms are relied on to achieve a common agreement.
omposable smart contracts bring about certain problems in particular during the auditing phase. One of these is the hindering of end-to-end (E2E) testing. Often it is the case that for calling even just one function of a composable smart contract, multiple other contracts are required to be deployed.
Creating an internet owned by no one yet contributed to by everyone is bound to have problems related to security- something many believe that the builders of Web3 may not be equipped with.
