Blockchain technology is designed to provide transparency, integrity, and resistance to unauthorized changes. But a blockchain is not automatically secure simply because it uses cryptography or decentralization. Blockchain security risks can exist at almost every layer of a blockchain ecosystem, including the consensus mechanism, network, wallets, smart contracts, exchanges, bridges, […]
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A 51% attack is a blockchain consensus attack in which an attacker or coordinated group gains enough control over a network’s consensus mechanism to influence which version of the blockchain is accepted. On a Proof-of-Work (PoW) blockchain such as Bitcoin, this generally means gaining majority control of the network’s hashing […]
Smart contracts are a core component of blockchain and decentralized applications, allowing agreements and transactions to execute automatically without a traditional intermediary. However, vulnerabilities in smart contract code can lead to unauthorized access, financial losses, data manipulation, and other serious security problems. Because blockchain transactions are generally irreversible and deployed […]
Smart contracts can automate actions on a blockchain when specified conditions are met. But code that executes automatically is not automatically a complete or legally enforceable contract. Legal risk can arise when the code, written agreement, parties’ intentions, or applicable law do not align. This guide covers common legal issues […]
The concept of “intents” is emerging as a powerful new paradigm in Web3, with the potential to fundamentally redefine the user experience. Instead of the current model, which requires users to act as a programmer and dictate the step-by-step “how” of a transaction, intents allow users to simply express their […]
