Over 34.000 Smart Contracts with security bugs

in smartcontacts •  7 years ago 

According to this paper:
https://arxiv.org/pdf/1802.06038.pdf

34k Smart contract have security issues, bugs and are considered a threat.

But the real issue is, that currently no one knows a lot about Smart Contracts.
They are new in the IT business.
Meaning, no one has an idea, how to audit them.

What they did was just poiking 1 million SC and looking at the results.
34k were bad.
But this is not a real audit, this is just trial and error.

Lucky for Steem, Smart Contracts are not implemented here.

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