Security Issues of Smart Contracts in Ethereum Platforms
Smart contracts belong to the most rapidly growing aspect of the world of cryptocurrencies. This phenomenon attracts great attention from researchers but also the business community, and the development brings daily a lot of novel applications. Smart contracts allow running contract code transparent...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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FRUCT
2021-01-01
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| Series: | Proceedings of the XXth Conference of Open Innovations Association FRUCT |
| Subjects: | |
| Online Access: | https://www.fruct.org/publications/fruct28/files/Kru.pdf |
| _version_ | 1819059516907454464 |
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| author | Tomas Krupa Michal Ries Ivan Kotuliak Kristian Kostal Rastislav Bencel |
| author_facet | Tomas Krupa Michal Ries Ivan Kotuliak Kristian Kostal Rastislav Bencel |
| author_sort | Tomas Krupa |
| collection | DOAJ |
| description | Smart contracts belong to the most rapidly growing aspect of the world of cryptocurrencies. This phenomenon attracts great attention from researchers but also the business community, and the development brings daily a lot of novel applications. Smart contracts allow running contract code transparently for all parties, without the need for a centralized authority. One of the smart contract applications is the issuance of digital assets, so-called tokens, serving as fundraising fuel for Initial Coin Offerings. ICOs bring a new easy, and bureaucracy-less way for startups to raise considerable funds from crowds with incredible speed. However, the technology hides a dark side in the form of speculative scams, hardly distinguishable from genuine fundraising activities. Evaluation audit of ICOs associated with the underlying security of smart contracts is a complex issue requiring many efforts. This paper focuses on one of the most popular blockchain frameworks, Ethereum, a prominent ICO and smart contract platform, and its dominant programming language, Solidity. |
| first_indexed | 2024-12-21T14:12:21Z |
| format | Article |
| id | doaj.art-31706b58a714483d8888a22fdbaa8791 |
| institution | Directory Open Access Journal |
| issn | 2305-7254 2343-0737 |
| language | English |
| last_indexed | 2024-12-21T14:12:21Z |
| publishDate | 2021-01-01 |
| publisher | FRUCT |
| record_format | Article |
| series | Proceedings of the XXth Conference of Open Innovations Association FRUCT |
| spelling | doaj.art-31706b58a714483d8888a22fdbaa87912022-12-21T19:01:01ZengFRUCTProceedings of the XXth Conference of Open Innovations Association FRUCT2305-72542343-07372021-01-0128120821410.23919/FRUCT50888.2021.9347617Security Issues of Smart Contracts in Ethereum PlatformsTomas Krupa0Michal Ries1Ivan Kotuliak2Kristian Kostal3Rastislav Bencel4Slovak University of Technology, SlovakiaSlovak University of Technology, SlovakiaFIIT STUBA, SlovakiaFaculty of Informatics and Information Technologies / Slovak University of Technology in Bratislava, SlovakiaFIIT STU, SlovakiaSmart contracts belong to the most rapidly growing aspect of the world of cryptocurrencies. This phenomenon attracts great attention from researchers but also the business community, and the development brings daily a lot of novel applications. Smart contracts allow running contract code transparently for all parties, without the need for a centralized authority. One of the smart contract applications is the issuance of digital assets, so-called tokens, serving as fundraising fuel for Initial Coin Offerings. ICOs bring a new easy, and bureaucracy-less way for startups to raise considerable funds from crowds with incredible speed. However, the technology hides a dark side in the form of speculative scams, hardly distinguishable from genuine fundraising activities. Evaluation audit of ICOs associated with the underlying security of smart contracts is a complex issue requiring many efforts. This paper focuses on one of the most popular blockchain frameworks, Ethereum, a prominent ICO and smart contract platform, and its dominant programming language, Solidity.https://www.fruct.org/publications/fruct28/files/Kru.pdficosoliditysmart contractsethereumsecurity |
| spellingShingle | Tomas Krupa Michal Ries Ivan Kotuliak Kristian Kostal Rastislav Bencel Security Issues of Smart Contracts in Ethereum Platforms Proceedings of the XXth Conference of Open Innovations Association FRUCT ico solidity smart contracts ethereum security |
| title | Security Issues of Smart Contracts in Ethereum Platforms |
| title_full | Security Issues of Smart Contracts in Ethereum Platforms |
| title_fullStr | Security Issues of Smart Contracts in Ethereum Platforms |
| title_full_unstemmed | Security Issues of Smart Contracts in Ethereum Platforms |
| title_short | Security Issues of Smart Contracts in Ethereum Platforms |
| title_sort | security issues of smart contracts in ethereum platforms |
| topic | ico solidity smart contracts ethereum security |
| url | https://www.fruct.org/publications/fruct28/files/Kru.pdf |
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