SmartState blog

March 22, 2023

Cryptocurrency exchanges. Types and comparison

A cryptocurrency exchange makes it possible to trade crypto assets. Exchanges can be divided into categories and groups according to their type. All those types have their advantages and disadvantages, after exploring which a user can make an informed choice. So, crypto exchanges can be: Centralized. One of the most common types of crypto exchanges, which resembles in a way a traditional stock exchange (the most well-known examples of them ...

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March 19, 2023

Types of most frequent smart contract vulnerabilities

It would be marvelous if there were codes without vulnerabilities. This, however, is hardly possible. Any piece of code has its issues, which need to be detected and patched, which is what smart contracts auditing is for. Smart contracts can contain vulnerabilities, and attackers would make use of them, so the consequences of possible vulnerabilities and bugs must be avoided. But what is the enemy that experts have to face?Most common types ...

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March 16, 2023

SmartState Audits Crypto Story Bank

Crypto Story Bank is a solution for transactions in crypto without conversion into fiat. A wide range of products for individuals and businesses let customers use crypto without any restrictions. The Terminal, crypto cards, credits, earning - all these tools are available in the CSB App.SmartState audits CSB SmartState methodologyThe CSB team addressed SmartState for the smart contract security audit. We have checked the contracts for the ...

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March 14, 2023

Euler hack review

Euler protocol is a lending protocol which allows users to borrow tokens with leverage. It has two tokens: EToken which represents equity and DToken which represents debt. One of attack transactions:https://etherscan.io/tx/0xc310a0affe2169d1f6feec1c63dbc7f7c62a887fa48795d327d4d2da2d6b111dVulnerability analysisSince Euler protocol is a lending protocol it has a liquidation process. However, to make liquidation process more efficient, they ...

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March 10, 2023

Blockchain technology X Music industry

The widespread and evolving practice of online music distribution has changed the way we access, consume (listen to) and perceive music. This can be explained by the digital aspect inherent to the practice. [1] The widespread adoption of Web3 is another step forward. Blockchain technology has the potential to change the traditional way of doing business in the music industry in many ways.Protecting artists X increasing revenuesToday, ...

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March 8, 2023

How to secure crypto wallets

Security is one of the main (if not the main) things, which users seek, coming into blockchain, especially when assets and data are involved. Every owner is looking for a secure wallet. That’s why some of them make the choice in favor of ‘cold wallets’ (a physical device with no direct connection to the network, however, being something like a memory stick, vulnerable to being lost or damaged). Even if the wallet has ...

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March 5, 2023

Speaking of tokenomics

Tokenomics is the interdisciplinary study of the design, distribution and economic principles behind the creation and use of tokens in a blockchain-based system. More strictly and scientifically speaking, tokenomics is the evolving field of economic coordination games in cryptographically secure P2P networks. Tokenomics encompasses the concept of economic system design and optimization to incentivize certain behavior in a community, using ...

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March 4, 2023

SmartState Audits 1inch Network

The 1inch Network brings together decentralized protocols whose synergy provides the most profitable, fastest and safest transactions in the DeFi space.The initial 1inch Network protocol is a DEX aggregator that searches transactions across multiple liquidity sources, offering users better offers than any single exchange. This protocol includes the Pathfinder algorithm, which finds the best paths between different markets through 300 ...

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March 2, 2023

Crypto scam types

Where there is money or another property there is always space for a scam. Unfortunately, nothing is still 100 percent secure on the web, especially when the human factor is involved. But is the situation inevitable and is every person is doomed to be scammed, in the crypto world, too? Not exactly. Nevertheless, one must keep on vigil. Some of the scamming schemes are old and familiar, but still functional and efficient, some of them are ...

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February 27, 2023

Distributed Denial-of-Service (DDoS) attacks on blockchain networks and how to defend against them

DDoS (Distributed Denial of Service) attacks are very common and can happen anywhere. They aim at making various network parts to stop working.. The principle involves creating a snowballing wave of queries to an on-line service to put a strain on it and until i can’t take it anymore and goes out of action. The attack may be targeting a whole infrastructure or specific services or channels in a network. The attack is committed from ...

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