Shenyu: The industry should adopt a time lock mechanism to deal with the high-authority risks of smart contracts
Bitfish (@bitfish1) commented on the Radiant Capital security incident, saying "Why wasn't the industry standard practice of using time locks (delayed execution mechanisms) employed, especially when it comes to sensitive permissions that can manipulate funds, to ensure security?"
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Surpasses Amazon, Clinching 5th Spot as World’s Highest Valued Asset
Beyond $2 Trillion: Bitcoin's Mammoth Market Leap Casts a Spotlight on the Potential Future of Digital Assets
Unexpected Slowdown in BTC ETF Inflows Despite Bitcoin Surpassing $100K Mark
Exploring the Paradox of Weakening Inflows Amid Bitcoin's Milestone Achievement
Bitcoin Surpasses $100K, Ethereum Upgrade Spurs ETH Rally
Bitcoin & Ethereum $3 Billion Options Set to Expire Today
Trending news
MoreCrypto prices
More
