Smart contract security is a serious problem today. Security flaws, misbehavior, and inefficiency are very expensive when you deploy a Smart Contract to the Blockchain. Companies are especially concerned about their Smart Contract code because once it is run, there is no turning back (they are irreversible) and money can be stuck in the blockchain and lost forever. Thus, to make sure their code is written correctly, these enterprises usually hire well known external auditors (like Coinfabrik) because they know that a problem in their code could cost a lot more money if they skip the audit. Since Smart contracts are used to move, store, distribute funds, errors in smart contract code and design must be minimized. Furthermore, since the appearance of the ICOs in the past few years and with their boom in 2017 and 2018, the smart contract security audits have become one of the most ordered services in the blockchain industry.
Coinfabrik has been hired to audit the smart contracts for Stasis sale, the Stable Euro Token.
Firstly, we wrote a brief summary with our discoveries. After that, we addressed the detailed findings and what are the enhancements we propose to improve the code. And at the end, we wrote the conclusion with the most important issues to correct if there were any, and how we considered the code after being analyzed by our team.
Coinfabrik has been hired to audit the contracts for the Casper Token sale. Firstly, we will provide a summary of our discoveries and secondly, we will show the details of our findings. Summary The contracts audited are from the presale repository at https://github.com/Casper-dev/presale. The audit is based on the commit 3c66514423277c39bea26e62a7de47d51d712108 from branch feat/presale. This […]
Lately, lots of posts have been talking about how traders get rich from arbitrage opportunities in the crypto market. I have been trying to do arbitrage for months, but I could never obtain a profitable strategy. Therefore, I will tell you here the problems I found while attempting to do it. This might be helpful […]
CoinFabrik was asked to audit the contract for the DreamTeam token and token sale (previously audited). Firstly, we will provide a summary of our discoveries and secondly, we will show the details of our findings. Summary The contract audited is in the DreamTeam repository at https://github.com/dreamteam-gg/smart-contracts. The audit is based on the commit 616ed2538526001d25b75680e4d3bd8f3c4deac2, and […]
Coinfabrik was asked to audit the contracts for the CryptoCup ERC721 Token. Firstly, we will provide a summary of our discoveries and secondly, we will show the details of our findings.
The most important benefit that Bitcoin and Blockchain Technologies have brought to us is a low-entry barrier to deploy our own currency and financial ledger. This means that, now, we can easily implement the concepts of Free Banking.
In my last article, I’ve shown you how to make a Solidity ERC20 Token for the RSK Mainnet, how to import and use OpenZeppelin libraries and contracts, and how to use Truffle to deploy and interact with our contract.
Although we succeeded in our quest and accomplished our objectives using Truffle, eventually this suite might present failures when you are sending transactions, deploying or managing accounts. In our case, while following the previous article instructions, I’ve had problems managing newly created accounts in Truffle and sending transactions.
In the last article, we have seen how to build an RSK node in our computer, select the proper network for development, configure Truffle to connect and deploy our future contracts, add accounts to our node and obtain funds to use them to pay the gas.
You should have now your node in the selected network fully synced, and at least one account with funds configured in the truffle and RSK node config files for our deployments.
In this article, we’ll be discussing deployment and interaction of Smart-Contracts over the RSK network. Our contract will be an ERC20 Token, based on the OpenZeppelin libraries, and we will deploy it directly into the Mainnet.
These last years there has been growth in Smart Contracts development, predominantly in the Ethereum blockchain. Ethereum, being a different type of blockchain than Bitcoin, can execute concise lines of code inside its chain, a job that Bitcoin (specifically designed to send transactions easily) can’t do. Here is where RSK intervenes building a sidechain tied up to Bitcoin through a 2-Way Peg system, managed by the Federation Partners, that makes code execution possible. Instead of designing a new programming language for developing Smart-Contracts, they used Solidity, the same language that Ethereum uses. This has two benefits: not only programmers won’t have to learn a new skill but also contracts in the Ethereum network could be deployed in RSK without much effort, taking advantage of the vast market capitalization Bitcoin has.
Coinfabrik team has been hired to audit Etherparty smart contracts. Firstly, we will provide a summary of our discoveries and secondly, we will show the details of our findings.
Coinfabrik has been hired to audit the contracts for the Inbest Token sale. Firstly, we will provide a summary of our discoveries and secondly, we will show the details of our findings.