The risk cluster and prevention measures of smart contracts operation
Smart contracts differ from traditional contracts in their formation and execution processes,and their unique operational mechanisms introduce distinct risk clusters.In the contract formation stage,there are clusters of risks related to code language compatibility,code language modification,and code language interpretation.During execution,clusters of risks include contract termination,transaction transparency,and condition assessment risks.From a technical perspec-tive,risk clusters include decentralized structure regulatory risks,contract code security risks,and off-chain information observation risks.Risk prevention and control measures can address these clusters by utilizing approaches such as proac-tive alerting and post-incident remedies,tiered smart contract classification,and establishing a textual contract bridge to mitigate formation stage risks.For execution risks,measures like shortening or limiting the duration of automated execu-tion,ensuring a"right to be forgotten"for transaction parties,and combining third-party and machine verification can be effective.To address technical risks,strategies such as establishing a three-tier supervisory system(platform-compiler-contract parties),implementing self-recovery mechanisms in code,parallel code execution with consensus protocols,limiting smart contract environments,and adding third-party monitoring can serve as effective defenses.
smart contractsrisk clustersrisk prevention and control
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