An Analysis of Smart Contracts Security Threats Alongside Existing Solutions

Abstract

Smart contracts have gained a lot of popularity in recent times as they are a very powerful tool for the development of decentralised and automatic applications in many fields without the need for intermediaries or trusted third parties. However, due to the decentralised nature of the blockchain on which they are based, a series of challenges have emerged related to vulnerabilities in their programming that, given their particularities, could have (and have already had) a very high economic impact. This article provides a holistic view of security challenges associated with smart contracts, as well as the state of the art of available public domain tools.