A Study on the Secure Coding Rules for Developing Secure Smart Contract on Ethereum Environments

Abstract

Smart contract-based development of decentralized applications is increasing with the development of blockchain technology. Although blockchainbased smart contracts are expected to revolutionize the digital economy, several security issues need to be addressed before this technology can be used reliably. The recent discovery of security weaknesses in Ethereum smart contracts questions the reliability of smart contracts. Therefore, there is a need to create and diagnose security weaknesses in Ethereum smart contracts to mitigate security risks. In this study, we assessed the potential security weaknesses of running smart contracts on Ethereum.