Exploring Vulnerabilities and Concerns in Solana Smart Contracts

Abstract

The Solana blockchain was created by Anatoly Yakovenko of Solana Labs and was introduced in 2017, employing a novel transaction verification method. However, at the same time, the innovation process introduced some new security issues. The frequent security incidents in smart contracts have not only caused enormous economic losses, but also undermined the credit system based on the blockchain. The security and reliability of smart contracts have become a new focus of research both domestically and abroad. This paper studies the current status of security analysis of Solana by researching Solana smart contract security analysis tools. This paper systematically sorts out the vulnerabilities existing in Solana smart contracts and gives examples of some vulnerabilities, summarizes the principles of security analysis tools, and comprehensively summarizes and details the security analysis tools in Solana smart contracts. The data of Solana smart contract security analysis tools are collected and compared with Ethereum, and the differences are analyzed and some tools are selected for practical testing.