Ensuring the security of any smart contracts transaction is important because a single bug in your programmer’s code can cost you thousands or millions of dollars if it is exploited by a hacker. Though a blockchain developer or an expert will tell you that blockchains are secure, it’s a fact that the exploiters of technology grow as rapidly as technology itself. Let’s discuss in detail how Solidity developers can debug smart contracts transactions.
Although bug attacks in programming codes are becoming common, Ethereum’s DAO is a famous victim of a recent bug attack. The DAO or Decentralized Autonomous Organization codify the rules of an organization and create a structure with decentralized control by eliminating the need for keeping documents and personnel in governing.
Although blockchain smart contracts seem to be a solid and transparent system to control fraud in digital contracts, in reality, hackers have stolen nearly $2 billion worth of cryptocurrency since 2017 using a technique known as a “51% attack.”