Definition ∞ Contract Security pertains to the robustness and integrity of smart contracts against vulnerabilities, exploits, and unauthorized access. It ensures that the code governing a decentralized application functions as intended without malicious interference. Maintaining high contract security is vital for protecting user funds and preserving system reliability.
Context ∞ The security of smart contracts remains a paramount concern in the digital asset sector, frequently appearing in news related to hacks and protocol failures. The current state involves continuous auditing, formal verification, and bug bounty programs to identify and fix weaknesses. A critical future development is the maturation of automated security tools and the establishment of industry-wide security standards to prevent future exploits.
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