Smart contract exploits are security breaches that occur when vulnerabilities in the code of a smart contract are leveraged by malicious actors. These exploits can lead to the unauthorized transfer of digital assets, disruption of service, or other detrimental outcomes. They represent a significant risk within the decentralized application ecosystem.
Context
The current focus in smart contract exploits is on sophisticated reentrancy attacks, integer overflow/underflow vulnerabilities, and economic exploits targeting DeFi protocols. The rapid pace of smart contract development often outpaces thorough security auditing. Future developments will likely involve greater reliance on formal verification methods, advanced static and dynamic analysis tools, and improved post-deployment monitoring for anomalous contract behavior.
This research establishes a foundational theory for Maximal Extractable Value, enabling rigorous security proofs and clearer distinction between beneficial and exploitative value extraction in decentralized systems.
This research establishes a formal theory of Maximal Extractable Value, providing a foundational model for analyzing and proving blockchain security against economic attacks.
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