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Xnews: Ethereum Smart May Pose Risks to the Ethereum Ecosystem

The research of the Northeastern University and the University of Maryland on October 3 ethereum smart contracts may threat ethereum blockchain ecosystem.

  • Xnews: Ethereum Smart May Pose Risks to the Ethereum Ecosystem
The study was partially assisted by the U.S National Science Foundation, it has analyzed the ethereum smart contracts’ bytecodes during its initial 5 million blocks, which covers a three-year time period from the onset of the cryptocurrency in 2015.

The researchers have also stored and altered the information through Ethereum’s virtual machine so as to log all the interactions between the contracts and their customers.

The study says that the Ethereum smart contracts are three times more apt to be developed by other contracts than by the users. Additionally, approx. 60 percent of the contracts have never been communicated with, and less than 10 % of the users-based contracts are distinctive. The research led by the analysts described that there is the substantial reuse of the code on the ethereum which can have an impact on the whole ethereum customer base.

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