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#smart contract audit solutions
mobiloitteinc02 · 5 months
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Smart Contract DevelopmentSolutions in USA
Discover the future of secure transactions with Mobiloitte USA's Smart Contract Development Solutions. Our expert team ensures the integrity of your blockchain applications through meticulous auditing and development. Trust in our comprehensive approach for seamless, transparent, and efficient business operations. Elevate your blockchain endeavors with Mobiloitte's innovative solutions.
https://www.mobiloitte.us/
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cyphershieldtech · 1 year
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What is a DAO and why was The DAO attacked?
The DAO and the case of the theft of 50 million dollars in Ethereum
Last July an anonymous user stole 50 million dollars in Ethereum , a cryptocurrency that has been talked about for months as an alternative to Bitcoin. The theft occurred after this person found a vulnerability in the code of a program , which was being used by thousands of investors to pool his money.
This robbery and the subsequent investigation are the stars of the first chapter of 'Insert Coin' , a new monthly section in which we will interview invited super technical specialists in matters that fascinate us in Xataka. It is a video program that you can see below.
In our first program we have the luxury of having Pablo Fernández Burgueño , a lawyer specializing in cybersecurity and entertainment law, and a passionate about cryptocurrencies. Pablo tells us in detail what exactly happened in the 'The DAO' case , how someone was able to take the money without anyone noticing and why it is still unknown who it was.
Few people can offer us such a complete account and from within what the investigation was and continues to be: the European Commission asked him for advice to find out what laws could be applied, so he is one of the people who knows the case best.
Insert Coin 1x01: 'The DAO' and the theft of 50 million dollars
Ethereum is a blockchain-based cryptocurrency like Bitcoin . When we asked Pablo about the differences between the two, he explained that "while Bitcoin tries to create a world economy, Ethereum writes computer code on the block chain and on the Internet."
These codes are called 'Smart Contracts' . As [we told you a few months ago], these "smart contracts" are a piece of code that is executed transparently to the user, and that usually includes a financial transaction . Ethereum includes the ability to create unrestricted distributed software that runs on the blockchain (i.e., on multiple computers) and that can lead to the execution of payments.
Put more simply, it is a software code that says "if this happens, do this" in a way that is distributed on the blockchain and therefore cannot be manipulated. That is why it is customary to speak of "contract" rather than "software" when referring to it.
And this type of program leads us precisely to the case of 'The DAO', an organization created by a group of developers led by Christoph Jentzsch, and which developed one of these 'Smart Contracts'. They then deployed it on the network so anyone could link Ethers to it, something up to 11,000 anonymous people from around the world did with the intention of using it for long-term savings or investment.
At this point Pablo explains that 'The DAO' was governed by his code. The code is the law, and the code of this program is the one that set the standards for everything that can be done or not done. The 11,000 people who put their money into 'The DAO' accepted the open source code of the program as the rules to be followed, without any of them realizing that there was a mistake in it.
However, there was someone who did realize that error, which allowed Ethers to be extracted without the permission of others. It was not a fine print that no one noticed, but a programming error that no one had noticed, not even its creators.
Exploiting it, this currency was withdrawing increasing amounts of cryptocurrencies until it got the equivalent of 50 million dollars. This anonymous person then posted an open note on the internet saying that everything he had done was in the code , and if they took his Ethers he would take them to court.
The code is not always the law
And this is where Pablo came into play, a blockchain specialist as well as a lawyer specializing in cybersecurity and entertainment law, as well as a regular speaker and advisor to institutions. It was he who the European Commission turned to for advice , both to explain what exactly was happening and to tell them if there was any applicable law in this case.
His response was that in this type of program, the code is not always the law , and that if 11,000 people have put money in a common fund, they have the right to recover what is theirs. Therefore, they could go to any court and be found to be right.
But the case still hasn't been solved, basically because it's not yet known who took the money . Therefore, "without knowing who to report, you cannot be successful in any judicial process," and hence the complexity of this entire case. You have no one to blame.
As the Ethereum system and its chain of blocks are set up, Burgueño tells us that today it is very unlikely that it will be possible to find out who took all that money , something that will make it very difficult for it to be carried everything to the courts and that those who invested in 'The DAO' get their money back. There have even been unsuccessful attempts to invalidate the coins that person took.
As vulnerabilities exist in the web3 spaces, Cypershield is one of the kinds of Security and Smart Contract audit company rendering exceptionally professional smart contract auditing services for varied Crypto projects. In the process of rendering your projects, full-on auditing services help you come over your smart contract vulnerabilities and reach a higher scale in the market.
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blocktech · 1 year
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cryptonbotsai · 10 months
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Introduction
In today's rapidly evolving cryptocurrency market, CryptoBotsAI is actively developing a robust foundational framework. This framework has been meticulously designed to cater to the multifaceted requirements of participants within the cryptocurrency ecosystem.
At present, the cryptocurrency landscape is characterized by a proliferation of fragmented solutions, each tailored to address specific niche needs. These solutions often focus on singular aspects of cryptocurrency trading, investment, or management. While this diversity can be beneficial, it also poses challenges for investors and industry professionals.
CryptoBotsAI recognizes a significant gap within the cryptocurrency industry—a need for a cohesive and all-encompassing framework. This framework aims to consolidate various functionalities, tools, and resources under one roof. By doing so, it streamlines the often complex and disjointed processes that investors and stakeholders face in the cryptocurrency space.
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Overview
We are developing an all-encompassing platform fueled by AI and ML, dedicated to serving crypto investors and users alike. Our platform will feature a no-code interface for creating and managing smart contracts, along with thorough auditing capabilities.
Additionally, various bots will be available to facilitate trading strategies. With these comprehensive tools and insights, we aim to simplify token creation and enhance trading approaches, offering a one-stop solution for all crypto-related requirements.
Our Website: https://www.cryptobotsai.com
Twitter: https://twitter.com/CBAIOfficial
Telegram: https://t.me/CryptobotsaiOfficial
Facebook: https://www.facebook.com/profile.php?id=61553213845457
Instagram: https://www.instagram.com/cryptobots_ai/
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wallace18811 · 5 months
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Explore BitNest Loop DeFi: Building the Financial Ecosystem of the Future
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Today, with the rapid development of financial technology, decentralized finance (DeFi) has become a force that cannot be ignored. As a rising star in the industry, BitNest Loop DeFi is redefining our understanding of financial services with its unique innovation and reliable technology solutions. This article will delve into the core functions of BitNest Loop DeFi and the diverse financial solutions it brings to users.
What is BitNest Loop DeFi? BitNest Loop DeFi is a decentralized financial platform based on blockchain technology, dedicated to providing a series of financial services, including lending, liquidity mining, trading, etc. The platform uses smart contract technology to ensure the transparency, security and efficiency of all transactions.
Core functions Decentralized Lending: BitNest Loop DeFi allows users to mortgage crypto assets to borrow other assets, providing flexible lending terms and competitive interest rates. Users can quickly obtain the funds they need without the need for traditional credit evaluations. Liquidity Mining: Users can deposit their assets into BitNest Loop’s liquidity pool to receive transaction fee sharing and platform token rewards. This not only increases the liquidity of the asset, but also provides users with opportunities for passive income. Automated Market Maker (AMM): Using algorithms to provide liquidity for transactions, users can exchange assets at any time without waiting for buyers or sellers. Decentralized governance: Users holding platform tokens can participate in the governance of the platform and vote on major updates and changes, truly achieving community-driven project development. Security and transparency Security is the most important aspect of BitNest Loop DeFi. By leveraging the Ethereum blockchain, the platform ensures that all transaction records are immutable and every transaction is publicly viewable on the chain. Additionally, the smart contract code is rigorously audited to prevent any form of security breach.
future outlook BitNest Loop DeFi is more than just a financial platform, it is also an innovative ecosystem that provides developers and users with a scalable, secure and efficient decentralized financial service platform. As blockchain technology continues to mature, BitNest Loop DeFi will continue to lead the innovation of decentralized finance, provide users with more financial tools and services, and promote the development of the entire industry.
On the road to exploring the future of finance, BitNest Loop DeFi is using technology to break tradition and provide more fair, transparent and convenient financial services to users around the world. Whether you are an investor or an everyday user, BitNest Loop DeFi deserves your attention and participation. Join us to explore the infinite possibilities of blockchain finance.
Contact Telegram; https://t.me/Rosa02b https://t.me/Rosa03c https://t.me/rosa04d
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thompson0320 · 5 months
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Explore BitNest Loop DeFi: Building the Financial Ecosystem of the Future
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Today, with the rapid development of financial technology, decentralized finance (DeFi) has become a force that cannot be ignored. As a rising star in the industry, BitNest Loop DeFi is redefining our understanding of financial services with its unique innovation and reliable technology solutions. This article will delve into the core functions of BitNest Loop DeFi and the diverse financial solutions it brings to users.
What is BitNest Loop DeFi? BitNest Loop DeFi is a decentralized financial platform based on blockchain technology, dedicated to providing a series of financial services, including lending, liquidity mining, trading, etc. The platform uses smart contract technology to ensure the transparency, security and efficiency of all transactions.
Core functions Decentralized Lending: BitNest Loop DeFi allows users to mortgage crypto assets to borrow other assets, providing flexible lending terms and competitive interest rates. Users can quickly obtain the funds they need without the need for traditional credit evaluations. Liquidity Mining: Users can deposit their assets into BitNest Loop’s liquidity pool to receive transaction fee sharing and platform token rewards. This not only increases the liquidity of the asset, but also provides users with opportunities for passive income. Automated Market Maker (AMM): Using algorithms to provide liquidity for transactions, users can exchange assets at any time without waiting for buyers or sellers. Decentralized governance: Users holding platform tokens can participate in the governance of the platform and vote on major updates and changes, truly achieving community-driven project development. Security and transparency Security is the most important aspect of BitNest Loop DeFi. By leveraging the Ethereum blockchain, the platform ensures that all transaction records are immutable and every transaction is publicly viewable on the chain. Additionally, the smart contract code is rigorously audited to prevent any form of security breach.
future outlook BitNest Loop DeFi is more than just a financial platform, it is also an innovative ecosystem that provides developers and users with a scalable, secure and efficient decentralized financial service platform. As blockchain technology continues to mature, BitNest Loop DeFi will continue to lead the innovation of decentralized finance, provide users with more financial tools and services, and promote the development of the entire industry.
On the road to exploring the future of finance, BitNest Loop DeFi is using technology to break tradition and provide more fair, transparent and convenient financial services to users around the world. Whether you are an investor or an everyday user, BitNest Loop DeFi deserves your attention and participation. Join us to explore the infinite possibilities of blockchain finance.
Contact Telegram; https://t.me/Rosa02b https://t.me/Rosa03c https://t.me/rosa04d
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rocka0206 · 5 months
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Explore BitNest Loop DeFi: Building the Financial Ecosystem of the Future
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Today, with the rapid development of financial technology, decentralized finance (DeFi) has become a force that cannot be ignored. As a rising star in the industry, BitNest Loop DeFi is redefining our understanding of financial services with its unique innovation and reliable technology solutions. This article will delve into the core functions of BitNest Loop DeFi and the diverse financial solutions it brings to users.
What is BitNest Loop DeFi? BitNest Loop DeFi is a decentralized financial platform based on blockchain technology, dedicated to providing a series of financial services, including lending, liquidity mining, trading, etc. The platform uses smart contract technology to ensure the transparency, security and efficiency of all transactions.
Core functions Decentralized Lending: BitNest Loop DeFi allows users to mortgage crypto assets to borrow other assets, providing flexible lending terms and competitive interest rates. Users can quickly obtain the funds they need without the need for traditional credit evaluations. Liquidity Mining: Users can deposit their assets into BitNest Loop’s liquidity pool to receive transaction fee sharing and platform token rewards. This not only increases the liquidity of the asset, but also provides users with opportunities for passive income. Automated Market Maker (AMM): Using algorithms to provide liquidity for transactions, users can exchange assets at any time without waiting for buyers or sellers. Decentralized governance: Users holding platform tokens can participate in the governance of the platform and vote on major updates and changes, truly achieving community-driven project development. Security and transparency Security is the most important aspect of BitNest Loop DeFi. By leveraging the Ethereum blockchain, the platform ensures that all transaction records are immutable and every transaction is publicly viewable on the chain. Additionally, the smart contract code is rigorously audited to prevent any form of security breach.
future outlook BitNest Loop DeFi is more than just a financial platform, it is also an innovative ecosystem that provides developers and users with a scalable, secure and efficient decentralized financial service platform. As blockchain technology continues to mature, BitNest Loop DeFi will continue to lead the innovation of decentralized finance, provide users with more financial tools and services, and promote the development of the entire industry.
On the road to exploring the future of finance, BitNest Loop DeFi is using technology to break tradition and provide more fair, transparent and convenient financial services to users around the world. Whether you are an investor or an everyday user, BitNest Loop DeFi deserves your attention and participation. Join us to explore the infinite possibilities of blockchain finance.
Contact Telegram; https://t.me/Rosa02b https://t.me/Rosa03c https://t.me/rosa04d
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telecombloggers · 7 months
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Amar Bahadoorsingh: Blockchain's Boost for Businesses
In a world driven by the relentless pursuit of efficiency and trust, blockchain technology has emerged as a true game-changer. Since its groundbreaking introduction in 2009, blockchain's impact on business has been undeniable. Advocates like Amar Bahadoorsingh and countless others champion its potential, and it's easy to understand why. This revolutionary technology provides a range of advantages that can transform the way companies operate.
Let's delve into the compelling reasons why blockchain continues to gain traction in the business landscape:
1. The Strength of Decentralization
The cornerstone of blockchain's appeal lies in its decentralized nature. Unlike traditional systems where power resides with a central authority, blockchain distributes control across a network of participants. This eliminates the risk of manipulation and censorship, promoting fairness and transparency. Businesses benefit from increased trust between stakeholders, removing concerns about biases that can plague centralized systems.
2. Unlocking Efficiency and Speed
Blockchain streamlines business processes by eliminating intermediaries. Transactions happen directly between the involved parties, leading to extraordinary speed and efficiency gains. Smart contracts, the self-executing contracts enabled by blockchain, further accelerate transactions. For businesses, this translates into less bureaucracy, reduced costs, and the ability to act at the speed the market often demands.
3. Unparalleled Traceability
Every transaction on a blockchain is meticulously recorded, creating an immutable audit trail. While participants remain anonymous, the record offers unparalleled visibility into the authenticity and movement of assets or data. Supply chains become transparent, counterfeit goods are easier to identify, and compliance with regulations is greatly simplified.
4. Accelerating Business Operations
Speed and efficiency are cornerstones of success in the competitive world of business. Blockchain delivers on both fronts. With automated transactions, reduced redundancies, and streamlined processes, operations are significantly accelerated. Imagine the benefits this transformation offers: faster delivery times, quicker decision-making, and the ability to respond to market shifts in real-time.
5. The Cost-Saving Advantage
Traditional payment systems incur high fees and surcharges, a persistent pain point for businesses. Blockchain offers a solution with significantly lower transaction costs. By cutting out intermediaries, businesses save money, increasing their profitability and freeing up resources to invest in innovation and growth. The financial impact of this shift can be a crucial factor in business expansion and market competitiveness.
6. Data-Driven Marketing That Delivers
In an increasingly data-driven world, blockchain presents a wealth of opportunities for marketers. The technology enables the tracking of customer information and behavior, providing valuable insights into consumer preferences. Analyzing this data helps marketers personalize campaigns, refine targeting, and generate an impressive return on investment. Blockchain's potential to improve marketing effectiveness is transforming how businesses connect with their target audiences.
The Future is Bright for Blockchain in Business
The power of blockchain to reshape businesses is undeniable. As the technology matures and adoption grows, we can expect even broader applications. Industries like healthcare, finance, logistics, and many others are already feeling the disruptive power that blockchain offers. From building bulletproof supply chains to streamlining financial processes, the possibilities are endless.
I, like many experts in the field, strongly believe that blockchain will become an indispensable tool for businesses that want to thrive in the digital age. Its ability to enhance trust, efficiency, transparency, and cost-effectiveness positions it as a critical component for future-proofing businesses worldwide.
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mobiloitteinc02 · 6 months
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Smart Contract DevelopmentSolutions in USA
Discover the future of secure transactions with Mobiloitte USA's Smart Contract Development Solutions. Our expert team ensures the integrity of your blockchain applications through meticulous auditing and development. Trust in our comprehensive approach for seamless, transparent, and efficient business operations. Elevate your blockchain endeavors with Mobiloitte's innovative solutions.
Visit: https://www.mobiloitte.us/
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cyphershieldtech · 2 years
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The Ultimate Guide to Auditing a Smart Contract + Most Dangerous Attacks in Solidity
Ever wondered how to audit a smart contract to find security breaches?
You can learn it yourself, or you can use this helpful step-by-step guide to learn exactly what to do, when and when to audit these contracts.
I've been researching various Smart Contract audits and learned the most common steps they take to extract all essential information from any contract.
You will learn the following:
Steps to take to fully audit a Smart Contract to generate a pdf with all conclusions.
The most important types of attacks you need to know about as an Ethereum Smart Contract Auditor.
What to look for in a contract and helpful tips you won't find anywhere else but here.
Let's cut to the chase and start auditing contracts:
How to audit a Smart Contract
To teach you exactly how to do this, I'm going to audit one of my own contracts. This way you will see a real world audit that you can apply for yourself.
Now you might ask, what exactly is a Smart Contract audit?
A Smart Contract audit is the process of carefully investigating a piece of code, in this case a Solidity contract for bugs, vulnerabilities and risks, before the code is deployed and used on the Ethereum mainnet where it will not be modifiable. It's just for discussion purposes.
Note that an audit is not a legal document that verifies that code is secure. Nobody can guarantee 100% that the code will not have future bugs or vulnerabilities. It's a guarantee that your code has been reviewed by an expert and is secure.
To discuss possible improvements and mainly to find bugs and vulnerabilities that might risk people's Ether .
Once that's clear, let's take a look at the structure of a Smart Contract Audit:
Disclaimer : Here you will say that the audit is not a legally binding document and that it does not guarantee anything. That this is just a discussion paper.
Audit overview and legal features : A quick overview of the Smart Contract that will be audited and best practices found.
Attacks made on the contract : In this section you will talk about the attacks made on the contract and the results. Just to verify that it is, in fact, safe.
Critical vulnerabilities found in the contract : Critical issues that could seriously undermine the integrity of the contract. Some mistakes that would allow attackers to steal Ether is a critical issue.
Medium vulnerabilities found in the contract : those vulnerabilities that could damage the contract, but with some kind of limitation. Like a bug that allows people to modify a random variable.
Low severity vulnerabilities found : These are the issues that really don't break the contract and that could exist in the deployed version of the contract.
Line-by-line comments : In this section, you'll review the most important lines where you see potential improvements.
Audit Summary : Your view of the contract and final audit findings.
Keep this structure somewhere safe because it's all you need to actually securely audit a Smart Contract. It will really help you find those hard to find vulnerabilities.
I recommend that you start with point 7 "Line-by-line comments" because by analyzing the contract line-by-line you will find the most important issues and see what is missing. What could be changed or improved.
I'll show you a Disclaimer that you can use like this for the first step of the audit. You can go to point 1 and down from there until the audit is complete.
Then I'll show you my personal audit that I did for one of my contracts using that framework with these steps. You will also see a description of the most important attacks that can be made on a Smart Contract in step 3.
Introduction
In this Smart Contract audit, we cover the following topics:
Disclaimer
Audit overview and nice features
Attack made on the contract
Critical vulnerabilities found in the contract
Average vulnerabilities found in the contract
Low severity vulnerabilities found
Line-by-line comments
audit summary
1. Disclaimer
The audit makes no representations or warranties about the usefulness of the code, security of the code, suitability of the business model, regulatory regime of the business model, or any other representations about the contracts' fitness for purpose, or their error-free status. Audit documentation is for discussion purposes only.
2. Overview
The project has only one file, the file Casino.sol, which contains 142 lines of Solidity code. All functions and state variables are well commented using the natspec documentation for the functions, which is good for quickly understanding how everything should work.
The project implements the Oraclize API to generate truly random numbers on the blockchain using a centralized service.
Generating random numbers on the blockchain is a rather difficult topic because one of the core values ​​of Ethereum is predictability, the aim of which is not to have undefined values.
Therefore, using Oraclize 's reliable number generation is considered good practice, as they generate random numbers off the blockchain . It implements modifiers and a callback function that verifies that the information comes from a trusted entity.
The purpose of this Smart Contract is to participate in a random lottery where people bet on a number between 1 and 9. When 10 people place their bets, the prize is automatically distributed among the winners. There is also a minimum bet amount for each user.
Each player can only bet once during each game and the winning number is only generated when the betting limit is reached.
nice features
The contract offers a good set of functionalities that will be useful for the whole contract:
Secure random number generation with Oraclize and proof checking in the callback .
Modifiers to verify the end game, blocking critical functions until rewards are distributed.
A fair amount of checking to verify that the wager function is used correctly.
Secure generation of the winning number only when the maximum bets have been reached.
3. Attacks made on the contract
In order to verify the security of the contract, we test various attacks to ensure that the contract is secure and follows best practices.
Re-entrance Attack
This attack consists of recursively calling the method call.value()on an ERC20 token to extract the ether stored in the contract if the user is not updating the balancesender's before sending the ether.
When you call a function to send the ether to a contract, you can use the fallback function to rerun that function until the ether from the contract is extracted.
As this contract uses transfer()instead of call.value(), there is no risk of reentrancy attacks since the transfer function only allows you to use 23,000 gas which you can only use for one event to log data and cast on failure.
That way you won't be able to call the sender function again, thus avoiding the reentrancy attack.
The transfer function is called only when distributing rewards to winners, which happens once per game, when the game ends. So there shouldn't be any problem with reentrance attacks.
Note that the condition for calling this function is that the number of bets is greater than or equal to the 10 bet limit, but this condition is not updated until the end of the function distributePrizes()which is risky because someone could theoretically be able to call this function and execute all the logic before updating the state.
So my recommendation is to update the condition when the function starts and set the number of bets to 0 to avoid calling the function distributePrizes()more times than anticipated.
over and underflows
An overflow happens when the limit of the type variable uint256, 2**256, is exceeded. What happens is that the value is returned to zero instead of increasing further.
For example, if I want to assign a value to a uint greater than 2**256, it will simply go to 0 - this is dangerous.
On the other hand, an underflow happens when you try to subtract a number greater than 0 from 0.
For example, if you subtract 0 -1, the result will be = 2**256 instead of -1.
This is quite dangerous when it comes to ether . However, in this contract there is no subtraction anywhere, so there is no risk of underflow .
The only time an overflow can happen is when bet()(betting) a number and the amount of the variable TotalBetis increased:
totalBet += msg.value;
Someone could send a huge amount of ether that would exceed the 2**256 limit and therefore make the total bet 0. This is unlikely, but the risk is there.
Therefore, I recommend using a library such as OpenZeppelin's SafeMath.sol.
It will help you make safe calculations without the risk of under or overflow .
The way you use it is by importing the library, activating it for uint256 and then using the .mul(), .add(), sub() and .div() functions. For example, the .mul(), .add(), sub() and .div() function:
import './SafeMath.sol';
contract Casino {
using SafeMath for uint256;
function example(uint256 _value) {
uint number = msg.value.add(_value);
}
}
Repeat Attack
The replay attack consists of making a transaction on a blockchain like the original Ethereum blockchain and then replaying it on another blockchain like the classic Ethereum blockchain .
Ether is transferred as a normal transaction from one blockchain to another.
Though it's not a problem anymore because since version 1.5.3 of Geth and 1.4.4 of Parity both implement Vitalik Buterin's EIP 155 attack protection
Therefore, the people who will use the contract are dependent on their own ability to stay current with these programs to stay safe.
Reorder Attack
This attack is where a miner or other party tries to "compete" with a participant in a Smart Contract by entering their own information into a list or mapping so that the attacker can get lucky in getting their own information stored in the contract.
When a user enters his bet()and the data is saved on the blockchain , anyone will be able to see which number has been wagered, simply by calling the mapping playerplayerBetsNumber .
This mapping shows which number was selected by each person. So in the transaction data you can easily see the amount of ether that was staked.
This can happen in the function distributePrizes()because it is called when the callbackrandom number generation is invoked.
Since the condition of this function is not updated until the end, there is a risk of a reordering attack.
Consequently, my recommendation is as I said before: update the number of bets condition at the start of the function distributePrizes()to avoid this kind of unforeseen behavior.
short address attack
This attack affects ERC20 tokens , it was discovered by the Golem team and consists of the following:
A user creates an ethereum wallet with a traling 0 , which is not difficult because it is just a single digit. For example: 0xiofa8d97756as7df5sd8f75g8675ds8gsdg0
Then he buys tokens , removing the last zero:
Buy 1000 tokens from 0xiofa8d97756as7df5sd8f75g8675ds8gsdg account
If the token contract has enough amount of tokens and the purchase function does not check the sender address length, the Ethereum virtual machine will just add zeros to the transaction until the address is complete.
The virtual machine will return 256000 for every 1000 tokens purchased. This is a virtual machine bug that hasn't been fixed yet, so whenever you want to buy tokens , make sure you check the address length.
The contract is not vulnerable to this attack as it is not an ERC20 token.
4. Critical vulnerabilities found in the contract
There are no critical issues in the audited smart contract.
5. Average vulnerabilities found in the contract
The function checkPlayerExists()is not constant when it should be.
Therefore, this increases gas costs each time the function is called, which is a big problem when dealing with many calls.
Make this constant and avoid expensive gas runs .
6. Low severity vulnerabilities found
You are using assert()instead of require()in all cases and at the beginning of the functions ` call back()` and pay().
Assert and require behave almost identically, but the assert function is used to validate the state of the contract after making changes, while require is usually used on top of functions to verify function input.
You are defining the variable players at the beginning of the contract, but not using it anywhere. Remove it if you are not going to use it.
7. Line-by-line comments
Line 1 : You are specifying a pragma version with the caret symbol (^) in front, which tells the compiler to use any version of solidity greater than 0,4,11.
This is not a good practice as there could be big changes between versions that would make your code unstable. That's why I recommend setting a fixed version without the accent to 0.4.11.
Line 14 : You are defining the uintvariable totalBetin the singular, which is not correct as it stores the sum of all bets. My recommendation is to change it to plural, totalBets instead of totalBet .
Line 24 : You are defining the constant variable in caps which is good practice to know that it is a fixed, unmodified variable.
Line 30 : As I said before, you are defining an unused array . playerTake it out if you are not going to use it.
Line 60 : The function checkPlayerExists()should be constant, but it's not. Because it doesn't modify the state of the contract, it makes it constant and saves some gas every time it runs.
It's also good practice to specify the type of visibility the role has even if it's the default audience value to avoid confusion. To do this, explicitly add the public visibility parameter to the function.
Line 61 : You are not checking that the player parameter is sent and well formatted. Be sure to use a require(player != endereço(0));at the top of this function to check whether an invalid address exists or not. Also check the address length to protect the code against short address attacks, just in case.
Line 69 : Again, specify the function's visibility bet()to avoid confusion and know exactly what it should be called.
Line 72 : Use require()instead of assert()to check that the function input is well-formed.
Likewise, at the beginning of functions, require() is most often used. Change all assert() at the beginning to require() .
Line 90 : You are using a simple sum on the variable msg.value. This could lead to overflows , as the value could get quite large. That's why I recommend checking for overflows and underflows whenever you're doing a calculation.
Line 98 : The function generateNumberWinner()must be built-in, as you don't want anyone running it outside of the contract.
Line 103 : You are saving the result of oraclize_newRandomDSQuery()into a bytes32 variable . It is not necessary to execute the callback function . Also, you are not using this variable anywhere. Therefore, I recommend not assigning this value and just calling the function.
Line 110 : The function ____callback()_must be external because you only want it to be called from outside.
Line 117 : This claim must be required for the reasons I explained above.
Line 119 : You are using shae()which is not good practice as the algorithm used is not exactly shae3 , but keccak256 . My recommendation is to change it to keccak256() instead, for clarity.
Line 125 : The function distributePrizes()must be built-in because only the contract should be able to call it.
Line 129 : Even though you're using a variable-sized array for a loop , it's not too bad because the amount of winners should be limited to less than 100.
8. Audit summary
In general, the code is well commented and clear about what it should do for each function.
The mechanism for betting and distributing rewards is quite simple, so it shouldn't pose any major problems.
My final recommendation would be to pay more attention to the visibility of functions, as it is very important to define who should execute the functions and to follow best practices regarding the use of assert , require and keccak .
This is a secure contract that will safely store funds while it is working.
Conclusion
That was all the auditing I did myself using the framework explained at the beginning. I hope you've learned something and are now able to securely audit other Smart Contracts.
Keep learning and improving your knowledge of contract security, best practices, and new functionality.
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mobiloitteindia · 11 months
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Smart Contract Audit and Development Services In the ever-evolving realm of blockchain technology, where security and trust are paramount, Mobiloitte emerges as your trusted guide to navigating the complexities of smart contract development and auditing. Our team of seasoned experts is dedicated to safeguarding your decentralised applications, ensuring seamless and secure operations. With Mobiloitte as your partner, you can confidently embrace the power of smart contracts, knowing that your decentralised applications are protected by proactive security measures and the expertise of industry-leading professionals.
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valentinaruth273 · 1 year
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What are the Key Features of the PancakeSwap Clone Script?
PancakeSwap clone script is a ready-made DEX solution that includes key features and functions for building a comprehensive decentralized exchange platform quickly. So, to run a profitable DEX like PancakeSwap by building a full-fledged decentralized exchange within your budget is possible with a ready-to-use and remarkable PancakeSwap script
Plurance's PancakeSwap clone script is designed to replicate the features and functionalities of the original PancakeSwap decentralized exchange (DEX). Here are some typical features of a PancakeSwap clone script:
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Token Swapping: The PancakeSwap clone enables users to quickly swap or trade tokens. It allows for the exchange of a wide range of tokens, including popular cryptocurrencies and newly launched tokens.
Liquidity Pools: By placing tokens into liquidity pools, users can participate in liquidity provision. Transactions on the exchange earn liquidity providers' fees.
Yield Farming: The PancakeSwap clone contains yield farming efficiency, which allows users to stake their tokens in liquidity pools and obtain extra tokens as a return. Users can select from a number of farming options.
Staking: The clone includes staking functionality, which allows users to lock their tokens for a specified duration of time in order to collect rewards. Staking frequently entails obtaining platform tokens or other prizes.
Decentralized Governance: The PancakeSwap clone frequently contains decentralized governance factors. Token holders have the ability to participate in decision-making processes, develop and vote on platform changes, and guide the exchange's future.
Integration with User Wallets: The clone allows for integration with a variety of user wallets, including MetaMask, Trust Wallet, and other compatible wallets, to enable seamless connectivity and transactions.
Token Listings: Users can find and trade a broad variety of tokens that are listed on the market. Token projects may apply for listing, according to the clone's listing standards and processes.
User design: The PancakeSwap clone has an intuitive interface that allows users can simply explore the exchange, analyze token information, check pool details, and make trades.
Analytics and Charts: Users can track token prices, liquidity pool performance, and historical data to make informed decisions.
Security methods: PancakeSwap clone script employs strong security methods to guarantee the protection of user funds and data, including audited smart contracts, encryption protocols, and account security features.
Fee Structure: Our PancakeSwap clone script establishes a fee structure in which transaction fees for swaps, liquidity provision, and other activities may be charged. The price range can be tailored to the needs of the clone.
Multichain Compatibility: Our PancakeSwap clone script is built to support many blockchain networks, allowing users to interact with various chains and assets.
Do you want to include additional features and functionalities based on your DEX concepts and needs? It is possible with our dynamically adaptable PancakeSwap clone script. We have more than a decade of experience in crafting unique clone scripts for various decentralized exchange models. With this rich expertise, our experts have developed a remarkable PancakeSwap script with responsive design and the trendiest technologies. Plurance is a well-known decentralized exchange clone script provider in the crypto space. As a top provider of crypto exchange clone scripts, we have extensive experience in building all types of ready-made decentralized exchange software with exceptional trading capabilities and an outstanding dashboard. Plurance offers you a cutting-edge PancakeSwap clone script that allows you to rapidly establish a decentralized exchange that is 100% similar to PancakeSwap.
To say in a nutshell, to make your decentralized exchange platform a successful one, use our multi-tested PancakeSwap clone script to develop your own blockchain-based DEX like PancakeSwap in a short span of time.
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thompson0320 · 5 months
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Bit Loop: A decentralized smart contract platform reshaping the financial ecosystem
In the digital age, decentralized finance (DeFi) has become a major trend in the financial technology sector. Bit Loop, as a cutting-edge blockchain project, offers an entirely new model of financial services through its unique decentralized smart contract platform. This article will explore in detail the core technologies, advantages, challenges and potential impact of Bit Loop on the traditional financial system.
The core technology of Bit Loop Bit Loop is a smart contract platform built on blockchain technology that achieves a high degree of decentralization and automation. Once deployed, the platform's smart contracts operate independently of the control of any creator or management team. All the code is open source and can be viewed and audited by anyone, ensuring transparency and security of the system.
Transparency and security All transactions and contract logic are recorded on a public blockchain, making every transaction traceable and transparent. This immutable nature greatly enhances trust in the platform. Users can transact directly from their personal wallets without going through any intermediary, which not only reduces transaction costs, but also reduces the risk of funds being stolen or misused.
Automated transaction processing With smart contracts, Bit Loop can automatically process transactions and revenue distribution without human intervention. Users' earnings are automatically transferred to their blockchain wallets, enabling instant liquidity and efficient management of funds.
Advantages of Bit Loop No intermediary required: Bit Loop allows users to conduct peer-to-peer transactions, eliminating intermediaries common in the traditional financial system, such as banks and payment platforms, and reducing transaction fees. Global accessibility: Anyone with an Internet connection can access Bit Loop, which has major implications for financial inclusion around the world. Censorship resistance: With no central point of control, Bit Loop operations are less susceptible to political or economic interference. Challenges faced Despite the advantages that Bit Loop brings, it also faces some challenges:
Technical barriers: For non-technical users, understanding and operating blockchain-based platforms can be difficult. Compliance issues: Decentralization can lead to regulatory compliance issues, especially when it comes to cross-border transactions and anti-money laundering regulations. Security of smart contracts: Vulnerabilities in code can lead to the loss of funds and are difficult to fix once a contract is deployed. Future outlook As blockchain technology continues to mature and society's acceptance of decentralized solutions increases, Bit Loop and similar platforms have the potential to revolutionize the way we understand and practice financial services. In the future, these platforms are able to provide more secure, transparent and user-friendly financial services, especially in providing global accessibility and low-cost services with unparalleled advantages.
As an innovative financial technology platform, Bit Loop demonstrates the possibilities of a decentralized future, challenges the boundaries of traditional financial services, and provides a more equitable and open financial ecosystem for users around the world. The roll-out of this technology will rely on continued technological innovation, the development of compliance strategies and the promotion of user education. As these challenges are overcome, we can look forward to a more free and just financial world.
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sysaler · 1 day
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1. Streamlining Procurement Processes
How Best Procurement Software Can Help Your Small Business Grow?
Best Procurement software automates the purchasing process, from requisition to payment. Instead of manually handling orders, purchase requests, and approvals, procurement software allows for:
Automated purchase orders: Create and approve orders with minimal effort.
Centralized purchasing: All procurement activities are tracked in one platform, reducing the risk of errors or duplicated orders.
Vendor management: Store vendor information in one place, enabling quicker and more accurate sourcing.
2. Cost Control and Savings
One of the major advantages of procurement software is its ability to provide clear insights into spending. Features like:
Budget tracking: Keep track of procurement costs in real-time and set budgets for specific projects or departments.
Spend analysis: Analyze purchasing data to find opportunities for savings and negotiate better deals with suppliers.
Supplier management: The software helps you maintain healthy relationships with vendors, encouraging bulk discounts or better payment terms.
3. Improved Supplier Relationships
Strong supplier relationships are key to any growing business. Procurement software helps by:
Ensuring timely payments: Automating invoicing processes ensures suppliers are paid on time, fostering trust.
Tracking supplier performance: Evaluate suppliers based on their reliability, quality, and pricing to make informed decisions.
Simplifying communication: Procurement software makes it easier to communicate directly with suppliers, reducing misunderstandings and enhancing partnerships.
4. Data-Driven Decision Making
Procurement software gives you access to valuable data, which can be used to inform strategic decisions. Key benefits include:
Real-time data access: View up-to-date procurement data to spot trends or potential issues.
Custom reports: Generate reports on spending, supplier performance, and order status, helping you plan future purchases.
Demand forecasting: Use historical data to forecast future procurement needs, ensuring that your business always has the necessary materials and resources.
5. Enhanced Compliance and Risk Management
Procurement software also ensures compliance with internal policies and external regulations. This is crucial for avoiding legal issues and managing risk effectively. Features like:
Contract management: Store and manage contracts in one place, ensuring all agreements are compliant and up to date.
Audit trails: Automatically track every transaction and decision made, providing a clear paper trail for audits.
Regulatory compliance: Ensure that all procurement processes align with industry regulations, reducing the risk of fines or legal disputes.
6. Scalability and Flexibility
As your business grows, so will your procurement needs. Procurement software is designed to scale with your company, offering flexibility as your requirements change. Features include:
Customizable workflows: Adapt the software to fit your business processes as they evolve.
Cloud-based solutions: Access procurement tools from anywhere, making it easy to manage purchasing needs even when expanding geographically.
Integration with other systems: Many procurement software solutions integrate with accounting, inventory, and ERP systems, streamlining the entire business process.
Conclusion
Procurement software can be a game-changer for small businesses looking to grow. By streamlining processes, controlling costs, improving supplier relationships, and providing data-driven insights, procurement software helps businesses operate more efficiently and strategically. For small businesses aiming to expand, investing in procurement software is a smart move that can lead to long-term growth and success.
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webllisto34345 · 2 days
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Demystifying Your Blockchain Dream: A Guide to ICO Development Services
The world of blockchain technology is brimming with innovation, and Initial Coin Offerings (ICOs) have emerged as a powerful tool for startups and established businesses alike. By leveraging ICO development services, you can unlock the potential of blockchain to raise capital, incentivize users, and fuel your revolutionary project. But navigating the complexities of ICO development can be daunting. This guide will shed light on what ICO development services entail and how Webllisto (https://webllisto.com/) can be your trusted partner in bringing your vision to life.
What are ICO Development Services?
ICO development services encompass the comprehensive process of creating and launching a successful ICO campaign. This involves a range of specialized skills and expertise across various domains:
Smart Contract Development: At the heart of any ICO lies the smart contract, a self-executing code that governs token distribution and ensures secure transactions. ICO development services provide the expertise to craft robust, secure, and auditable smart contracts that meet your specific requirements.
Token Design and Economics: Understanding the utility and value proposition of your token is paramount. ICO development services can help you design a token model that aligns with your project's goals, incentivizes early adopters, and fosters a thriving ecosystem.
White Paper Creation: A well-crafted white paper is a cornerstone of any ICO. It serves as a detailed prospectus for your project, outlining the problem your solution addresses, the technology behind it, the team's expertise, and the token's use case. ICO development services offer content creation expertise to ensure your white paper is clear, concise, and resonates with your target audience.
Website and Landing Page Development: A professional website and a dedicated landing page are crucial for showcasing your ICO and attracting potential investors. Web design and development services ensure your online presence is informative, user-friendly, and inspires trust.
Marketing and Community Building: Generating awareness and building a strong community are essential for a successful ICO. ICO development services can assist with crafting compelling marketing campaigns, engaging on social media platforms, and establishing a vibrant community around your project.
The Benefits of Utilizing ICO Development Services
Partnering with a seasoned ICO development services provider offers a multitude of benefits:
Expertise and Efficiency: Webllisto's team of blockchain experts possesses a deep understanding of the intricacies of ICO development. They can streamline the process, ensuring you navigate regulatory requirements and technical challenges with confidence.
Reduced Time to Market: Leveraging the expertise and established processes of an ICO development services provider allows you to launch your project faster, seizing crucial market opportunities.
Cost-Effectiveness: Building an in-house team for ICO development can be a significant investment. Partnering with a service provider offers a cost-effective solution, allowing you to focus resources on other aspects of your business.
Enhanced Security: Security is paramount in blockchain technology. Webllisto's developers prioritize security best practices to ensure your ICO is protected from vulnerabilities and exploits.
Why Choose Webllisto for Your ICO Development Needs?
Webllisto offers a comprehensive suite of ICO development services, tailored to your unique project requirements. Our team of blockchain enthusiasts and seasoned developers work closely with you to understand your vision and translate it into a successful ICO campaign. Here's what sets Webllisto apart:
Proven Track Record: We have a proven history of helping startups and businesses launch successful ICOs across a wide range of industries.
Transparent Communication: We believe in open communication. You'll have access to a dedicated project manager who will keep you informed throughout the development process.
Scalable Solutions: Our solutions are designed to grow alongside your project. We can support you throughout the entire lifecycle of your ICO, from pre-launch preparation to post-ICO support.
Ready to Launch Your Revolutionary Project?
The world of blockchain technology is brimming with potential. By leveraging ICO development services, you can harness its power to raise capital, incentivize users, and propel your innovative project forward. Contact Webllisto today (https://webllisto.com/) and let our experts guide you on the path to a successful ICO. Together, let's turn your blockchain dream into a reality.
Want to Learn More?
We encourage you to explore our website and resources to delve deeper into the world of ICOs and Webllisto's services. You can also reach out to our friendly team for a free consultation. Don't hesitate – the future is decentralized, and Webllisto is your partner in navigating it.
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blockcoasterrr · 3 days
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Ethereum Services: The Power of Blockchain with Blockcoaster
Ethereum Services: The Power of Blockchain with BlockcoasterIn the rapidly evolving world of blockchain technology, Ethereum has emerged as a groundbreaking platform that goes beyond cryptocurrency to enable smart contracts, decentralized applications (DApps), and a wide range of other innovations. Blockcoaster, as a leading blockchain solutions provider, offers comprehensive Ethereum services to businesses and individuals looking to leverage the power of this decentralized platform.
Why Ethereum?Ethereum is more than just a cryptocurrency; it’s a decentralized platform that enables developers to build and deploy smart contracts and DApps. Unlike Bitcoin, which is focused solely on digital currency, Ethereum allows for programmable transactions, making it the go-to platform for developing a variety of decentralized applications across industries.
Whether you're a business looking to build a decentralized finance (DeFi) platform, launch an NFT marketplace, or develop custom smart contracts, Ethereum offers the flexibility and scalability to make your project a reality.
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Key Ethereum Services Offered by BlockcoasterAt Blockcoaster, we provide a wide range of Ethereum-related services that can help you harness the full potential of the Ethereum blockchain.
1. Ethereum Smart Contract DevelopmentSmart contracts are self-executing contracts with the terms of the agreement directly written into code. Blockcoaster offers expert smart contract development services to automate processes, reduce operational costs, and enhance security. We specialise in creating robust, secure, and efficient smart contracts tailored to your specific business needs.
2. Ethereum DApp DevelopmentDecentralized Applications (DApps) are at the core of Ethereum's innovation. Blockcoaster’s DApp development services can help you build decentralized applications that offer transparency, security, and decentralisation. Whether you want to create DeFi platforms, gaming apps, or NFT marketplaces, our Ethereum experts will ensure seamless development and deployment.
3. Ethereum Token DevelopmentEthereum’s ERC-20 and ERC-721 standards have revolutionised the creation of tokens and NFTs. Blockcoaster provides Ethereum token development services to help businesses and startups launch their own tokens. We specialise in creating ERC-20 tokens, used for utility and governance within decentralized ecosystems, and ERC-721 tokens for NFTs.
4. Ethereum DeFi SolutionsAs decentralized finance (DeFi) continues to reshape the financial landscape, Blockcoaster offers DeFi development services built on Ethereum. From lending and borrowing platforms to decentralized exchanges (DEXs), we create DeFi apps that empower users to take control of their finances without intermediaries.
5. Ethereum Wallet DevelopmentSecurity is paramount in the world of blockchain. Blockcoaster develops secure, feature-rich Ethereum wallets to store, send, and receive Ethereum and ERC tokens. Our wallet solutions are designed for both individual and enterprise use, ensuring optimal security and functionality.
6. Ethereum Smart Contract AuditsSecurity is a top priority when dealing with blockchain technology. Blockcoaster offers comprehensive smart contract audit services to ensure that your Ethereum-based contracts are free of vulnerabilities. We follow strict security protocols to identify potential risks and help you mitigate them before deploying your contracts.
Why Choose Blockcoaster for Ethereum Services?
Expertise in Ethereum: Our team of blockchain experts has in-depth knowledge of the Ethereum ecosystem, ensuring that your project is in capable hands.
Comprehensive Solutions: From development to auditing and deployment, we offer end-to-end Ethereum services tailored to your needs.
Security and Scalability: We focus on building secure and scalable solutions, allowing your business to grow with confidence.
Custom Development: We understand that every business is unique, and we offer personalised Ethereum services that cater to your specific goals.
Cost-Effective: Our solutions are designed to be cost-effective without compromising on quality, making Ethereum accessible for businesses of all sizes.
Ethereum Use Cases: Industries Benefiting from Blockchain
Finance: Ethereum's DeFi platforms enable businesses to offer services like lending, borrowing, staking, and yield farming without the need for traditional banks.
Real Estate: Smart contracts can automate the buying, selling, and leasing processes, ensuring transparency and reducing paperwork in real estate.
Gaming: Blockchain-based games built on Ethereum allow players to own and trade in-game assets through NFTs.
Healthcare: Ethereum can be used to securely store and share medical records, ensuring patient privacy and reducing fraud.
Supply Chain: Ethereum’s transparency and immutability are ideal for tracking products through a supply chain, reducing fraud and increasing efficiency.
ConclusionEthereum is at the forefront of blockchain innovation, offering endless possibilities for businesses and developers. Blockcoaster’s Ethereum services are designed to help you navigate this complex ecosystem with ease. Whether you're building DApps, creating smart contracts, or launching a DeFi platform, we have the expertise and tools to make your project a success.
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