The Evolution of Smart Contract Design Paradigms and Zentra's Innovations Ethereum's Smart Contract Paradigm Ethereum's smart contract design paradigm has set the standard for the blockchain industry with its simplicity and ease of use. Its core features include: > Data and address binding: Smart contract addresses store both data and code, simplifying the development process. > Immutability: Once deployed, the contract code cannot be changed, ensuring transparency and trust. > Interoperability: Contracts can hold assets like personal addresses and define asset operation logic through code. Although Ethereum's paradigm far exceeds the passing mark in functionality, its design also has significant issues, especially with the ERC20 standard. The ERC20 token has given rise to the so-called "dark forest" phenomenon: > Safe entry, dangerous depths: Well-known tokens like WETH, USDT, and USDC have been extensively validated and are relatively safe. However, many smart contracts deep...
Evolution of Smart Contract Design Paradigms and Zentra's Innovations Ethereum's Smart Contract Paradigm Ethereum's smart contract design paradigm has set the industry standard with its simplicity and ease of use. Its core features include: >Data and Address Binding: Smart contract addresses store both data and code, simplifying the development process. >Immutability: Once deployed, contract code cannot be modified, ensuring transparency and trust. >Interoperability: Contracts can hold assets like personal addresses and define asset operations through code. While Ethereum's paradigm is functionally robust, it has notable flaws, particularly with the ERC20 standard, which has given rise to the "dark forest" phenomenon: >Safe Entry, Treacherous Depths: Well-known tokens like WETH, USDT, and USDC are thoroughly vetted and considered safe. However, deeper in the ecosystem, many smart contracts may harbor risks. >Lack of Code Transparency: Ethereum does not mandate open-source contract...
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