Cryptocurrency
This Initiative Could Single-Handedly Push Ethereum to Mass Adoption
As reported by NewsBTC, “In an effort to promote safe smart contract use, a group of Ethereum startups has founded a new initiative. The Ethereum Trust Alliance (ETA) will provide smart contract ratings, informing users of an application’s reliability. “Previous examples of smart contract vulnerabilities have resulted in millions of dollars of missing funds. The ETA […]
As reported by NewsBTC, “In an effort to promote safe smart contract use, a group of Ethereum startups has founded a new initiative. The Ethereum Trust Alliance (ETA) will provide smart contract ratings, informing users of an application’s reliability.
“Previous examples of smart contract vulnerabilities have resulted in millions of dollars of missing funds. The ETA hopes to prevent similar occurring again. Good information about the trustworthiness of a smart contract may well drive Ethereum adoption going forward.
“Public blockchain projects, like Bitcoin and Ethereum, are open source. That means that any individual can inspect the code for flaws, vulnerabilities, or back doors.
“Whilst it’s true that anyone can look at the code itself, not everyone can actually understand it. Furthermore, those that can understand the purpose of an application from the code alone still might not fully grasp the implications of the different lines of code.”