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SlowMist Team: ERC404 is not a mature standard yet, and its mechanism may bring new security risks

SlowMist Team: ERC404 is not a mature standard yet, and its mechanism may bring new security risks

2024/02/09 02:42

Founder of SlowMist, Yu Xian, posted on platform X, stating, "The new mechanism will definitely bring new security risks. If a protocol does not handle the dual-sided coin mechanism like ERC404 well, it may lead to unexpected consequences. Also worth noting is that ERC404 is not yet a mature standard. After reviewing the contract codes of several projects, there may be some modifications made. Therefore, this is also a possible risk - security risks caused by differences."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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