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What are smart contracts? Smart contracts are digital contracts that automatically execute financial transactions once specific terms and conditions are met. Smart contracts make up the foundation of decentralized finance. The significant benefits of smart contracts are speed, efficiency, accuracy, trust, transparency, security, and savings. Most transactions on the blockchain
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What is a penetration test? A penetration test (ethical hacking) can be defined as an authorized cyberattack launched as part of a security audit to look at the system from a hacker’s perspective. Pentest reports are used to remediate discovered vulnerabilities to secure the system controls. Black Box Testing
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PoW and PoS are the most popular consensus mechanisms used in the blockchain. This article will explain the consensus mechanism, describe PoS and PoW, and explain their differences. Consensus Mechanism Proof of work (PoW) and proof of stake (PoS) are the two most widespread consensus mechanisms in the blockchain. A
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After endless rounds of prototyping, you might think that your iOS app is finally ready to be taken off the ground to start creating optimal user experiences. What about vulnerabilities? Whatever it takes, you need to make sure that no bad actor will be able to harvest user-sensitive data through
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Blockchain engineer salary and how to become a blockchain engineer? Who is a blockchain engineer? A blockchain software engineer is a person in charge of developing and implementing blockchain technology in Web 3.0 projects. Their primary responsibility is to create/maintain a system connecting their organization's assets
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Web Application Security, or Web AppSec in short, is one of the most widely used jargons in the cybersecurity industry for a very good reason. However, to understand why the tech community is so concerned about web application security, we must take a step back and look at how the
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Errare humanum est, but a single typo in the code can translate into millions of dollars in losses. In this respect, smart contracts are as prone to errors as any other software. In 2021 alone, $680 million of blockchain-based digital assets secured by smart contracts were lost due to code
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Black Box Meaning: Penetration Testing from an end-user perspective Black box means mystery. In software development, black box refers to a testing method where the tester does not know the internals of the tested software. Testing happens without understanding the internal code structure and systems architecture, just like the external
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Ethical hacking is an authorized use of malicious attacks to gain unauthorized access to software application or data. Ethical hackers compete for a bounty. Their goal is to identify bugs in web, modile, desktop apps. In Web 3.0, targets also include blockchains, smart contracts, wallets, platforms, protocols, DEX/CEX,
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At the time of the rapid digital transformation of the global economy, companies communicate with their clients either through social media channels or using their websites. By opening the company’s website users can view all recent updates, buy products or services, contact the company’s representatives, get special offers,
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While DeFi is often hailed as the future of finance, it's not immune to risks. In fact, the world of decentralized finance is facing an ongoing challenge with DeFi token and protocol vulnerability. From January to May 2022 alone, DeFi hacks resulted in over $1.4 billion in
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Hacken auditors provided the most comprehensive recommendations for individuals interested in pursuing a career as a smart contract auditor.