Читать книгу Cryptocurrency All-in-One For Dummies - Peter Kent, Kiana Danial - Страница 154

Putting money in a DAO

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Don’t trust large sums of money to untested contracts and contracts that haven’t been fully vetted. Large contracts are more often targeted by hackers. The DAO hack described earlier in this chapter (see the sidebar, “With great power comes … great power”) showed that even well-thought-out contracts have unexpected weaknesses.

Although smart contracts and blockchains let you conduct business with anyone around the world, it’s still early days. You can mitigate your risk by working only with known and trusted parties.

The security landscape will constantly be evolving with new bugs. Reviewing all new best practices is imperative. Manage the amount of money you’re putting at risk and roll out contracts slowly and in phases. Ethereum is a fairly new technology, and mature solutions are not yet built.

Cryptocurrency All-in-One For Dummies

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