What are the common mistakes to avoid when coding smart contracts for cryptocurrencies?

1 answers

• Dec 16, 2021 · 3 years ago
  One common mistake to avoid when coding smart contracts for cryptocurrencies is not properly testing the code. It's important to thoroughly test the smart contract before deploying it to the blockchain to ensure that it functions as intended and is secure. This can help prevent potential vulnerabilities and bugs that could be exploited by attackers. Another mistake to avoid is not considering the gas cost of the smart contract. Gas is the unit of computation on the Ethereum network and it is used to pay for the execution of smart contracts. Developers should optimize their code to minimize the gas cost and avoid unnecessary computations or storage operations. Additionally, it's crucial to properly handle exceptions and errors in the smart contract code. Failing to handle exceptions can lead to unexpected behavior and potential security vulnerabilities. Developers should implement proper error handling mechanisms to ensure the contract behaves as expected in different scenarios. Lastly, not following best practices and security guidelines is a common mistake. Developers should stay updated with the latest security recommendations and coding standards to ensure their smart contracts are secure and reliable. This includes using secure coding patterns, avoiding deprecated functions, and following the principle of least privilege.
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