Post
Topic
Board Altcoin Discussion
Re: Renounced Contract Is a Trap
by
nelson4lov
on 01/08/2023, 22:49:54 UTC
Shitcoin devs constantly looking for new ways to get away with protocol funding. These days I don't blindly trust smart contracts until I have thoroughly gone through the contract code especially if it has been verified in an explorer.

After all, there is no short amount of scam methods involving a smart contract, a programmable contract, which some layman surely does not comprehend what it actually does or the possibility of the scheme. So it is essential to refrain from gambling around with some obscure and unknown token.

Malicious devs like that often take advantage of the fact that most users don't know the technical details about how most of the smart contract functions work. So they use it to their advantage. Access control vulnerabilities are some of the most common I've seen. If I come across any of such contracts in the future, I'd be sure to share them.