AVES IS MOST SECURED CHAIN IN CRYPTO WORLD!
HERE IS EXPLANATIONS:
Original Ethereum Vulnerability:
One of the features of Ethereum smart contracts is the ability to call and utilize the code of other external contracts. Contracts, in many cases, send ether to various external user addresses. The operation of calling external contracts, or sending ether to an address, requires the contract to submit an external call. Cybercriminals can exploit these external calls by forcing the contract to execute and call back to itself (using a fallback function). This leads to "re-entrancy" attacks, where the execution of the code "re-enters" the contract.
An attacker may construct a malicious contract at an external address with harmful code in the fallback function. Such contracts can make a recursive call back to the original function in an attempt to drain funds. If the contract fails to update its state before sending funds, the attacker can continuously call the withdraw function to drain the contract's funds.
How Aves Chain Mitigates This Vulnerability:
Aves Chain offers several advantages that help mitigate this vulnerability by addressing the fundamental conditions that make such attacks easier on Ethereum:
Lower Gas Fees: One of the key benefits of Aves Chain is its significantly lower gas fees compared to Ethereum. In the case of re-entrancy attacks, the attacker often relies on multiple calls to exploit the contract in a rapid and repetitive manner. A lower gas cost on Aves means that attackers would have to spend more to make numerous calls, which could make such attacks less financially viable or deter malicious actors altogether.
Lower Transaction Fees: On Aves, transaction fees are much lower, which reduces the impact of executing a large number of operations or recursive calls. In Ethereum, high fees can enable attackers to sustain their re-entrancy exploit for a longer period, but on Aves Chain, the reduced transaction fees help limit the extent to which an attacker can leverage recursive calls for malicious purposes.
Reduced Network Congestion: The lower fees on Aves Chain also contribute to less network congestion, meaning that attackers are less likely to gain an advantage by spamming the network with frequent calls. On Ethereum, during times of congestion, attackers can exploit the unpredictability of transaction validation times to cause delays or disrupt operations, but Aves' faster and more predictable transaction times provide more consistent protection.
Faster Confirmation Times: In addition to low fees, Aves benefits from faster block times, which reduces the window of opportunity for attackers. If an attacker is attempting to exploit a re-entrancy vulnerability, the faster block time on Aves means that the contract state is more likely to be updated before an attacker can successfully execute another malicious call.
In Summary: Aves Chain’s lower gas and transaction fees significantly reduce the opportunity and financial incentive for attackers to launch re-entrancy attacks. With faster confirmation times and reduced network congestion, Aves provides a more secure environment that helps prevent malicious exploitation of vulnerabilities commonly found in networks with higher fees, like Ethereum.