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Stellar initiates security audits for imminent Soroban smart contracts platform

The Stellar Development Foundation is set to enhance its blockchain offerings with Soroban, a new smart contract platform, currently in testnet phase, emphasizing heightened security and seamless integration. The Stellar (XLM) blockchain, known for fast international transactions, is about to introduce something new. This is called Soroban, a platform for smart contracts that’s being tested right now. What makes Soroban special is its use of WebAssembly (WASM), which is designed to work well with regular websites and blockchain systems. Product update! Today, @CertoraInc & @StellarOrg have teamed up to boost @SorobanOfficial, the Stellar network's smart contract platform , with cutting-edge formal security verification. Why is this important? It fortifies the foundation of blockchain security , ensuring trust… — Stellar (@StellarOrg) October 11, 2023 Blockchains need to be very safe. Even a tiny mistake in the code can cause big problems. That’s why St...

ChatGPT-4 Can't Handle Complex Smart Contract, Says Blockchain Security Firm

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Blockchain security firm SlowMist founder Yu Xian in a tweet on March 15 revealed that the team tested the capabilities of the new ChatGPT-4 for simple Tugou’s smart contract codes. While the artificial intelligence (AI) model gave correct security recommendations for smart contact codes, ChatGPT-4 can’t handle complex smart contract codes. advertisement “We simply tested it. I believe that GPT-4 can give correct security recommendations with a high probability. However, complex smart contract codes, especially those with human sophistry, and the kind of loopholes that require other scenarios (or larger contexts), GPT-4 can’t handle it, but it can be used as an audit aid (if used well).” Blockchain security firms found that ChatGPT -4 is not effective to detect errors and loopholes in complex smart contract codes. Moreover, the AI model can be deceiving in some scenarios that require changes to smart contract s on a blockchain. ...