How Does the Security of the Underlying Blockchain Affect the DeFi Platform's Smart Contract Risk? ▴ Learn

How Does the Security of the Underlying Blockchain Affect the DeFi Platform’s Smart Contract Risk?

The DeFi platform's security is fundamentally dependent on the underlying blockchain's security. If the blockchain itself is successfully attacked (e.g. a 51% attack), transactions can be reversed or censored, potentially invalidating the smart contract's state or leading to double-spending, regardless of the contract's code quality.

How Can a PoS Network Recover from a Successful 51% Attack through Social Consensus or a Hard Fork?

What Is the Difference between Proof of Work and Proof of Stake Consensus Mechanisms?

How Does Network Congestion (E.g. High Gas Fees) Invalidate the Utility Assumption of Metcalfe’s Law?

How Does the EVM’s Transaction Atomicity Relate to This Attack?