What Are the Primary Risks Associated with Deploying a Mutable Smart Contract?

The main risks include potential centralization of power, as a single entity or small group controls the upgrade key, which could lead to a malicious code change or "backdoor." Another risk is the complexity of the upgrade mechanism itself, which can introduce new bugs. Furthermore, users must trust the contract's administrator not to abuse their upgrade privileges.

What Are the Technical Challenges of Creating Upgradeable Smart Contracts without Introducing Security Vulnerabilities?
What Is an “Admin Key” in the Context of Upgradeable Contracts?
What Is the Primary Security Benefit of PoS over PoW regarding Network Upgrades?
How Does “Role-Based Access Control” Help Secure the Upgrade Mechanism?
How Does a Multi-Sig Wallet Secure the Upgrade Process?
Explain the Concept of “Rug Pull” in Relation to Mutable Contract Ownership
How Can Decentralized Autonomous Organizations (DAOs) Manage Mutability More Securely?
What Are the Potential Centralization Risks Associated with Proof-of-Stake?

Glossar