What Is the Risk of an Immutable Contract Containing a Vulnerability?
If an immutable contract has a vulnerability, it is permanently exploitable until all funds are drained or the blockchain itself is forked. Since the code cannot be patched, the only defense is to drain the contract safely via a white-hat hack or rely on a pre-coded "pause" function.
This highlights the critical need for pre-deployment auditing.
Glossar
Immutable Contract
Contract ⎊ An immutable contract, within the convergence of cryptocurrency derivatives, options trading, and broader financial engineering, represents a pre-defined agreement whose terms and execution are algorithmically enforced and cannot be unilaterally altered post-signature by any party.
Immutable
Integrity ⎊ Immutable characteristics within cryptocurrency, options trading, and financial derivatives fundamentally address data veracity and tamper-resistance, crucial for trustless systems.