Why Is a Clear, Unambiguous Specification Critical for Security?
A clear, unambiguous specification is critical because it is the ultimate source of truth for the contract's intended financial behavior. If the specification is vague or incorrect, the formal verification process will prove that the code correctly implements a flawed design, which is known as a "correctness bug." An ambiguous specification can lead to a misunderstanding between the developer and the auditor, resulting in missed vulnerabilities where the code's actual behavior deviates from the intended security model.
Glossar
Clear Specification
Definition ⎊ A clear specification, within the context of cryptocurrency derivatives, options trading, and financial derivatives, denotes a precise and unambiguous articulation of contract terms, pricing models, and execution protocols.
Formal Verification Process
Process ⎊ The Formal Verification Process is a mathematically rigorous methodology used to prove that a smart contract's code logic adheres perfectly to its formal specification, ensuring the absence of critical bugs or security vulnerabilities.
Source of Truth
Repository ⎊ The Source of Truth in a crypto derivatives protocol is the single, immutable repository, typically the blockchain's ledger, where the definitive state of all financial positions and collateral is recorded.