Why Is Smart Contract Security a Critical Concern for Developers?

Smart contract security is critical because contracts deployed on a blockchain are typically immutable and often manage significant financial value. A single bug or vulnerability can be exploited by attackers, leading to irreversible losses that cannot be undone.

Unlike traditional software where servers can be patched, a flawed smart contract is permanent. This high-stakes environment means that security is not just a best practice but a fundamental requirement to protect user funds, maintain the integrity of the protocol, and build trust in the decentralized application.