A Deep Dive into Blockchain-based Smart Contract-specific Security Vulnerabilities

Blockchain smart contracts are prevalent nowadays as numerous applications are developed based on this feature. Though smart contracts are important and widely used, they contain certain vulnerabilities. This paper discusses various security issues that arise in smart contract applications. They are categorized in the smart contract platform, the applications that integrate with the Blockchain, and the vulnerabilities in smart contract code. A detailed study of smart contract-specific vulnerabilities and the defense against those vulnerabilities are presented in this article. Because of certain limitations of platforms or programming language used to write smart contract, there are possibilities of attacks on smart contracts. Hence different security measures or precautions to be taken while writing the smart contract code is discussed in this article. This will prevent the potential attacks happening on Blockchain distributed applications.