What are the main challenges of using smart contracts?
An example of an AI chatbot conversation about the challenges of smart contracts.
What are the main challenges of using smart contracts?
Some key challenges include security vulnerabilities, lack of legal clarity, and difficulty in coding complex agreements.
Can you explain the security vulnerabilities in more detail?
Sure! Security vulnerabilities can arise from coding errors, which may lead to exploits. For example, reentrancy attacks can manipulate contract execution.
What about the legal aspects? Why is there a lack of clarity?
The legal status of smart contracts varies by jurisdiction, and many legal systems haven't fully adapted to recognize them as enforceable agreements.
How can these challenges be addressed?
Addressing these challenges involves rigorous testing, clear legal frameworks, and ongoing education for developers and users.
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