SlowMist Team: ERC404 is not a mature standard yet, and its mechanism may bring new security risks
Founder of SlowMist, Yu Xian, posted on platform X, stating, "The new mechanism will definitely bring new security risks. If a protocol does not handle the dual-sided coin mechanism like ERC404 well, it may lead to unexpected consequences. Also worth noting is that ERC404 is not yet a mature standard. After reviewing the contract codes of several projects, there may be some modifications made. Therefore, this is also a possible risk - security risks caused by differences."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sources: US-Canada Tariff Negotiations Stalemated
XRP sentiment weakens, but on-chain activity reaches highest levels in months
Expert Analyst Examines What the Big Whales Are Doing in Bitcoin Right Now
BUILDon targets its 20-day EMA as short liquidations outpace longs
Crypto prices
More
