How Formal Verification Can Reduce Bugs & Vulnerabilities in Smart Contracts-7.77

The formal verification of smart contracts is an emerging trend in the cryptocurrency space focused on reducing the instances of bugs and vulnerabilities of smart contracts that have led to numerous high-profile hacks and endemic security concerns.

Formal verification has a wide variety of applications in regards to hardware and software systems. It has become exceedingly important as the complexity of systems increases, particularly with hardware. In blockchain networks, the litany of smart contract vulnerabilities and exploits have led to a need for improved smart contract programming and auditing.

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