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Olga V. Mack

Richard Ma

Fundamentals of Smart Contract Security

by Richard Ma (Author), Jan Gorzny (Author), Edward Zulkoski (Author)

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Written by security experts at the forefront of this dynamic industry, this book teaches state-of-the-art smart contract security principles and practices.

Smart contracts are an innovative application of blockchain technology. Acting as decentralized custodians of digital assets, they allow us to transfer value and information more effectively by reducing the need to trust a third party. By eliminating the need for intermediaries, smart contracts have the potential to massively scale the world economy and unleash the potential for faster and more efficient solutions than traditional systems could ever provide. But there's one catch: while blockchains are secure, smart contracts are not.

Security vulnerabilities in smart contracts have led to over $250 million USD in value to be lost or stolen. For smart contract technology to achieve its full potential, these security vulnerabilities need to be addressed. Written by security experts at the forefront of this dynamic industry, this book teaches state-of-the-art smart contract security principles and practices. Help us secure the future of blockchain technology and join us at the forefront today!

ISBN-10

194944936X
ISBN-13

978-1949449365
Publisher

Momentum Press
Publication date

May 28, 2019
Language

English
Dimensions

5.98 x 0.35 x 9.02 inches
Print length

166 pages
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Product details

Publisher ‏ : ‎ Momentum Press (May 28, 2019)
Language ‏ : ‎ English
Paperback ‏ : ‎ 166 pages
ISBN-10 ‏ : ‎ 194944936X
ISBN-13 ‏ : ‎ 978-1949449365
Item Weight ‏ : ‎ 8.2 ounces
Dimensions ‏ : ‎ 5.98 x 0.35 x 9.02 inches

Best Sellers Rank: #1,393,210 in Books (See Top 100 in Books)
- #42 in Electronic Data Interchange (EDI)
- #137 in Computer & Internet Law
- #185 in Science & Technology Law (Books)

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11 ratings

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Olga V. Mack
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Olga V. Mack is a powerhouse: She is a corporate governance guru, blockchain strategist, startup advisor, nationally recognized author, public speaker, award-winning general counsel, and women’s advocate. Olga earned both her BA and JD from UC Berkeley. She has received Watermark Make Your Mark, Corporate Counsel of the Year, Women Leaders in Technology Law, and numerous other awards. Olga is very involved in her community and serves on numerous boards and advisory boards. She is also a passionate women’s advocate. She founded the Women Serve on Boards movement (womenserveonboards.com) to achieve gender parity on corporate boards in her lifetime.
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Richard Ma
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Richard Ma is the co-founder and CEO of Quantstamp, a Y Combinator-backed company building the standard in blockchain cybersecurity. As a former software engineer at Tower Research, Richard developed software that handled millions of dollars using extreme testing methods. After investing in the DAO and experiencing the aftermath firsthand, he was inspired to found Quantstamp. Richard aims to secure the future of blockchain technology through the Quantstamp protocol and better methods for secure enterprise blockchain deployments.
To date, Quantstamp has secured over a billion dollars of digital asset value through their audits, and has helped a broad range of enterprises to innovate securely.
Prior to starting Quantstamp, Richard was involved in algorithmic and high frequency trading as a trading fund manager and senior quantitative strategist, most recently with Tower Research Capital. Richard graduated with a degree in electrical computer engineering from Cornell University.
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Customer reviews

4.2 out of 5

11 global ratings

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Make War

$50 for only 117 pages??

Reviewed in the United States 🇺🇸 on January 13, 2022

Verified Purchase

While the information contained in this very short book is pretty good, it’s extremely overpriced at $50 for 117 pages of content the first 34 pages of which aren’t even about security! Unfortunately a dearth of good publications on this topic is the problem the community faces and this doesn’t really add that much to the pot. The chapter on writing secure contracts had no depth to it and addressed concepts easily found on various Internet resources. Granted the book was written in 2019 and I’m reading it about two years after its publication but a quick look at the reference section of the book shows it’s almost exclusively drawn from Internet resource like Solidity docs, Consensys, OpenZeppelin and Ethereum websites. The primary contribution of this overview is that it gives you a high level roadmap to basically just get back on the Internet and keep searching.

2 people found this helpful

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Yi Ren

Useful Guide for Blockchain Security

Reviewed in the United States 🇺🇸 on July 22, 2019

Verified Purchase

Helpful guide for new blockchain developers to learn common security practices for smart contracts written by researchers at Quantstamp. The early chapters make a high level introduction, while the later chapters provide walkthroughs and many concrete examples, use cases, and checklists.

2 people found this helpful

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JH

The latest advice in a fast-moving technology

Reviewed in the United States 🇺🇸 on September 14, 2019

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I particularly liked the design patterns and guidelines for smart contract development.

One person found this helpful

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GJ Glass

At its heart this book adopts the wisdom that prevention is better than cure

Reviewed in the United Kingdom 🇬🇧 on November 8, 2019

Verified Purchase

The expert team behind this book predict a future where smart contracts will transform how we transfer value and interact with each other. Accepting this, we'd better make sure these smart contracts are secure! But how?

One essential will be to write smart contract code that is free of bugs. This book can help developers to do just that, as it shares examples, tips and best practice.

'Fundamentals' is a compact book of six Chapters, supported by over 100 references. It is an accessible read. A few sections are challenging, but the writing style is always clear and concise.

Each new blockchain feature or security challenge is carefully explained. As a result, blockchain project managers, writers and enthusiasts may also find this a handy reference book.

PREVENTION BETTER THAN CURE

At its heart this book adopts the wisdom that prevention is better than cure. Smart contracts are a new tool of immense promise but to earn our trust they must do what they say on the tin.

Smart contracts to do with Initial Coin Offerings have to be right. They are immutable, self-governing and can hold millions of dollars in token value. Transactions can't be reversed and stolen tokens will usually be lost forever. So, there is no room for complacency.

The crime scene may be new, but thieves are still using familiar strategies like Ponzi schemes to relieve investors of their assets.

The authors focus on a number of massive thefts to reveal how smart contracts were compromised. With the benefit of hindsight we learn how the Parity Wallet and The DAO hacks could have been avoided.

STRENGTHENING CODE

The book really comes into its own for the developer in Chapter 4 - 'Common Security Flaws'. Here the authors focus on concrete examples of vulnerable code and safer ways of writing it.

We learn about numerous vulnerabilities discovered in smart contracts on the Ethereum platform. These include re-entrancy, integer overflow, denial-of-service, double withdrawal and contract library design flaws.

DEFINING BLOCKCHAIN

The authors' passion for blockchain is clear. They describe the benefits and potential use cases of the blockchain, programmable money and smart contracts.

They remind us that cryptographic 'hashes' and 'consensus' mechanisms already deliver advanced first layer security on the blockchain.

They do a great job of defining their terms as they introduce such things as decentralised applications, oracles, ERC-20 tokens and contract libraries.

They also compare the pros and cons of available automated smart contract analysers.

CAREERS IN SMART CONTRACT AUDITING

Co-author and CEO of Quantstamp, Richard Ma, predicts that an army of bright minds will be needed to secure smart contracts as their future use grows.

So, this book is an excellent primer and training resource for anyone exploring smart contract auditing as a career.

We quickly get a sense of the person spec required:

High attention to detail, logical thinker, ability to focus. Curiosity, willingness to research, readiness to try to 'break' and push code to its limits.

Since, to prevent a break-in, you must first discover how a break-in could occur. Get started here!

Gordon Glass
Quantstamp community member since 2017

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