Smart Contract Risk
Smart contract technology is currently in the early stages of research, and its use is purely experimental. Significant operational, technological, regulatory, reputational, and financial risks are associated with this. Smart contracts may not be suitable for the Issuer's intended purpose and may contain faults, vulnerabilities, or other concerns, resulting in technical difficulties or the loss of all Tokens.
In order to reduce risk, and vulnerability of smart contracts, we in Cardano ecosystem, will enable auditing of the contracts by external companies.
This in-depth testing and vetting of the contracts is possible because of the underlying technology of functional programming using Haskell and predictive transaction pricing model using eUTXO for accounting.
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