Contract – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 12 Sep 2025 10:31:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Contract – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Ethereum hits record 12 million daily smart contract calls as traders eye the $5200 ceiling https://earlybirdsinvest.com/ethereum-hits-record-12-million-daily-smart-contract-calls-as-traders-eye-the-5200-ceiling/ https://earlybirdsinvest.com/ethereum-hits-record-12-million-daily-smart-contract-calls-as-traders-eye-the-5200-ceiling/#respond Fri, 12 Sep 2025 10:31:16 +0000 https://earlybirdsinvest.com/ethereum-hits-record-12-million-daily-smart-contract-calls-as-traders-eye-the-5200-ceiling/

Per CryptoQuant’s second September weekly report, Ethereum’s latest uptrend from about $1,400 in April to a high near $5,000 has unfolded alongside heavier allocations in funds and whale accumulation, a pullback in exchange deposits, and activity peaks across transactions, addresses, and smart-contract calls.

Ethereum trades below a realized price band of $5,200 while fund holdings and on-chain use hit records.

The report frames the next phase around whether price can clear the realized price upper band that capped prior advances.

According to CryptoQuant, Ethereum fund holdings, driven largely by U.S. spot ETFs, have reached 6.7 million ETH, nearly double since April. Addresses holding 10,000 to 100,000 ETH added roughly 6 million ETH over the same period, with this cohort now at 20.6 million ETH, a new high.

The “smart money” share embedded in those balances means a material portion of demand is already in place, compressing the room for momentum to do the heavy lifting without fresh flows. The charts on page 2 of the report show both the fund-holding curve and cohort balances making new peaks.

Staking has climbed in parallel.

The total ETH staked stands at around 36.2 million, up by roughly 2.5 million ETH since May. The rising validator count reduces circulating supply and supports a tighter float, yet it also sequesters capital that would otherwise meet new demand if price drifts or volumes thin out.

That mix of lower float and higher commitment from validators helps explain why spot market pressure can ease even when price consolidates.

On-chain throughput has expanded. Total daily transactions peaked at about 1.7 million on August 16, and active addresses reached roughly 800,000 on August 5, both new highs, per the network dashboards. Smart-contract calls surpassed 12 million daily for the first time, marking the heaviest programmatic use of the base layer so far.

Elevated usage across DeFi, stablecoin transfers, and token activity builds fee revenue and reinforces the settlement-layer role that underpins ETH’s cash-flow and utility narratives. If activity cools, volatility often follows as price discovers the correct multiple on lower throughput.

Spot-side supply pressure has eased.

CryptoQuant’s exchange-inflow series shows deposits to centralized venues falling from roughly 1.8 million ETH in mid-August to about 750,000 ETH per day after the early-September price high.

Fewer coins moving to exchanges typically line up with thinner realized selling, which aids stability during retests. Low inflows can also coincide with quieter order books, so prices can travel more on smaller trades if a catalyst lands.

The technical fulcrum is the realized price upper band near $5,200. CryptoQuant plots that level as the region that repelled advances in 2020–2021 and again in early 2024. ETH trades around $4,400 in the report window, so the market sits one step below a threshold with a track record of pausing uptrends.

Clearing that zone would shift trading into territory where realized holders, on average, sit deeper in profit, and where supply forces depend more on whether newer inflows outpace long-dated distribution.

The flow picture offers a simple checklist for the weeks ahead.

Fund holdings are already at a record, so incremental net creations matter more than absolute size. Whale cohorts hold over 20 million ETH, so net additions from this group carry outsized weight versus retail churn.

Staking is at 36 million ETH, so any acceleration or slowdown in validator deposits will change the liquid float at the margin. Exchange inflows are subdued compared with August, so watch whether that series stays compressed or reverts as price revisits prior highs. All four lines are visible across the report’s holdings, staking, network, and inflow charts.

For valuation context, CryptoQuant ties the April-to-September advance to a dual engine of institutional participation and on-chain throughput. That framing pairs the top-down demand capture of ETFs with bottom-up settlement use across DeFi and tokens.

It also leaves room for periods where activity outruns price or vice versa. In those phases, realized bands and exchange-flow gauges help separate consolidation from distribution, especially when positioning is already heavy among large holders.

The near-term setup, therefore, revolves around whether ETH holds its footing into a second attempt at the realized band, with funds, whales, staking, and activity providing most of the signal on whether the cycle keeps its pace or pauses.

According to the report, the realized price upper band near $5,200 remains the level in focus.

]]> https://earlybirdsinvest.com/ethereum-hits-record-12-million-daily-smart-contract-calls-as-traders-eye-the-5200-ceiling/feed/ 0 58045 CME Group announces XRP futures fastest contract to cross $1 billion open interest https://earlybirdsinvest.com/cme-group-announces-xrp-futures-fastest-contract-to-cross-1-billion-open-interest/ https://earlybirdsinvest.com/cme-group-announces-xrp-futures-fastest-contract-to-cross-1-billion-open-interest/#respond Wed, 27 Aug 2025 09:00:58 +0000 https://earlybirdsinvest.com/cme-group-announces-xrp-futures-fastest-contract-to-cross-1-billion-open-interest/

XRP futures became the fastest contract in CME Group history to cross $1 billion in open interest (OI), achieving the milestone in just over three months.

CME Group reported its crypto futures suite surpassed $30 billion in notional open interest for the first time, with XRP and Solana futures each crossing the $1 billion threshold. Additionally, Ethereum reached the OI record of $10.5 billion.

The derivatives exchange stated:

“Our Crypto futures suite just surpassed $30B in notional open interest for the first time ever. Our SOL and XRP futures, along with ETH options, each crossed $1B in OI, with XRP being the fastest-ever contract to do so, hitting the mark in just over 3 months.”

Strong trading activity

XRP futures recorded their largest daily volume since July 15 on Aug. 25, with 7,533 contracts traded and over $1 billion in total volume, according to CME data.

The activity demonstrates appetite for regulated XRP exposure through CME’s CFTC-supervised platform.

The milestone comes as traditional finance firms seek cryptocurrency derivatives products. CME launched XRP futures in May 2025, providing institutions with standardized contracts settling to the CME CF XRP-Dollar Reference Rate.

Nate Geraci, president of NovaDius Wealth, connected the futures activity to potential spot ETF demand on Aug. 26.

He said:

“CME Group says XRP futures contracts have crossed over $1 billion in open interest… Fastest-ever contract to do so (took just over 3mos). There’s already $800+mil in futures-based xrp ETFs. Think people might be underestimating demand for spot xrp ETFs.”

After the CME XRP futures launch on May 19, Geraci noted that spot ETFs were only a matter of time. The affirmation is likely because analysts view regulated futures markets as a crucial requirement for spot crypto ETF approvals.

Several asset managers have filed for spot XRP ETFs with the SEC, including applications from 21Shares, Bitwise, Canary Capital, and Grayscale.

CME’s crypto derivatives now include Bitcoin, Ethereum, Solana, and XRP. BTC futures account for the largest share, with over $16 billion in open interest, while Ethereum futures hold approximately $10.5 billion. Additionally, both XRP and Solana recently joined the billion-dollar club.

The $30 billion milestone represents institutional adoption of crypto derivatives as portfolio management tools.

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]]> https://earlybirdsinvest.com/cme-group-announces-xrp-futures-fastest-contract-to-cross-1-billion-open-interest/feed/ 0 55340 Binance volume surpasses top 5 competitors combined as crypto markets contract https://earlybirdsinvest.com/binance-volume-surpasses-top-5-competitors-combined-as-crypto-markets-contract/ https://earlybirdsinvest.com/binance-volume-surpasses-top-5-competitors-combined-as-crypto-markets-contract/#respond Thu, 21 Aug 2025 13:34:06 +0000 https://earlybirdsinvest.com/binance-volume-surpasses-top-5-competitors-combined-as-crypto-markets-contract/

Binance’s trading volume in 2025 has reached levels exceeding the combined totals of its leading competitors, marking a new phase in the concentration of exchange activity.

Data compiled by CryptoQuant shows Binance handling up to double the trading volume of all other exchanges combined, a development that is raising questions about the structure of liquidity in global markets.

Per TokenInsight data, Binance recorded approximately $8.39 trillion in trading volume during the first quarter of 2025, accounting for 36.5% of global activity despite a decline in overall market volume.

During Q1, Binance’s average daily trading volume stood near $36.6 billion, compared to Bybit’s $7.9 billion, OKX’s $6.5 billion, and Coinbase’s $5.6 billion, placing it several multiples ahead of rivals. Research from CryptoQuant further recorded that Binance’s spot trading volume for the year had surpassed $1.9 trillion, outpacing Coinbase, Crypto.com, and OKX combined.

Market share concentration became more pronounced by midyear. Binance’s spot trading volume was nearly eight times higher than Coinbase’s, securing a market share of roughly 42%.

By June, Binance’s spot trading activity approached the combined total of all other exchanges, a rare scenario not seen since early 2024, when Bitcoin surged past $70,000.

The platform’s strength spans multiple areas beyond spot trading. Mid-2025 performance extended into futures markets, stablecoin flows, capital inflows, and on-chain metrics.

During Bitcoin’s all-time high this summer, Binance recorded nearly twice the total trading volume of all competitors combined, even as broader market activity slowed.

This level of concentration carries market implications. European Securities and Markets Authority officials have previously warned of systemic risks when a single platform processes a disproportionate share of trading volume, describing it as a “considerable concern” in regulatory communications reported by Reuters in April 2024.

Market structure is further shaped by liquidity distribution. While Binance leads in spot trading, other platforms such as OKX surpass it in liquidation volumes, reflecting different risk dynamics across venues.

The historical pattern of Binance’s dominance coinciding with price movement also remains in focus. A similar volume imbalance in early 2024 preceded a steep rise in Bitcoin’s price. The question looms as to whether high trading concentration might again affect directional momentum in major assets.

The scale of activity also intersects with regulatory oversight. In late 2023, some interpreted the U.S. Department of Justice settlement with Binance as an acknowledgment of the exchange’s position as too large to unwind without broader market disruption. That perception has carried forward into 2025 as the exchange extends its dominance despite market contraction.

Daily and quarterly figures reveal the magnitude of the gap. Binance’s $36.6 billion daily average places it nearly nine times larger than Coinbase, while its 42% spot market share marked the highest in ten months.

As of press time, volumes are down across the industry, but Binance’s trading volumes still match or surpass those of all competitors, redefining the balance of the exchange landscape in 2025.

Exchange volumes (Source: CoinRanking)
Exchange volumes (Source: CoinRanking)

The concentration of activity illustrates the degree to which one platform has become the primary gateway for liquidity, shaping both opportunities and risks in global digital asset markets.

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]]> https://earlybirdsinvest.com/binance-volume-surpasses-top-5-competitors-combined-as-crypto-markets-contract/feed/ 0 54366 AI-Powered Smart Contract Auditing: Securing Blockchain Transactions https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-securing-blockchain-transactions/ https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-securing-blockchain-transactions/#respond Thu, 14 Aug 2025 16:17:28 +0000 https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-securing-blockchain-transactions/
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Blockchain technology is widely recognized for bringing transparency and trust to digital transactions. Smart contracts, self-executing lines of code, automate agreements and processes across various industries — finance, supply chain, healthcare, and more. With the popularity of smart contracts reaching new heights, their security emerges as a critical concern. Flaws in code can lead to significant financial losses and reputational damage, making smart contract auditing essential for businesses and organizations.

Smart contracts are digital protocols built to facilitate, verify, or enforce the negotiation of a contract without the need for intermediaries. These contracts automatically execute pre-defined actions when certain conditions are met. They are commonly deployed on platforms like Ethereum, Binance Smart Chain, and Polygon.

However, smart contracts are vulnerable to coding errors and malicious attacks. Even minor bugs can cause contracts to malfunction, leading to loss of funds or data. Security breaches, reentrancy attacks, and improper access controls are some of the well-known problems. For businesses investing in blockchain-based solutions, these risks can threaten trust and operations.

Organizations looking for Smart Contract Development Services must prioritize security from the earliest stages of planning and development. This means not only following best coding practices but also incorporating thorough auditing into the lifecycle of every smart contract.

Smart contract auditing is a process of scrutinizing the code of smart contracts to identify vulnerabilities, logic errors, and compliance gaps. It is typically performed by security professionals or specialized teams using both automated tools and manual review. The objective is to uncover issues before the contract goes live and interacts with real assets or users.

Auditing involves multiple steps:

  • Reviewing the contract’s architecture.
  • Checking code syntax and logic.
  • Testing for edge cases and possible exploits.
  • Verifying that the contract operates according to its intended design.

Without careful auditing, smart contracts can be exploited, sometimes within minutes of deployment.

Traditionally, auditing smart contracts is a labor-intensive process relying on manual inspection and static analysis tools. As the number and complexity of smart contracts increase, traditional methods struggle to keep up. This is where AI-powered auditing enters the picture.

AI systems can analyze large volumes of code more quickly, identify patterns associated with vulnerabilities, and flag potential issues for further investigation. By using algorithms trained on past vulnerabilities and attack methods, AI tools can detect subtle errors that may escape manual review.

Some key benefits of using AI in smart contract auditing:

  • Rapid scanning of codebases.
  • Automatic detection of known threat signatures.
  • Ability to continuously learn from new exploit techniques.
  • Reducing human error during code review.

AI does not entirely replace human expertise but works in tandem with security professionals to strengthen auditing across all stages of smart contract development.

Modern AI-powered auditing platforms often utilize techniques such as natural language processing, machine learning, and semantic analysis. These platforms ingest smart contract code, decode its logic, and compare it against vast datasets of known vulnerabilities.

Some common features of these platforms include:

  • Automated code analysis and pattern recognition.
  • Continuous monitoring of deployed contracts in real-time.
  • Real-time alerts for suspicious transactions or code changes.
  • Visual dashboards that show risk levels and actionable recommendations.

Leading platforms are regularly updated as new threats and exploits are discovered, making them a valuable resource for companies aiming to reduce risk.

Machine learning models are increasingly used in smart contract auditing for their ability to find complex vulnerabilities. These models are trained using large sets of previously audited contracts, labeled according to whether vulnerabilities existed. Over time, the system learns to recognize both obvious bugs and rare edge cases.

For example, supervised learning can be employed to spot logical errors by comparing the intended behavior to the implemented code. Unsupervised learning, meanwhile, may help identify novel attack vectors by analyzing unusual patterns in transaction flows.

Despite its promise, machine learning requires careful tuning and extensive data. False positives and negatives are still possible, necessitating a balanced approach that blends automated and manual inspection.

Security vulnerabilities commonly found in smart contracts include:

  • Reentrancy Attacks: Where malicious actors repeatedly call functions before the initial execution completes, leading to unauthorized withdrawals.
  • Integer Overflow and Underflow: Mistakes in arithmetic can result in values that exceed their intended limits, creating loopholes for attackers.
  • Access Control Issues: Failure to restrict function access allows unauthorized parties to perform critical operations.
  • Logic Errors: Misalignment between contract logic and intended rules.
  • Uninitialized Storage Pointers: Can allow overwrite of contract state or execution of unintended code.
  • Front-running: Exploiting transaction ordering on public blockchains.

AI-powered auditing tools systematically scan contracts for these and other evolving vulnerabilities.

Security vulnerabilities commonly found in smart contracts include:

  • Reentrancy Attacks: Where malicious actors repeatedly call functions before the initial execution completes, leading to unauthorized withdrawals.
  • Integer Overflow and Underflow: Mistakes in arithmetic can result in values that exceed their intended limits, creating loopholes for attackers.
  • Access Control Issues: Failure to restrict function access allows unauthorized parties to perform critical operations.
  • Logic Errors: Misalignment between contract logic and intended rules.
  • Uninitialized Storage Pointers: Can allow overwrite of contract state or execution of unintended code.
  • Front-running: Exploiting transaction ordering on public blockchains.

AI-powered auditing tools systematically scan contracts for these and other evolving vulnerabilities.

Blockchain history offers multiple examples of smart contract exploits resulting in loss:

  • The infamous DAO hack in 2016 led to the theft of millions of dollars due to a reentrancy vulnerability.
  • In 2020, dForce suffered an attack exploiting improper use of ERC-777 tokens, resulting in significant financial loss.
  • More recently, several DeFi projects faced flash loan attacks owing to a lack of input validation and logic checks.

Each incident underscores why comprehensive auditing — powered by both AI systems and skilled professionals — is essential before contracts go live.

An effective AI-powered auditing process typically involves the following steps:

  1. Code Ingestion and Parsing: The platform imports the smart contract code and parses it for analysis.
  2. Pattern Recognition: Algorithms identify known vulnerability signatures.
  3. Semantic Analysis: The logic and flow of the program are compared with intended behavior.
  4. Behavioral Modeling: Machine learning models simulate contract execution under various scenarios.
  5. Automated and Manual Review: Flagged issues are investigated by security professionals.
  6. Report Generation: Comprehensive reports are generated, detailing findings, recommendations, and remediation steps.
  7. Continuous Monitoring: Some platforms monitor live contracts for suspicious changes or behaviors that can indicate exploitation.
  8. The integration of AI and manual review creates a robust framework for effective smart contract security.

Implementing AI-powered smart contract auditing offers several advantages for businesses:

  • Shorter Auditing Periods: Automated scanning accelerates the process, saving development time.
  • Greater Detection Rates: AI often catches subtle bugs missed during manual reviews.
  • Cost Efficiency: Early detection of vulnerabilities reduces costly fixes post-deployment.
  • Scalability: As contract volumes grow, AI platforms can handle larger workloads with little additional resource investment.
  • Improved Trust: Clients and users gain confidence in the reliability of smart contract-based solutions.

AI-powered auditing, while advanced, comes with its own challenges:

  • Data Quality: Machine learning relies on clean, comprehensive datasets from previous audits.
  • Complexity of New Attack Types: Smart contract exploits evolve rapidly, necessitating ongoing updates to AI models.
  • False Positives/Negatives: No tool can guarantee detection of every issue; manual review remains essential.
  • Integration with Existing Workflows: Adding new tools requires collaboration between developers, security teams, and audit platforms.
  • Addressing these limitations requires continuous collaboration between AI researchers, blockchain developers, and auditing professionals.

The adoption of AI-powered auditing is growing across industries that use smart contracts. Financial services, supply chain logistics, and healthcare organizations seek greater protection as they integrate blockchain solutions. Industry standards around smart contract auditing are also evolving, with more regulators mandating security checks prior to deployment.

Future trends likely to shape the sector include:

  • AI platforms that self-update as new threats emerge.
  • Greater automation in contract deployment and monitoring.
  • Integration of AI tools with popular smart contract development frameworks.
  • Ongoing collaboration between AI and cybersecurity experts.

For businesses considering smart contract deployment, early engagement with these technologies is a prudent step.

  • Writing Clean, Commented Code: Clearly document intent, logic, and edge cases for easier review.
  • Using Frameworks and Libraries with Security Features: Rely on established components proven to reduce risks.
  • Regular Testing and Simulation: Run multiple test cases to check contract behavior under stress.
  • Code Reviews and Peer Audits: Invite multiple perspectives to inspect and validate code.
  • Auditing Before and After Deployment: Conduct security checks at every phase, especially after changes.

AI tools can complement these steps, but disciplined development practices and repeated reviews make smart contracts truly resilient.

Selecting an auditing approach depends on contract complexity, industry requirements, and organizational needs. When choosing AI-powered solutions, businesses should consider:

  • Platform Capabilities: Does the tool support the relevant blockchain and contract language?
  • Integration with Development Workflows: Can the solution plug into CI/CD systems for continuous auditing?
  • Reporting and Alerting Features: Does it offer clear, actionable reports?
  • Vendor Expertise: Are skilled security professionals available to review flagged issues?
  • Ongoing Support and Updates: Will the platform adapt as new vulnerabilities emerge?

Reputable partners and well-reviewed AI platforms provide peace of mind when launching critical blockchain projects.

Blockchain smart contracts can be updated or redeployed as projects evolve. However, new code changes can reintroduce vulnerabilities. Static audits performed before deployment may miss issues that arise after the contract interacts with live assets. This makes continuous, AI-powered monitoring a vital part of ongoing contract management.

Automated tools alert administrators to suspicious activity, unexpected program flows, and changes in contract storage. Real-time insights make it possible to respond promptly to emerging threats.

With the expansion of blockchain across fintech, healthcare, and government, regulatory scrutiny of smart contract security is increasing. Auditing and documentation help businesses comply with evolving standards, including those related to money laundering prevention, data privacy, and transaction reporting.

AI-powered solutions assist in automating compliance checks and generating reports required by auditors and regulators.

Businesses considering Smart Contract Development Services should keep the following points in mind:

  • Review the security policies of any development partner.
  • Request detailed audit reports and sample methodologies.
  • Verify that AI-assisted auditing is part of the quality assurance process.
  • Seek demonstration of continuous monitoring capabilities.
  • Demand transparency around how flagged issues are investigated and resolved.

Engagement in these areas helps clients manage risk and build reliable blockchain solutions.

Q1: What is the difference between manual and AI-powered auditing?

Manual auditing involves human security experts reviewing code for vulnerabilities. AI-powered auditing uses algorithms and machine learning to scan code automatically. Most comprehensive audits combine both approaches.

Q2: Can AI tools find all vulnerabilities in smart contracts?

AI tools improve detection rates but are not foolproof. Complex or novel vulnerabilities may escape detection, so manual inspection remains necessary.

Q3: How often should smart contracts be audited?

Contracts should be audited prior to deployment and after any significant updates or changes. Continuous monitoring can help catch threats in real time.

Q4: Are AI-auditing solutions suitable for all blockchain platforms?

Most leading AI-powered auditing tools support popular platforms like Ethereum and Binance Smart Chain, but compatibility should be verified before adoption.

Q5: What are the main costs involved in smart contract auditing?

Costs depend on contract complexity, auditing methodology, and whether you use manual or AI-powered services. Investing in comprehensive audits helps reduce the risk of costly attacks later.

For businesses new to smart contracts, starting with these steps can lead to secure deployments:

  1. Define project requirements and intended contract logic.
  2. Engage with a Smart Contract Development Services provider with proven security credentials.
  3. Request for AI-powered auditing as part of the development process.
  4. Perform detailed testing and simulation prior to launch.
  5. Deploy contracts with continuous monitoring systems in place.
  6. Regularly update and re-audit contracts in response to changes.

These steps create a foundation for reliable blockchain solutions.

In the fast-changing world of blockchain, smart contracts promise automation and trust. But these benefits depend on rigorous security practices and effective auditing. By using AI-powered tools alongside skilled professionals, businesses can protect digital assets, maintain compliance, and earn user trust.

AI-powered smart contract auditing offers speed, accuracy, and efficiency, but should always be integrated with thorough manual inspection and smart development practices. As the technology matures, businesses that prioritize security are best positioned to succeed in the growing blockchain ecosystem.

If you’re considering blockchain integration for your organization, working with experienced professionals makes all the difference. [codezeros] specializes in Smart Contract Development, combining cutting-edge tools and expert support to design, audit, and launch secure contracts tailored to your goals.

Contact codezeros today to learn how our Smart Contract Development Services can secure your blockchain transactions and help your business move forward with confidence.

]]> https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-securing-blockchain-transactions/feed/ 0 53179 Reducing Risk in Web3: The Strategic Importance of Smart Contract Audits https://earlybirdsinvest.com/reducing-risk-in-web3-the-strategic-importance-of-smart-contract-audits/ https://earlybirdsinvest.com/reducing-risk-in-web3-the-strategic-importance-of-smart-contract-audits/#respond Sat, 26 Jul 2025 14:25:29 +0000 https://earlybirdsinvest.com/reducing-risk-in-web3-the-strategic-importance-of-smart-contract-audits/
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In the rapidly evolving landscape of Web3, where decentralized applications and blockchain technologies are reshaping digital interactions, security has become paramount. At the heart of this ecosystem are smart contracts — self-executing agreements with the terms written directly into code. While they promise automation and trustless execution, their inherent complexity and immutability mean that even minor vulnerabilities can have catastrophic consequences. This makes the role of smart contract audits critical for any project aiming to succeed and maintain user trust.

Choosing the right smart contract development company is the first step towards securing robust and reliable decentralized solutions. These companies not only build smart contracts but also often guide clients through rigorous audit processes that safeguard against bugs, exploits, and logic errors.

Smart contracts differ significantly from traditional software — they operate on a blockchain, are immutable once deployed, and often handle valuable assets. This unique environment means that errors are costly and irreversible. Auditing these contracts is essential because:

  • It identifies vulnerabilities before hackers can exploit them, preventing potential financial losses and reputation damage.
  • It improves code quality, often revealing logical errors or inefficiencies not initially apparent.
  • It ensures compliance with emerging regulatory frameworks, particularly in sectors like finance and healthcare.
  • It builds user and investor confidence by demonstrating a commitment to security and transparency.
  • It provides a competitive advantage by differentiating secure, audited projects from less secure counterparts in a crowded market.

The audit process involves a thorough review of the entire smart contract codebase, including automated scanning and manual inspection. Experienced auditors look for security loopholes, logical flaws, gas inefficiencies, and adherence to best practices. This ensures the contract functions as intended under all scenarios.

Web3 projects that invest in web3 development services with integrated audit capabilities position themselves better for long-term sustainability. A carefully audited smart contract not only resists attacks but also adapts to upgrades and integrations more seamlessly.

1.Increased Security

Audits are the frontline defense against potential hacks. By detecting coding errors, permission vulnerabilities, or faulty logic, audits prevent costly breaches and fund thefts.

2.Enhanced Trust and Credibility

Projects with publicly available audit reports inspire greater user trust. Transparency in the auditing process fosters confidence among investors, partners, and users alike.

3.Regulatory Compliance

Many jurisdictions are developing legal standards for blockchain applications. Audits help ensure contracts meet these standards, reducing legal risks.

4. Code Optimization and Efficiency

Auditors can recommend ways to reduce gas fees and streamline contract execution, improving overall user experience and operational costs.

5. Reputation and Market Differentiation

An audited project signals professionalism and seriousness about security, attracting more users and investors.

The smart contract audit process typically includes these steps:

  • Code Review: Detailed examination of the source code to find syntax and logic errors.
  • Automated Analysis: Using tools like MythX or Slither to detect common vulnerabilities.
  • Manual Inspection: Expert auditors analyze contract behavior, business logic, and edge cases.
  • Testing: Execution of test cases and simulation of different scenarios to validate functionality.
  • Reporting: Providing a comprehensive audit report detailing all findings and recommendations.
  • Remediation: Developers fix identified issues and may undergo follow-up audits for verification.

Embracing audit recommendations not only fortifies the contract but also educates developers on best security practices for future projects.

Modern audits leverage cutting-edge approaches such as formal verification — mathematically proving the contract’s correctness — and AI-assisted code analysis to enhance accuracy and efficiency. Automation enables faster audits while maintaining thoroughness, allowing Web3 projects to deploy with confidence and speed.

Regular audits aligned with innovation trends ensure your smart contracts remain resilient against emerging threats and evolving attack vectors, crucial for sustaining trust in the decentralized ecosystem.

Reducing risk through robust smart contract audits is not just a technical necessity but a strategic imperative for any serious Web3 project. Partnering with experienced providers who offer comprehensive smart contract development company services ensures your blockchain solutions are secure, compliant, and efficient. Integrating comprehensive web3 development services, including auditing, gives your project the foundation it needs to thrive in a competitive and fast-moving landscape.

Ready to build secure and reliable smart contracts? Explore professional Smart Contract development from codezeros to safeguard your Web3 journey with expert craftsmanship and thorough auditing. Empower your blockchain projects with trusted development and security — connect with codezeros today.

]]> https://earlybirdsinvest.com/reducing-risk-in-web3-the-strategic-importance-of-smart-contract-audits/feed/ 0 49783 Smart Contract Auditing: The Business Case for Proactive Blockchain Security https://earlybirdsinvest.com/smart-contract-auditing-the-business-case-for-proactive-blockchain-security/ https://earlybirdsinvest.com/smart-contract-auditing-the-business-case-for-proactive-blockchain-security/#respond Fri, 25 Jul 2025 03:36:11 +0000 https://earlybirdsinvest.com/smart-contract-auditing-the-business-case-for-proactive-blockchain-security/
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As businesses continue to adopt blockchain technology, the security of smart contracts has become crucial for the safety of both digital assets and organizational reputation. Smart contract auditing is now recognized as an essential practice for anyone aiming to use blockchain applications confidently. This blog explores why proactive smart contract audits are vital, how leading companies approach these audits, and the practical business case for investing in strong blockchain security.

A Smart Contract development company consistently prioritizes security as foundational for user trust and business credibility. While smart contracts are designed to automate transactions and minimize the need for intermediaries, even small coding errors can result in critical losses, such as funds being stolen or contracts malfunctioning. In the blockchain sphere, the phrase “code is law” underscores the irreversible nature of smart contracts post-deployment — mistakes cannot easily be undone, making preventive security vital.

  1. Identifying Vulnerabilities Early
  • Audits catch potential bugs and logic flaws before contracts go live, reducing the risk of exploits or costly bugs.
  • Proactive checks help businesses avoid incidents like the DAO hack, which resulted in tens of millions of dollars in losses due to overlooked vulnerabilities.

2. Building and Maintaining Trust

  • Thorough audits demonstrate a commitment to security, increasing confidence among users, partners, and investors.
  • A secure application strengthens reputation and credibility in a competitive blockchain market.

3. Cost Savings and Risk Reduction

  • Addressing vulnerabilities before launch is significantly less expensive than dealing with post-launch attacks, litigation, or regulatory fines.
  • Regular audits help maintain project longevity and protect future profits.

4. Regulatory Compliance

  • Many sectors require compliance with specific regulations; audits help businesses align their smart contracts with legal standards.

A professional audit typically covers these key activities:

  • Code Review: Auditors examine the contract code to catch syntax errors, logic flaws, and possible points of attack.
  • Functionality Testing: Each function within the contract is tested to validate its correct operation under various scenarios.
  • Security Assessment: Auditors scan for known threats and unusual patterns using both automated tools and manual techniques.
  • Compliance Checks: Auditors ensure that contracts observe all required standards and legal obligations.
  • Feedback and Optimization: The process frequently leads to improved code quality, more efficient operation, and trimming of excessive gas costs.
  • Reentrancy attacks
  • Integer overflows and underflows
  • Gas limit and loop issues
  • Time manipulation and block timestamp dependency
  • Front-running vulnerabilities
  • Incorrect access controls or permissions

Failing to spot these issues can result in security breaches, asset loss, market manipulation, and long-term reputational harm.

High-profile smart contract incidents have proven the value of rigorous auditing. For example, the DAO exploit on Ethereum revealed that unchecked code can enable attackers to drain resources, causing long-term damage to both project reputation and user confidence. Such cases have become cautionary tales for blockchain projects worldwide.

Investing in robust auditing yields measurable returns:

  • Audited projects attract more investors and users through their security posture.
  • Preventing costly hacks and legal issues preserves both assets and company reputation.
  • Improved code base and compliance reduce the risk of future disputes or regulatory crackdowns.

The right partner brings technical depth, hands-on experience, and a track record of success. Questions to consider:

  • Does the company have experience working with similar contracts (DeFi, NFTs, enterprise applications)?
  • Do they use a combination of manual and automated audit methods?
  • Are their auditors transparent about findings and willing to provide clear remediation guidance?

Working with a dedicated team means that security remains at the forefront of your smart contract projects — from initial development through ongoing updates.

As blockchain adoption grows, experienced partners like codezeros offer not only development expertise but also disciplined, proactive auditing. Codezeros provides end-to-end services, focusing on delivering smart contracts that are robust, reliable, and ready for real-world use.

Are you ready to build secure, trustworthy blockchain applications? Connect with codezeros today to schedule a smart contract audit or explore our full suite of Smart Contract development services. Your business deserves a proactive approach to blockchain security.

Before you go:

]]> https://earlybirdsinvest.com/smart-contract-auditing-the-business-case-for-proactive-blockchain-security/feed/ 0 49520 Over $3.4 billion in Ethereum lost forever due to user mistakes and contract bugs https://earlybirdsinvest.com/over-3-4-billion-in-ethereum-lost-forever-due-to-user-mistakes-and-contract-bugs/ https://earlybirdsinvest.com/over-3-4-billion-in-ethereum-lost-forever-due-to-user-mistakes-and-contract-bugs/#respond Tue, 22 Jul 2025 01:14:54 +0000 https://earlybirdsinvest.com/over-3-4-billion-in-ethereum-lost-forever-due-to-user-mistakes-and-contract-bugs/

More than 913,111 ETH has been permanently lost due to user and contract-related errors, according to Conor Grogan, a director at Coinbase.

At current prices, that amounts to approximately $3.43 billion in inaccessible assets, which represent over 0.76% of Ethereum’s total circulating supply.

Grogan highlighted several major incidents that have contributed to this significant number of irreversible ETH losses.

Lost Ethereum
Lost Ethereum (Source: X/ Grogan)

Topping the list is the Web3 Foundation, which lost 306,000 ETH due to a vulnerability in the Parity multisig wallet. The defunct Canadian crypto exchange QuadrigaCX lost 60,000 ETH through a faulty smart contract. NFT project Akutars mistakenly burned 11,500 ETH during a botched minting process.

Additionally, users have inexplicably sent over 25,000 ETH directly to burn addresses, permanently removing them from circulation.

Losses could be higher

Meanwhile, Grogan emphasized that the $3.4 billion figure is a conservative estimate.

According to him, the figure only accounts for provably inaccessible ETH, such as coins trapped in flawed contracts or burn addresses. It does not include ETH tied to lost private keys or dormant wallets from Ethereum’s early days, like Genesis wallets that haven’t moved funds in years.

He also pointed out that the figure is significantly higher when factoring in Ethereum’s destruction via the EIP-1559 burn mechanism, with more than 5.3 million ETH permanently removed from circulation. This total exceeds 5% of all ETH ever minted and represents over $23.4 billion in value.

]]> https://earlybirdsinvest.com/over-3-4-billion-in-ethereum-lost-forever-due-to-user-mistakes-and-contract-bugs/feed/ 0 48950 AI-Powered Smart Contract Auditing: The Future of Blockchain Security https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-the-future-of-blockchain-security/ https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-the-future-of-blockchain-security/#respond Fri, 18 Jul 2025 10:26:35 +0000 https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-the-future-of-blockchain-security/
Codezeros

Blockchain technology has introduced a new era of digital trust, transparency, and decentralized operations. At the heart of this innovation are smart contracts — self-executing agreements that automate transactions and processes without the need for intermediaries. While smart contracts bring efficiency and reliability, they also present unique security challenges. Vulnerabilities in code can lead to significant financial losses and reputational damage. As blockchain adoption grows, the need for robust smart contract auditing becomes more critical than ever.

This blog explores how artificial intelligence (AI) is reshaping the way smart contracts are audited, making the process more efficient, accurate, and accessible for businesses. Whether you are a startup, an enterprise, or a Smart Contract Development Company, understanding the benefits and workings of AI-powered auditing can help you make informed decisions about blockchain security.

What Are Smart Contracts?

Smart contracts are digital protocols that automatically execute predefined actions when certain conditions are met. They are widely used in various blockchain applications, including decentralized finance (DeFi), supply chain management, gaming, and more. By removing the need for manual intervention, smart contracts reduce costs and increase transaction speed.

Common Vulnerabilities in Smart Contracts

Despite their advantages, smart contracts are not immune to risks. Some of the most common vulnerabilities include:

  • Reentrancy Attacks: When a contract calls an external contract, which then calls back into the original contract before the first execution is complete.
  • Integer Overflow/Underflow: Errors that occur when a calculation exceeds the storage capacity of a variable.
  • Timestamp Dependence: Relying on block timestamps for critical logic, which can be manipulated by miners.
  • Access Control Issues: Improper implementation of permissions can allow unauthorized actions.
  • Front-Running: Attackers exploiting transaction ordering to gain an unfair advantage.

The Importance of Auditing

Auditing is the process of reviewing and analyzing smart contract code to identify and fix vulnerabilities before deployment. A thorough audit helps prevent exploits, protects funds, and builds trust among users and stakeholders.

How AI Is Changing the Game

Artificial intelligence brings a new dimension to smart contract auditing by automating complex analysis and learning from vast datasets. AI-powered tools can:

  • Analyze large volumes of code quickly.
  • Detect patterns and anomalies that may indicate vulnerabilities.
  • Continuously improve by learning from new exploits and audit reports.

Key Technologies Behind AI-Powered Auditing

  • Machine Learning (ML): Algorithms trained on historical data to recognize security flaws.
  • Natural Language Processing (NLP): Helps interpret code comments, documentation, and logic.
  • Pattern Recognition: Identifies recurring code structures associated with vulnerabilities.

Advantages of AI-Powered Auditing

  • Speed: AI can review thousands of lines of code in minutes.
  • Consistency: Reduces the risk of human oversight.
  • Adaptability: Learns from new threats and adapts detection strategies.

Data Collection and Training

AI systems are trained on extensive datasets containing examples of vulnerable and secure smart contracts. This training enables the AI to recognize subtle indicators of risk.

Code Analysis

The AI examines smart contract code using techniques such as:

  • Static Analysis: Scanning code without executing it to find vulnerabilities.
  • Dynamic Analysis: Simulating contract execution to observe behavior under different scenarios.

Vulnerability Detection

AI models flag potential issues, categorize them by severity, and suggest remediation steps. The findings are then reviewed by human auditors for validation.

Continuous Learning

As new vulnerabilities are discovered and patched, the AI updates its knowledge base, improving its detection capabilities over time.

DeFi Platforms

Decentralized finance projects handle millions of dollars in user funds. AI-powered auditing has helped identify and fix vulnerabilities in protocols such as lending platforms, decentralized exchanges, and stablecoins, reducing the risk of hacks and exploits.

NFT Marketplaces

Non-fungible token (NFT) platforms use smart contracts for minting, trading, and royalties. AI-driven audits have uncovered issues related to ownership verification and royalty payments, ensuring fair transactions.

Supply Chain Solutions

Blockchain-based supply chain systems rely on smart contracts for tracking goods and payments. AI auditing has been used to validate contract logic, preventing fraud and disputes.

Faster Time to Market

AI-powered auditing shortens the audit cycle, allowing businesses to deploy smart contracts more quickly without compromising on security.

Cost Efficiency

By automating much of the analysis, AI reduces the need for extensive manual labor, making audits more affordable for startups and enterprises alike.

Improved Accuracy

AI tools can detect subtle vulnerabilities that might be missed during manual review, providing a higher level of assurance.

Ongoing Monitoring

Some AI solutions offer continuous monitoring, alerting businesses to new threats as they emerge and helping maintain contract integrity over time.

False Positives and Negatives

While AI improves detection, it is not infallible. Some issues may be flagged incorrectly, while others may go unnoticed. Human oversight remains essential.

Data Privacy

Training AI models requires access to large datasets, which may include sensitive or proprietary code. Protecting this data is a key concern.

Evolving Threats

As attack methods evolve, AI models must be regularly updated to stay effective. Ongoing investment in research and development is necessary.

Integration with Existing Workflows

Businesses must adapt their development and audit processes to incorporate AI tools effectively. This may require training and change management.

False Positives and Negatives

While AI improves detection, it is not infallible. Some issues may be flagged incorrectly, while others may go unnoticed. Human oversight remains essential.

Data Privacy

Training AI models requires access to large datasets, which may include sensitive or proprietary code. Protecting this data is a key concern.

Evolving Threats

As attack methods evolve, AI models must be regularly updated to stay effective. Ongoing investment in research and development is necessary.

Integration with Existing Workflows

Businesses must adapt their development and audit processes to incorporate AI tools effectively. This may require training and change management.

  • Reputation: Look for providers with a proven track record in smart contract security.
  • Technology: Assess the AI capabilities and the types of vulnerabilities the tool can detect.
  • Support: Ensure that the provider offers expert support for interpreting results and implementing fixes.
  • Integration: Choose solutions that fit seamlessly with your existing development tools and workflows.
  • What types of vulnerabilities does your AI detect?
  • How do you handle false positives?
  • What is the process for updating your AI models?
  • Can your tool integrate with our development pipeline?
  • What support do you offer during and after the audit?
  1. Define Security Requirements: Identify the level of security needed based on your project’s risk profile.
  2. Select an Auditing Partner: Choose a provider with expertise in AI-powered smart contract auditing.
  3. Prepare Your Code: Ensure your smart contracts are well-documented and ready for review.
  4. Conduct the Audit: Submit your code for analysis and collaborate with the audit team to address findings.
  5. Review and Fix Issues: Work with developers to resolve vulnerabilities identified by the AI.
  6. Deploy and Monitor: Launch your smart contract and monitor it using AI tools for ongoing security.

Can AI replace human auditors?

AI is a powerful tool that can automate and improve many aspects of smart contract auditing. However, human expertise is still needed to interpret complex issues, make judgment calls, and provide context-specific recommendations.

Are AI-powered audits suitable for all smart contracts?

Most AI tools are designed to handle a wide range of smart contracts, but highly specialized or novel contracts may require additional manual review.

How often should smart contracts be audited?

It is recommended to audit smart contracts before deployment and after any significant updates. Continuous monitoring can also help detect new vulnerabilities as they arise.

AI-powered smart contract auditing represents a significant step forward in blockchain security. By combining speed, accuracy, and adaptability, AI tools help businesses identify and address vulnerabilities more effectively. As blockchain adoption continues to grow, investing in advanced auditing solutions will be essential for protecting assets and maintaining trust.

If you are looking for expert guidance and reliable solutions, consider partnering with a trusted Smart Contract Development company. codezeros offers comprehensive smart contract development and auditing services to help you build secure and efficient blockchain applications.

]]> https://earlybirdsinvest.com/ai-powered-smart-contract-auditing-the-future-of-blockchain-security/feed/ 0 48307 Venn Network Stops $10 Million Smart Contract Exploit Before It Strikes https://earlybirdsinvest.com/venn-network-stops-10-million-smart-contract-exploit-before-it-strikes/ https://earlybirdsinvest.com/venn-network-stops-10-million-smart-contract-exploit-before-it-strikes/#respond Fri, 11 Jul 2025 04:02:46 +0000 https://earlybirdsinvest.com/venn-network-stops-10-million-smart-contract-exploit-before-it-strikes/

Venn Network researchers have stopped a security breach that could have stolen more than $10 million from decentralized finance (DeFi) projects.

The researchers identified a hidden weakness in thousands of smart contracts and secured the funds before the attacker could take advantage.

The problem was first spotted by @deeberiroz, a researcher with Venn Network. They found that many ERC-1967 proxy contracts were left uninitialized, which meant they had not yet been fully set up.

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In a July 10 post on X, @deeberiroz said:

Venn Network just discovered a critical backdoor on thousands of smart contracts leaving over $10,000,000 at risk for months.

This left them vulnerable to being hijacked by an attacker, who could insert hidden access and maintain control even after the contracts were later initialized.

Once the issue was discovered, @deeberiroz reached out to other security experts, including @pcaversaccio, @dedaub, and @seal_911. They spent about 36 hours securing funds and fixing the vulnerable contracts before the attacker could act.

Berachain, a DeFi protocol, responded by pausing its incentive contract and transferring its funds to a new contract.

The Berachain Foundation announced on X that no user funds were lost and that incentive claims would resume within a day after updates were finished.

Recently, GMX V1, the platform’s first-generation decentralized exchange (DEX), was forced to suspend trading. What happened? Read the full story.

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]]> https://earlybirdsinvest.com/venn-network-stops-10-million-smart-contract-exploit-before-it-strikes/feed/ 0 46959 Adjusted contract hijacking emits $1 million from Pepe NFT project https://earlybirdsinvest.com/adjusted-contract-hijacking-emits-1-million-from-pepe-nft-project/ https://earlybirdsinvest.com/adjusted-contract-hijacking-emits-1-million-from-pepe-nft-project/#respond Sun, 29 Jun 2025 01:53:34 +0000 https://earlybirdsinvest.com/adjusted-contract-hijacking-emits-1-million-from-pepe-nft-project/

A set of NFT collections tied to Matt Furie, creators of Pepe Meme and creators of Chainsaw Studio strike By a series of contract hijacking That was connected Stolen over $1 million. The attackers controlled the mint contract, reduced revenue, issued new tokens, wiped out value, and surprised collectors. Many fans were shocked to see Pepe Creator’s NFT project targeted by attackers with deep access to the mint function.

Theft was not a one-off hit. It is developed in stages across multiple days and collections, suggesting a deeper understanding of how careful planning and projects are structured. The fact that the attackers gained control from within the contract level has sparked serious concerns across the NFT community.

How the attack unfolded

It began early on June 18th when the Replicandy Mint contract, part of the chainsaw ecosystem, was taken over. Ownership was quietly transferred to the new address. It gave the attacker complete control. They empty the Mint Fund, resumed the contract and created a new token. These were pushed out quickly and flooded the market crash price.

A few days later, the same playbook was used in the other three chainsaw connection collections: Pepplicator, Hetz, and Zoag. The total emissions at that time were estimated to be above $300,000, but the pursuit showed that it did not stop. The attackers moved the stolen funds to various wallets and cashed out via MEXC exchanges.

On-chain researchers, including ZachxBT, tied the activity to wallets that interacted with previous contract exploits. Their analysis Showed The process wasn’t like that just It’s opportunistic but systematic.

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There is doubt about freelance code employment

Things changed even further when investigators discovered a GitHub profile that appears to be based in the US but was linked to a developer who used tools and settings related to North Korea. VPN data and local preferences raised the red flag. The doubt is that some of the contract access may have come From developers hired through open platforms, full Review process.

Pepe Creator's NFT project hit a major contract hack
Source: Zachxbt on X.com

Another similar incident, a new NFT project called Favrr lost $680,000 under nearly identical conditions. Their CTO disappeared, and the funds from the attack followed the same washing patterns. This encourages concern as people believe that multiple projects may have been compromised through the same outsourcing channel.

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Aftermath and silence

The FAVRR team has announced that it will refund users and conduct a full review of the contract architecture. Chainsaw and Matt Furie take a different approach. They shut down public chat channel, contact form deleted, left collector deleted If anything, what should you guess? Intention I’ll do it.

24 hours7d30D1Yeverytime

Floor prices for the affected collections have collapsed. Some owners want a recovery plan, while others have begun to amortize tokens as a complete loss.

What you’re talking about NFT security

This incident highlights a bigger problem in the NFT space. Too many projects Depend About external developers right Security check. Mint Contracts are a powerful tool. Once someone accesses, they can change rules, unlock funds, and create or destroy value in a few minutes.

Now, collectors are asking more questions before diving into the new drop. Who manages the contract? How is the code reviewed? what Kindness Security teeth In place?

Without a clear answer, this may not be the last time the entire community will see its assets disappear overnight.

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Key takeout

  • The hackers stole over $1 million from the Pepe NFT project by hijacking smart contracts tied to Chainsaw Studio and Matt Furie.

  • The attack created multiple collections, drainage funds and new tokens, crashing floor prices across projects like Pepplicators and Hets.

  • Evidence suggests that the violations were brought through freelance developers, with suspicious ties with North Korea and poor internal security practices.

  • The associated exploits followed the same laundry path, sparking a fear of wider vulnerability, and were hit with the Favrr NFT project for $680,000.

  • This highlights the increased risk of the NFT space. The project team will allow the project team to access Mint level permissions without adequate protection.

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    Anthony Clark

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    Anthony Clark’s crypto journey began in 2017 and was triggered by the discovery of Quora. After purchasing Bitcoin and Verge as his first cryptocurrency, he became deeply interested in the emerging world of blockchain technology. This made him start writing…Read more

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