Hey! My name's Kirill Ziborov and I'm a member of the Distributed System Security team at Positive Technologies. In this article, I'll be continuing the discussion of methods and tools for the formal verification of smart contracts and their practical application to prevent vulnerabilities. The main focus will be on the deductive verification method, or more precisely, the ConCert framework for testing and verifying smart contracts.
Cryptocurrencies
Money 2.0
Copy Trading: A Viable Earning Strategy or Just Another Broker Scam?
Hello everyone!
A year ago, I became curious about whether it was possible to earn money in crypto by copying the trades of other traders. Instead of investing money right away, I decided to thoroughly explore this by writing a parser that monitored about 2,000 portfolios in real-time over the course of a year.
Initially, I parsed the Traderwagon site, which unfortunately shut down. I then switched to Binance's copy trading, which was just starting out at the time.
The number of portfolios available for investment on Binance is continually growing; currently, there are over 10,000. My script only parsed a portion of these to maintain about 2,000 consistent portfolios. This was necessary to track changes in traders' positions at least every 20 minutes with the server resources I had allocated for the project.
There are several peculiarities in how my parser operates. For example, when a trader hides their positions, my script also closes them since it can't monitor hidden trades. When a trader significantly adjusts their position, such as a complete turnaround, the script exits the trade. I chose to save time on developing a more complex follow-algorithm and planned to refine it later if the testing stage proved successful. I also limited the time a trader could stay in a deal to a few days and forcibly closed positions if this period was exceeded. I observed that staying in a trade longer slightly increased the average profit/loss, whereas reducing the time allowed for reinvesting the same funds into a greater number of traders and their deals.
Empowering Digital Artists: Building a Royalty-Enabled NFT Marketplace
As NFTs spread across the world, users spent millions of dollars to buy digital assets to prove their uniqueness. Many creators and artists showcase their beautiful products, such as artworks, music, etc., in the NFT marketplace. What if a creator can profit from their work even after selling it to another business? This is where royalty comes in; it is a recent addition to the NFT space. Owing NFT royalties can benefit artists and creators from succeeding sales to the business.
Once NFT royalties became a hot topic and gained popularity among artists and creators. Later, arguments were evolved to remove royalties that had swayed other NFT creators. DeGods, the popular Solana's NFT project, has moved its royalty model to 0%. However, creating a royalty-based NFT marketplace attracts many creators around the world. In this article, we will delve into the development process of NFT marketplace royalties and how it benefits enthusiastic artists from secondary sales.
ATM security analysis 3.0: PHDays 12 in review
Python, Java, C++, Delphi, PHP—these programming languages were used create a virtual crypto ATM machine to be tested by the participants of the $NATCH contest at Positive Hack Days 12. The entire code was written by ChatGPT and proved to be exceptionally good. This time, we had reviewed the contest concept and decided to use a report system. In addition to standard tasks (kiosk bypass, privilege escalation, and AppLocker bypass), this year's participants faced new unusual tasks. Read on below to find out which ones.
How to access real-time smart contract data from Python code (using Lido contract as an example)
Let’s imagine you need access to the real-time data of some smart contracts on Ethereum (or Polygon, BSC, etc.) like Uniswap or even PEPE coin to analyze its data using the standard data scientist/analyst tools: Python, Pandas, Matplotlib, etc. In this tutorial, I’ll show you more sophisticated data access tools that are more like a surgical scalpel (The Graph subgraphs) than a well-known Swiss knife (RPC node access) or hammer (ready-to-use APIs). I hope my metaphors don’t scare you ?.
DAOs trends in 2023 — or why DAOs can become the leading one in web3
Against the backdrop of a sharp decline in venture investments in various traditional industries (this is clearly related to the global economic situation), but against the backdrop of certain upheavals in the crypto industry, the question arises of a driver that can become one of the «pillars» of the development of a decentralized industry.
Blockchain use in marketplaces — and how Account Abstraction can help it
Today, it becomes quite obvious that the situation with web3 technology is becoming similar to the situation with programmatic advertising 10-12 years ago. When programmatic-ads just started, the major market players were not very optimistic - it was much easier for them to follow the well-known paths with chains of publishers and agencies. However, once programmatic got rid of the «childhood diseases» and became simple in use, effective in attracting customers, it has taken a dominant position in the modern advertising market - providing precise targeting and cost reduction. The situation with web3 is similar - all publishers ideally want to have systems for lifetime tracking of customer achievements (that is, Soul Bound tokens in web3), theoretically stable decentralized data storage systems that cannot be broken through a simple server attack, real users’ ownership for his content, as well as simple cross-border payment systems that have built-in algorithms for calculating all duties and taxes. Sounds like a perfect world, but even Amazon doesn't do that yet. Why?
The problem is the web3 entry point, which is difficult for users. As soon as they start talking about opening a crypto wallet, about 12 phrases as a backup, most users interrupt the onboarding process and immediately leave the site. This is obvious - over the decades of the development of the digital market, users have become accustomed to facilitating and simplifying systems for interacting with the site. One-click registration, effective convenient UI, visibility and the «metro principle», where the client is led by the hand – this is modern digital progress. And here some 12 phrases are offered, incomprehensible tokens - and, most importantly, why? So, it turns out that a self-sufficient audience of geeks or really advanced users revolves around web3, which is growing weakly.
Tutorial. Onchain Analysis basics
Last week, I introduced you to the world of onchain analysis and explored some of the ways it can be used to gain insights into the cryptocurrency market.
Today, we're taking things up a notch with a tutorial that will guide you through running your own onchain analysis. By the end of this tutorial, you'll have the skills and knowledge you need to start analyzing blockchain data and making informed decisions about your cryptocurrency investments. So let's dive right in and see what insights we can uncover!
This tutorial is built around the Bitcoin blockchain, but many of the techniques are applicable to any other blockchains as long as they have wallets, balances, and transactions.
Onchain Analysis in Simple Terms
Hey there, my fellow crypto enthusiast! Are you looking to take your trading game to the next level and gain a deeper understanding of the market trends and behavior? If so, then onchain analytics is the perfect tool for you.
Elliptic curves and ECDSA: everything to know to sign a transaction in Bitcoin from scratch
This is the complete crash course on the Elliptic Curves Cryptography used in Bitcoin and other blockchains. With code samples and a live demo from scratch.
Utilitarian blockchain. 1. Assets
In the modern world, the term " **blockchain** " is steadily associated with cryptocurrencies, NFTs, mining, trading and financial pyramids. However, even among programmers and IT people there is not always a clear understanding of what it is and what it is for.
This article attempts to look at this still relatively new element of the information and human space in practical and slightly philosophical aspects.
> **Disclaimer**: The article will use simple language to explain non-trivial concepts, so non-critical distortion of technical details is possible.
The Cryptocurrency Bandwagon
The spread of cryptocurrencies contributed to the development of many solutions based on a distributed ledger technology (blockchain). Although the scope of these solutions varies, most of them have the same basic set of security services, i.e. confidentiality, authenticity, and integrity. These features are granted by the practical applications of public key cryptography, in particular, digital signature (DS). But unlike many other applications of public key cryptography, cryptocurrency networks do not use public key certificates. This is the aspect that we would like to talk about.
How to Build a Cryptocurrency Exchange App in 2022
Do you plan to start a cryptocurrency exchange business? If so, now is the perfect time. The easiest and safest way to make money from cryptocurrencies is to create a crypto-exchange application. Regardless of whether traders and investors make or lose money, the cryptocurrency exchange will remain a winner in any case.
But, how to open a cryptocurrency exchange app? So, let’s look at the main stages of the process.
Mina Monitor — convenient monitoring your Mina nodes
My name is Serhii Pimenov. I’m a web developer from Kyiv, Ukraine (maybe you know me by the nickname olton).
Today I'm going to speak about one of my tools for the Mina blockchain - “Mina Monitor”. It’s the first article in the series about Mina and Mina Tools. In this article, I will introduce you to my tool for monitoring the Mina nodes.
Atomic Swaps — Taking out the Middleman
And so here we find ourselves in the year of our lord 2021. Global crypto market capitalization is approaching $2 trillion. PayPal is launching a crypto checkout service. Lindsay Lohan is shilling Tron. The Dogecoin Super Bowl commercial didn’t happen, but Elon’s taking it “literally” to the moon instead. Our ascendancy is complete. Crypto is mainstream. But, even today, getting your hands on certain crypto assets can be a bit of an epic journey.
5 Thought-Provoking Use Cases Of Blockchain In Diverse Industries
Blockchain is a decentralized technology that maintains a record of all transactions occurring over a peer-to-peer network. Due to Blockchain's several different high-level use cases, numerous industries described Blockchain as the 'magic beans.'
Blockchains store the record in a decentralized system that is interconnected. This technology lessens vulnerability and enhances transparency in all industrial sectors as information is stored digitally, and it does not have any centralized point to carry out the transactions.
Do You Know?
Top 10 Blockchain Development Companies To Partner With In 2020-21
Global Blockchain solutions spending is expected to surpass $15.9 billion in 2023. At the same time, this expenditure was $1.5 billion in 2018. Indeed, this is a huge influx in global spending, which depicts how companies will be investing more in blockchain solutions and blockchain-based mobile apps.
In this group, the major contribution will be seen from industries including finance, banking, healthcare, agriculture, and more. Amidst, outsourcing Blockchain development companies will also gain prominent attention.
If you are thinking about having Blockchain integration within your business solution, you must be having several questions in your mind, such as: what are the benefits of blockchain? Which are the best companies to hire? And more.
How to develop and publish a smart-contract in the Telegram Open Network (TON)
What is this article about?
In this article, I will tell about my participation in the first (out of two so far) Telegram blockchain contest. I didn't win any prize. However, decided to combine and share the unique experience I have had from the start to finish line, so my observations could help anyone who is interested.
Since I didn't want to write some abstract code, instead make something useful. I created instant lottery smart-contract and website which shows smart-contract data directly from Telegram Open Network (TON) avoiding any middle storage layers.
The article will be particularly useful for those, who want to write their first smart-contract for TON but don't know where to start.
Using the lottery as an example, I will go from setting up the environment to publishing a smart contract, interacting with it. Moreover, I will create a website that will show smart-contract data.
Future economics for physicists
Annotation. This article gives an analogy between the forces of nature and various types of money. A justification for the "money conservation laws" is made. Explanation of the IT-money phenomenon by analogy to physics laws is given, as well as gold and currency money. The transition from the gold and currency to the gold-currency-computing economy is considered. A reasonable assumption is made that the fourth type of money after gold, securities and IT money will be so-called "citation indices" or "ratings", which are similar in their properties to stock indices.
This article is an attempt to understand what money is from the physics and econophysics points of view. Econophysics (economics and physics) is an interdisciplinary research field, applying theories and methods originally developed by physicists to solve problems in economics, usually those including uncertainty or stochastic processes, nonlinear dynamics and evolutionary games.
9 Key Benefits Of Blockchain Technology In Sports Software
There are numerous benefits provided by blockchain technology for sports betting software. The nine key benefits are detailed below.
Security of Blockchain
When this technology is integrated into sports betting software, there is a permanent and unchangeable record in the transaction ledger providing transparency. Sportsbooks must be certain their betting data is delivered safely with all bets resolved correctly and quickly. This technology provides significantly better protection through the use of smart contracts. Decentralized actors handle the wagers with the smart contracts being executed automatically. Publicly written data cannot be altered. The complex system of the past is simplified and performed for much less than the traditional costs. Blockchain Development Services, Blockchain Solutions are paramount not only in sports betting but every aspect of the new business world. Blockchain technology experts integrate cryptocurrency payment solutions, program smart contracts, and engineer blockchain networks and apps.
This provides better protection, flawless bet execution, enhanced data security, and complete information transparency. The use of cryptocurrency significantly decreases the fees for payment processing. This reduces the margins for the sportsbook while offering players an increased chance to win. Once the bets have been resolved with a smart contract, the funds will be in the wallet of the better for almost immediate withdrawal. Any issues for even larger amounts are eliminated due to cryptocurrency payouts.
Authors' contribution
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