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The current Web3 smart contract approval model is too dangerous for mainstream adoption

OverviewDebatesRelated claimsTopicsSources
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Marketplaces bear primary responsibility for the security risks of legacy smart contract approvals

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Developers should design all smart contracts with pause or upgrade mechanisms

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Crypto protocols should abandon single-signature authorization for critical smart contract functions

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DeFi protocols should restrict smart contract interactions to prevent exploits

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Traditional rating agencies should assess smart contract code risks