How does smart contract security affect tokens?
Smart contract security is critical in token development because vulnerabilities can lead to hacks, fund losses, or project failure. Smart contracts control token issuance, transfers, and access rules, making them a primary attack target. Security flaws such as reentrancy attacks, overflow errors, or poor access control can be exploited. To mitigate risks, developers follow best practices like using audited libraries, conducting code reviews, and performing third-party security audits. Regular testing and updates also help maintain contract integrity. Secure token development builds investor confidence, protects user assets, and ensures long-term project stability in a highly competitive blockchain environment.
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