The Future of Ethereum | Barnabé Monnot, Co-Lead of Research at the Ethereum Foundation
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Smart Contract Transparency
The transparency of public blockchains helps to ensure the honesty of smart contracts. Larger apps are more likely to be scrutinized by users, which helps to maintain the health of the system. Users always have the option to exit if they identify an issue with a smart contract. Unlike traditional finance, where activities are hidden within a firm, public blockchains enable policing and signaling, reducing the risk of backdoors. Scrutiny from the community acts as a safeguard against scams, as someone is likely to identify and report malicious code. Resources like BundleBear.com, maintained by 0xKofi, offer metrics on EIP 7702 and smart contract account adoption.
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