{"id":84708,"date":"2023-09-19T16:39:03","date_gmt":"2023-09-19T13:39:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84708"},"modified":"2025-09-12T18:58:23","modified_gmt":"2025-09-12T15:58:23","slug":"ethereum-developers-unveil-new-security-standard-for-smart-contracts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-developers-unveil-new-security-standard-for-smart-contracts\/","title":{"rendered":"Ethereum developers unveil new security standard for smart contracts"},"content":{"rendered":"<p>A group of developers proposed the ERC-7512 standard, aimed at increasing the security of Ethereum smart contracts through additional intra-network verification of their audits.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">To bring in security to the mix <a href=\"https:\/\/twitter.com\/safe?ref_src=twsrc%5Etfw\">@safe<\/a> and security partners introduce ERC-7512 as a proposed standard to bring audits onchain <a href=\"https:\/\/t.co\/uyviFnBGkH\">pic.twitter.com\/uyviFnBGkH<\/a><\/p>\n<p>\u2014 Cl3m (@blockomotive) <a href=\"https:\/\/twitter.com\/blockomotive\/status\/1702720109184221575?ref_src=twsrc%5Etfw\">September 15, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The authors of the proposal included developers from Safe, Ackee Blockchain, OtterSec, ChainSecurity, OpenZeppelin and Hats Finance.<\/p>\n<p>ERC-7512 would enable thorough analysis of smart-contract audit results. At present, audits are performed manually by teams without on-chain verification of their authenticity.<\/p>\n<p>If the standard is adopted and implemented, it would also enable an intra-network reputation system for trusted auditors of decentralized applications.<\/p>\n<p>The need for a new standard arose from losses in the DeFi sector due to exploits. Experts estimate the industry&#8221;s losses from hacks and fraud in the first half of 2023 at <a href=\"https:\/\/forklog.com\/en\/news\/report-crypto-industry-losses-from-hacks-and-scams-total-655-million-in-six-months\">$655.6 million<\/a>.<\/p>\n<p>Earlier in July, a group of Ethereum community developers proposed <a href=\"https:\/\/forklog.com\/en\/news\/developers-propose-ethereum-standard-to-curb-defi-project-hacks\">standard ERC-7265: Circuit Breaker<\/a> to enhance the security of DeFi protocols.<\/p>\n<p>The solution enables developers to insert into smart contracts an automatic circuit breaker, which halts token transfers when a threshold rate of asset outflow is reached.<\/p>\n<p>In March, the Ethereum team <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-team-implements-smart-account-functionality\">activated<\/a> the ERC-4337 standard, which implements the concept of <a href=\"https:\/\/forklog.com\/en\/news\/what-is-account-abstraction\">account abstraction<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers proposed the ERC-7512 standard aimed at increasing the security of Ethereum smart contracts through intra-network verification of their audits.<\/p>\n","protected":false},"author":1,"featured_media":84709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[967,1111,46,649],"class_list":["post-84708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-audit","tag-cybersecurity","tag-ethereum","tag-standards"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=84708"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84708\/revisions"}],"predecessor-version":[{"id":84710,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84708\/revisions\/84710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/84709"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=84708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=84708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=84708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}