How can smart contract security be enhanced to prevent vulnerabilities in prediction market platforms?
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Code Audits: Regular audits by security experts ensure the smart contract's integrity.
Penetration Testing: Conduct thorough penetration tests to identify and fix potential vulnerabilities.
Use Proven Libraries: Rely on established and secure smart contract libraries to minimize risks.
Limit Access: Restrict access and permissions to minimize potential attack surfaces.
Continuous Monitoring: Implement real-time monitoring for unusual activities or vulnerabilities.
Bug Bounty Programs: Encourage ethical hackers to find and report vulnerabilities through bug bounty programs.
Secure Key Management: Ensure robust key management practices to protect private keys and sensitive data.
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