Ethereum smart contract security: Design, risks and protection approaches.

A concept of the smart contract powered by Ethereum has raised the attention of investors in the crypto-currency market in the light of the distributed account book techniques in the Era of Blockchain 2.0. Based on the digitalization of the financial tools, smart contract adopts the smart validation and execution of the computation protocols extending the blockchain to the application level of use to reinforce the security and transparency of transaction deals. This paper aimed to investigate the principle, functions, ground mechanism of the smart contract, and protection approaches and evaluated the security issues existed in the investment process. Lastly, the paper summarized the Smart Contract design and development, loopholes, and protection approaches in the Smart Contract applications. [ABSTRACT FROM AUTHOR]