Cryptocurrency Q&A
Can a smart contract be breached?
Can a smart contract be breached?
CryptoTitanGuard
Tue Jul 02 2024
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6 answers
1324
Could you elaborate on the possibility of a smart contract being breached? I'm particularly interested in understanding whether the immutability of blockchain technology renders smart contracts invulnerable to breaches. Are there any known vulnerabilities or loopholes that could be exploited? Additionally, if a breach does occur, what legal or technical measures can be taken to address it? I'm curious to know if smart contracts offer the same level of security and enforceability as traditional legal contracts.
6 answers
Martino
Thu Jul 04 2024
From a legal standpoint, the challenges in establishing a breach of contract in a smart contract solely comprised of code are noteworthy.
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CryptoGuru
Thu Jul 04 2024
The interpretive constraints posed by code-based contracts can hinder the determination of whether or not a contract has been violated.
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Giuseppe
Thu Jul 04 2024
These constraints are primarily due to the lack of traditional legal precedents and frameworks for interpreting and applying the rules of contracts to smart contracts.
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Bianca
Thu Jul 04 2024
In order to rectify a contractual issue, a court may decree that one party enters a revised agreement onto the ledger.
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Filippo
Thu Jul 04 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to its users, including spot trading, futures trading, and wallet management.
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