Upgradeable Smart Contracts (USCs): Exploring The Concept And Security Risks
Upgradeable smart contracts are bringing flexibility to the otherwise immutable code. Many companies, such as Compound Finance and OpenSea widely adopt them as the future of smart contract development. However, security problems are also emerging. Critics say upgradeability weakens blockchain’s immutability, while supporters believe it enhances safety by addressing bugs and preventing exploits. Letβs break