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What Are Smart Contracts? How Do They Work, and Why Do Risks Still Exist?
In the Web3 world, smart contracts are the foundation of many blockchain applications. From DeFi lending to NFT trading, many operations rely on code that executes automatically. But smart contracts are not absolutely secure. Understanding how they work is key to seeing the risks behind their efficiency.
First, what is a smart contract?
A smart contract is a program deployed on a blockchain that processes transactions and state changes according to predefined rules. It is not a legal contract in the traditional sense, no
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$XAG
Downside 'A' Wave Formation
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Trenches
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ETH short from 2,328 to 2,303, 2,500 in the bag
At Sister Yue’s, there’s no need to watch the charts. Get the direction right and hold your position, and profits will follow naturally. $ETH #Gate is the first to launch 7×23 gold CFD trading
ETH-1.23%
BTC Fund Flows Return, While ETH Remains Under Heavy Selling Pressure
BTC spot ETFs have resumed net inflows, but ETH spot ETFs continue to see substantial outflows, with institutional capital clearly favoring BTC.
The overall structure for both remains weak, but both are near short-term lows, so don't chase shorts.
【BTC Strategy】
Direction: Short on a rebound
Entry: Resistance at 80100—80250, followed by a pullback from the highs
Target 1: 79600
Target 2: 79000
🔴 Stop-loss: Above 80500
【ETH Strategy】
Direction: Short on a rebound
Entry: Fails to hold above 2320—2332 and weakens again
Target
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ETH-1.26%
BTC-0.67%
$Q Volume continues to contract as prices keep falling—the chance for trapped long positions to break even is here!
The price surged 330% in less than a day, and anyone who entered anywhere near the bottom made a killing. Most of you may have gone short along the way and ended up trapped halfway up. The chance to get out is finally here. That’s how altcoins are: market makers won’t pass up a chance to trap anyone blindly trying to pick tops and bottoms. Only by following the trend can you profit steadily and stay in control. This pullback has already turned into a one-way move.
Guan’s view: At
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Q-27.77%
btc updates
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U.S. stocks are up, Japanese stocks are up, Korean stocks are surging, and only A-shares are making a serious effort to fall. Is this what they call “resilience”? A textbook case of following the declines but not the rallies. You have to hand it to them. 📉👋
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Ant Financial is finally going public!!
Its stock ticker is “ANT”
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$BTC $ETH Go long BTC and ETH—let's go
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BTC-0.65%
ETH-1.23%
$ETH is currently at 2304.19, down 0.78% over 24H. The 1H trend is weak compared with the weak 4H trend. Watch whether it can hold above resistance at 2344.72 and reclaim support at 2295.88 if it breaks below. Volume is only 0.29x the average. The market is volatile; for observation only.
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ETH-1.26%
4x account growth is underway: Only with aligned direction and goals can we go further and last longer.
The market has its rhythm, and every trade has a plan. With mutual trust and coordination, we move forward steadily.$XAU ‌
XAU+0.38%
@SatishNadar14 is our premium member and he did it!
Today he actually did 2x one more time in front of us
$NIL is top gainer today!
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NIL+10.68%
btc updates
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#宏观关键周 Interest Rate Decisions vs. Tech Earnings—Which Moves Markets More?
‌The impact of Federal Reserve interest rate decisions far outweighs that of any single tech giant’s earnings report‌; they are currently the core market-wide driver.
Interest rate decisions directly determine how tight or loose dollar liquidity is, affecting nearly all major asset classes, including US stocks, crypto, and gold, and serving as the market-wide pricing benchmark.
Tech earnings from companies like Microsoft affect only the companies themselves and related AI-chain assets; their reach across the broader mar
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MSFT+1.56%
BTC-0.67%
NDAQ+2.05%
GOOGL-1.05%
AMZN+0.40%
🔥 Gate Square Creator Comeback Program | Return to creating, win up to 30 USDT
In October, Gate Square invites outstanding creators to return!
Create for 3 / 7 / 14 consecutive days to unlock USDT rewards. All Top 100 creators have a chance to earn leaderboard rewards, and the top-ranked creator can win 30 USDT + a 200 USDT position experience voucher + premium merchandise.
📌 Sign up → Return to posting → Keep creating → Climb the leaderboard
⏰ Deadline: October 31
Sign up now:
https://www.gate.com/campaigns/6692
Event details:
https://www.gate.com/announcements/article/102058
‍#GateSquare #
GateSquare
🔥 Gate Square Creator Comeback Program | Return to creating, win up to 30 USDT
In October, Gate Square invites outstanding creators to return!
Create for 3 / 7 / 14 consecutive days to unlock USDT rewards. All Top 100 creators have a chance to earn leaderboard rewards, and the top-ranked creator can win 30 USDT + a 200 USDT position experience voucher + premium merchandise.
📌 Sign up → Return to posting → Keep creating → Climb the leaderboard
⏰ Deadline: October 31
Sign up now:
https://www.gate.com/campaigns/6692
Event details:
https://www.gate.com/announcements/article/102058
‍#GateSquare #Gate广场 #GT #Web3
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GT-2.41%
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𝗦𝗢𝗟𝗔𝗡𝗔 𝗦𝗘𝗖𝗨𝗥𝗜𝗧𝗬 𝗔𝗟𝗘𝗥𝗧 🚨
🔴 Bloom Bot Exploit: $947K Reportedly Drained
Solana trading bot Bloom says an attacker drained approximately 9,408 $SOL worth around $947,000, from 49 wallets belonging to 9 users.
⚠️ Reported Cause: A vulnerability in a third-party module was exploited.
🛡️ Security Reminder: Users should review Bloom’s official updates, revoke suspicious permissions where applicable, and secure any affected wallets.
📊 Market Impact: The incident raises concerns about third-party integrations and wallet security across the Solana ecosystem.
#ShareWeekly #USAIAnd
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🏆 WCTC S9 Futures Special Event kicks off—how will you make your first trade?
A boosted 100,000 USDT prize pool is ready:
📅 Check in with daily futures trades for a chance to win up to 100 USDT
👥 Form or join a team and share in the exclusive 30,000 USDT team prize pool
🥇 Compete in the individual showdown for a share of the 25,000 USDT prize pool, with up to 200 USDT per winner
📊 Show your skills in the arena, discuss strategies in the Square
Share your trading results, team rankings, or trade recaps with #WCTCS9 : Why did you enter? How did you set your take-profit and stop-loss? What’s
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GateSquare
🏆 WCTC S9 Futures Special Event kicks off—how will you make your first trade?
A boosted 100,000 USDT prize pool is ready:
📅 Check in with daily futures trades for a chance to win up to 100 USDT
👥 Form or join a team and share in the exclusive 30,000 USDT team prize pool
🥇 Compete in the individual showdown for a share of the 25,000 USDT prize pool, with up to 200 USDT per winner
📊 Show your skills in the arena, discuss strategies in the Square
Share your trading results, team rankings, or trade recaps with #WCTCS9 : Why did you enter? How did you set your take-profit and stop-loss? What’s your next move?
🎁 Join the Square’s companion event to share your results and discuss strategies for a chance to share in the 50,000 USDT prize pool and win GT rewards.
👉 Join the futures event
https://gate.onelink.me/7pdk/a5e782ab8355fd33
👉 Join the Square event
https://www.gate.com/campaigns/6559
‍#WCTCS9 #合约
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GT-2.41%
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Flight attendant: No, no, that's not right? Oh, right, right, right.
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Gold prices have been looking good these past couple of days, so I’ve started allocating to gold again. But when you hold gold, do you just wait for the price to rise? Are there any other uses for it?
Absolutely! Unlike simply tokenizing gold and silver, the HardFi built by @strato_net aims to create an on-chain financial system centered around real-world assets. The project has issued two metal tokens, $GOLDST and $SILVST , backed by physical reserves. They can be used directly as CDP collateral to mint the dollar-pegged stablecoin $USDST. The overall logic is much like the DeFi collateraliz
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PAXG+0.37%
XAUUSD-0.53%
XAGUSD-2.02%
ETH-1.26%
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