Slow Mist Cosine: ERC404 is not yet a mature standard, and its mechanism may bring new security risks
SlowMist founder Yu Xian stated in a post on X platform, "The new mechanism will definitely bring new security risks. If a protocol does not handle the ERC404 dual-coin mechanism well, unexpected consequences may arise. It is also important to note that ERC404 is not a mature standard yet, and after reviewing the contract codes of several projects, there may be some modifications, which could lead to security risks caused by differences."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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