To learn about what is happening on blockchain, there is an effective tool that is commonly used: Etherscan. We tend to trust it and use it all the time. However, is it as credible and reliable as the developers claim? Can’t it be manipulated? So many questions that you will find answers to in the following development.
The simple methodology to manipulate Etherscan
Etherscan is part of the large family of block explorers useful for learning about blockchain. It provides a lot of important information. For example, with this tool, it is possible to know the supply of the blockchain and the contract that governs its operation. However, despite its performance, this software can easily handled.
Let’s say a developer decides to launch a project, but wants to fake his tokenomics to avoid being noticed. Contrary to what one might think, with Etherscan, it is indeed possible. To do this, he needs only modify a parameter in the original contract by importing ERC20 from OpenZeppelin locally on its developer environment. How to do? All you have to do is change the “_balances” property from ” private “at” internal “.
Once this modification is done, it is necessary add the token to Metamask. In these circumstances, the data revealed by Etherscan will be different from the data that corresponds to reality. This is how many dishonest developers manage to mislead the vigilance of Internet users by presenting them with completely erroneous false data to lure them into traps.
Avoid falling into a trap
There are not 60,000 techniques to escape the traps set by malicious developers. There is only one and it is very effective: Read a blockchain contract. For anyone considering using blockchain, it is essential to read all contracts carefully before starting. This is the best strategy to protect yourself from fake developers.
When checking the contract, it is essential analyze readability and the information provided therein. In this way, it will be possible to get the best possible chance from manipulations with powerful software such as Etherscan.
Etherscan is one of the most powerful tools used to analyze blockchain. However, contrary to what has been said, it is not completely invulnerable to the manipulations of competent developers. Unfortunately, many people have already fallen into the trap of those people with bad intentions. It is possible to get away from it though!
Get a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
Behind the generic signature “Redaction CT” are young journalists and authors with specific profiles who wish to remain anonymous because they are connected to the ecosystem and have certain obligations.