How Does Sherlock's Smart Contract Coverage

In this video, Jack explains Sherlock's Smart Contract Coverage in simple terms. The talk covers how it affects platforms like Uniswap, the basics of insurance in this context, and how it all works.

Watch the full interview here: https://youtu.be/hfCHaTR12SM

Become a Certified Smart Contract Auditor: https://johnnytime.xyz/smart-contract-hacker

Jack describes smart contract coverage as a kind of safety net for digital contracts. For instance, if Uniswap faces a potential issue, Sherlock steps in to help financially, and in return, Uniswap regularly pays Sherlock.

The discussion emphasizes Sherlock's on-chain approach, meaning all processes happen directly on the blockchain. To detect potential issues, Sherlock uses both a human-based system and technology called UMA Optimistic Oracle.

The talk also touches on problems with trigger-based systems, which can lead to false alarms and impact user earnings. Jack, as explained, prefers a cautious on-chain approach.

Whether you're a solo auditor or a protocol looking for a potential audit, if you were wondering how does the smart contract coverage work and what it means, Sherlock's co-founder himself is breaking it down in this video. ... https://www.youtube.com/watch?v=FzjNeLpaqGg