Designing Secure Ethereum Smart Contracts: A Finite State Machine Based Approach

The adoption of blockchain-based distributed computation platforms is growing fast. Some of these platforms, such as Ethereum, provide support for implementing smart contracts, which are envisioned to have novel applications in a broad range of areas, including finance and Internet-of-Things. However, a significant number of smart contracts deployed in practice suffer from security vulnerabilities, which enable malicious users to steal assets from a contract or to cause damage. Vulnerabilities present a serious issue since contracts may handle financial assets of considerable value, and contract bugs are non-fixable by design. To help developers create more secure smart contracts, we introduce FSolidM, a framework rooted in rigorous semantics for designing con- tracts as Finite State Machines (FSM). We present a tool for creating FSM on an easy-to-use graphical interface and for automatically generating Ethereum contracts. Further, we introduce a set of design patterns, which we implement as plugins that developers can easily add to their contracts to enhance security and functionality

solc-verify: A Modular Verifier for Solidity Smart Contracts

We present solc-verify, a source-level verification tool for Ethereum smart contracts. Solc-verify takes smart contracts written in Solidity and discharges verification conditions using modular program analysis and SMT solvers. Built on top of the Solidity compiler, solc-verify reasons at the level of the contract source code, as opposed to the more common approaches that operate at the level of Ethereum bytecode. This enables solc-verify to effectively reason about high-level contract properties while modeling low-level language semantics precisely. The contract properties, such as contract invariants, loop invariants, and function pre- and post-conditions, can be provided as annotations in the code by the developer. This enables automated, yet user-friendly formal verification for smart contracts. We demonstrate solc-verify by examining real-world examples where our tool can effectively find bugs and prove correctness of non-trivial properties with minimal user effort.Comment: Authors' manuscript. Published in S. Chakraborty and J. A. Navas (Eds.): VSTTE 2019, LNCS 12031, 2020. The final publication is available at Springer via https://doi.org/10.1007/978-3-030-41600-3_1