BEP20 Contract for IRISnet Token (IRIS)

CertiK1 Mar 20241 address on BNB Chain

CertiK reviewed IRIS Network (BEP20 Contract for IRISnet Token (IRIS)) on 1 Mar 2024: 3 findings, 0 critical; all acknowledged, none fixed.

No open critical findings

Open the report Open IRIS Network’s security record

Report hosted on skynet.certik.com.

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Findings3

Statuses are the security firm’s own, from its report.

Severity	Open	Acknowledged	Fixed
Critical	0	0	0
High	0	2	0
Medium	0	1	0
Low	0	0	0

HighCentralization Related RisksAcknowledged

In the contract `BEP20Cosmos`, the role **Owner** has authority over the following functions: - function `mint()` Any compromise to the **Owner** account may allow a hacker to take advantage of this authority and mint an arbitrary amount of tokens.

HighInitial Token DistributionAcknowledged

All of the `IRIS` tokens are sent to the contract deployer when deploying the contract. This could be a centralization risk as the anonymous deployer can distribute tokens without obtaining the consensus of the community. Any compromise to the deployer account that holds undistributed tokens may allow the attacker to steal and sell tokens on the market, resulting in severe damage to the project.

MediumSolidity Version Not RecommendedAcknowledged

Solidity frequently releases new compiler versions with improved security features and bug fixes. Using an outdated version prevents access to these enhancements and may leave the smart contract vulnerable to known issues. ```solidity pragma solidity 0.5.16; ```