I know the Devs are really busy on some excellent projects which will really push the capabilities of the IC to new highs. The integration with BTC and ETH will be awesome and could lead the IC to become the transaction/ defi layer of those blockchains.
With the implementation of these integrations and SNS capabilities it is likely that some very interesting projects will emerge. This leads to an interesting question –
How can I audit the smart contract ‘canisters’ that I am interacting with? The blockchain and crypto industry is built on the premise of transparency and trustless interactions however devs/ projects on the IC can hide their code in canisters. This is potentially good for security however completely kills the trustless nature of blockchains. It might make it very easy to create rug-pulls or apps that don’t do what they say they do.
Furthermore, on the topic of transparency, the current ICP dashboard is very basic from an audit point of view. I was recently trying to work out if two large accounts were wash trading NFT’s… the tl;dr it’s almost impossible to ‘follow the money’ with the current tools. I’d like to see a blockchain explorer with tools that empower users to effectively audit and explore transactions. For example - visually showing the relationship between accounts and exchange/ marketplace canister labelled when viewing transactions.
I’m interested on people’s thoughts on this.