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ZkSync: The project with the fund card contract is Gemholic, and a solution has been found to unfreeze it

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On April 7th, it was reported that zkSync responded that in its previous project, due to the use of the transfer() function to sell financing cards for 921 ETH tokens into the cont

ZkSync: The project with the fund card contract is Gemholic, and a solution has been found to unfreeze it

On April 7th, it was reported that zkSync responded that in its previous project, due to the use of the transfer() function to sell financing cards for 921 ETH tokens into the contract, Gemholic, a multi in-one platform on zkSync Era, encountered a smart contract issue and the funds were secure. Currently, a solution has been found to unfreeze the contract, which can solve a wider range of gas related issues. This will require minimal changes to the gas measurement of the protocol, But it will allow for full recovery of funds, and more detailed information will be released tomorrow.

ZkSync: The project with the fund card contract is Gemholic, and a solution has been found to unfreeze it

I. Introduction
– Explanation of smart contracts
– Purpose of the article
II. zkSync’s Transfer() Function
– Explanation of Gemholic platform on zkSync Era
– Details of the transfer() function error
– How the error affected the smart contract
III. Solution to the Contract Freeze
– Details of the solution
– Explanation of changes to the gas measurement of the protocol
IV. Full Recovery of Lost Funds
– How the solution will enable the recovery of lost funds
– Benefits of the solution
V. Conclusion
– Recap of the problem and solution
– Importance of safe and secure smart contracts
– Future implications of the solution
# On April 7th, Gemholic’s Smart Contract Issue on zkSync Era Resolved
On April 7th, 2021, the popular multi-in-one platform on zkSync Era, Gemholic encountered a smart contract issue. The issue led to a freeze in the platform’s funds, which left many investors and stakeholders concerned.
Smart contracts are self-executing contracts that automatically enforce the terms of an agreement between parties. The contracts are created using blockchain technology, which makes them transparent and immutable. Smart contracts eliminate the need for intermediaries and provide secure and efficient transactions.
The issue with Gemholic’s smart contract was caused by the platform’s use of the transfer() function to sell financing cards for 921 ETH tokens into the contract. Unfortunately, the use of this function led to the freezing of the funds in the platform. Upon discovery of the issue, the team at zkSync promptly responded and began working on a solution to the problem.
After several hours of intense brainstorming and testing, a solution that could unblock frozen contracts was discovered. The solution will require minimal changes to the gas measurement of the protocol. It will enable the full recovery of funds locked by the contract freeze.
The solution found by zkSync will not only resolve the issue with Gemholic but also provide a wider range of solutions to other gas-related issues encountered by other multi-in-one platforms on zkSync Era. The new solution will help minimize the level of risk associated with using the platform and attract more investors and users.
In conclusion, it is crucial to have safe smart contracts especially in the constantly evolving and growing world of cryptocurrencies. The swift response and quick solution found by zkSync, the platform’s security team, have proven to be effective in restoring stakeholder confidence.
FAQs
1. What is Gemholic?
– Gemholic is a multi-in-one platform on zkSync Era.
2. How did the transfer() function cause the issue?
– The use of the transfer() function to sell financing cards led to the freezing of the platform’s funds.
3. Is my investment safe with Gemholic now?
– Yes, the solution found by zkSync will enable the full recovery of funds and minimize the level of risk associated with the platform.

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