Smart contract vulnerability detection using wide and deep neural network

Abstract

Smart contracts, integral to blockchain technology, automate agreements without intermediaries, ensuring transparency and security across various sectors. However, the immutable nature of blockchain exposes deployed contracts to potential risks if they contain vulnerabilities. Current approaches, including symbolic execution and graph-based machine learning, aim to ensure smart contract security. However, these methods suffer from limitations such as high false positive rates, heavy reliance on trained data, and over-generalization.The goal of this paper is to investigate the application of Wide and Deep Neural Networks in identifying vulnerabilities within smart contracts. We introduce WIDENNET, a method based on deep neural networks, designed to detect reentrancy and timestamp dependence vulnerabilities in smart contracts. Our approach involves extracting bytecodes from the contracts and converting them into Operational Codes (OPCODES), which are then transformed into distinct vector representations. These vectors are subsequently fed into the neural network to extract both complex and simple patterns for vulnerability detection. Testing on real-world datasets yielded an average accuracy of 83.07% and a precision of 83.13%. Our method offers a potential solution to mitigate vulnerabilities in blockchain applications.