Hedera is enhancing its network security with the HSCS Security Model v2 for users and developers.
The Hedera Smart Contract Service (HSCS) security model update will impact users in complexity but more than makes up for it with secure and scalable API solutions and enhanced security.
The Hedera Smart Contract Service (HSCS) security model has undergone an upgrade. The network is moving from the old security model v1 to v2. This is in response to a security incident that occurred on March 09. As confirmed by the team, attackers exploited the Smart Contract Service code of the Hedera mainnet to transfer Hedera Token Service tokens held by victims’ accounts to their own accounts.
With the new upgrade, users and developers will enjoy greater security as well as secure and scalable API solutions. HSCS Security Model v1 had to balance between Hedera security and EVM security models leaving gaps that have now been addressed by providing greater clarity and additional protections for the ne

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