A Review of Upgradeable Smart Contract Patterns based on OpenZeppelin Technique

Abstract

The Ethereum blockchain is one of the main public platforms to run smart contracts and enable decentralised applications. Since data stored in a blockchain is considered immutable, smart contracts deployed in Ethereum are regarded as tamper-proof and therefore offer strong protection against attacks aiming at tinkering with the execution flow of an application. Yet, like any other software, a smart contract needs to be maintained over time to fix bugs or add new features. Deploying every updated version as a brand-new smart contract in Ethereum leads to problems such as migrating the contract state from the old version and enabling clients to point to the new version in a timely fashion. The OpenZeppelin framework addresses this limitation by providing libraries that enable the deployment of upgradeable smart contracts. This is achieved by relying on proxies that act as intermediaries between clients and smart contracts, allowing the latter to be updated transparently. In this paper, we present the upgradeable smart contract patterns supported by OpenZeppelin and compare them in terms of security, cost, and performance. To show this paradigm's prevalence in Ethereum, we also analyse the usage of OpenZeppelin Upgradeable smart contracts over the last four years.

Exemplary Ethereum Development Strategies Regarding Security and Gas-Saving

“…Amri et al [21] say that the number of proxies increased in the last couple of years and the transparent proxy increased significantly. They are unsure whether overcoming immutability has a positive or negative impact.…”