What is Smart Contract Audit?

What is Smart Contract Audit?



Smart contract audit is the review of code by developers to resolve if the code is secure acting as whether there are any existing vulnerabilities, capabilities for future bugs or any errors in coding that could expose users.
With the complexity of the latest programming platform, it is possible for even a well-experienced developer also to make mistakes when writing code. It becomes critical to verify correctness using unit testing and automatic tooling verification.
The smart contract security audit, which is executed using standards and protocols such as Solidified Verification Standard, is done before the code is hosted on Ethereum platform thus it can increase the security of the entire ecosystem and individual projects and block hacks.
Even-though it won't guarantee that the code is 100% secure, the expert(s) reconsidering the code could find the problems and discuss possible improvements to the code to enhance the security of cryptocurrencies. The expert of developers can highlight critical issues that require to be checked and improved.
Particularly, smart contract audits are conducted by third parties to assure that the code is reviewed as carefully as possible. Depending on the complexity of the smart contract, companies may select to engage the services of a specialist smart contract audit team to conduct the audit.
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