Token-Smart Contract Audit

Types of audits in blockchain

Token Agreement

Testing of smart contracts according to the different protocols and programming languages: solidy, C++, Rust, Go, Java script, among others.

Custom smart contract audits

It refers to tests carried out on complex smart contract systems ranging from cryptocurrencies to consensus mechanisms.

Wallet and Daps blockchain

Cybersecurity verification, wallet identification and address, Dapss to keep your digital assets safe from hacking attacks.

Blockchain protocol

They validate the correct operation, configuration and security of the blockchain, verifying consensus algorithm, virtual contract machine, and key modules.

What is a smart contract audit process?

In this sense, smart contract audit services are exhaustive analyzes and studies of the characteristics that integrate and build a blockchain project by a team of outsourced auditors that verify the logical code of the project. The main characteristics analyzed are shown below.

The audit of smart contracts of protocols based on blockchain provide security to users about the suitability of a project to invest as an optimal, safe and adequate investment. Generally, once the audit has been carried out, its results are published online so that the veracity of the project and of the external auditors can be verified.

Benefits of a smart contract audit process

Auditing by third parties is a way to certify the reliability of our blockchain project, whether it is a dApss, DeFi, ICO, NFT game, among others, of pirate attacks that can generate economic or information losses. Among the benefits of contracting an additional audit service to your own, the following stand out:

– The security and confidence of our project is guaranteed by professionals specialized in the area with public recognition for this purpose.

– Allows you to identify if there is an error in the base code , and if it is safe for users to transfer their funds to it.

– Confirms the validation of your wallet address and avoids any typos.

– Allows early detection of any errors that may exist at the system level.

What is the smart contract audit process like?

First, line-by-line manual code reviews are performed, ensuring that the logical processes behind each function are linked, confirming robustness and security against common attack factors.

Second, thousands of interactions with the smart contract audit on the blockchain are simulated, combining automated and manual tools with the aim of identifying possible areas of vulnerability that may arise at the security level.

Subsequently, the third step consists of consulting with the blockchain team once the recommendations have been received to solve any errors found.

Finally , the results are summarized in a concrete and specific report where the functions and verified security characteristics are indicated, as well as the risks that may arise for users, said report is posted on the web with public access for anyone who wishes to do it . .

How long does the audit process take?

Audit times can vary from one user to another depending entirely on the size and complexity of the smart contract minted on the network, however, these can range from 2–15 days for elaboration.

How much does the smart contract audit service cost?

The price of the service is another variable element influenced by the complexity of the smart contract to be audited with values ​​that range between $20,000-$50,000 according to the different providers available on the internet, emphasizing how the benefits obtained with the verification of the project outweigh the costs. additions that it may generate.

Main smart contract audit certification agencies

Chop

It is an organization focused on cybersecurity analysis. Hacken is one of the main promoters of Blockchain smart contract audits, being leaders in the market thanks to its team of security specialists.

Consensys

With more than 100 blockchain-based projects, ConsenSys Analysis Tools for Ethereum features automatic scanning and continuous error checking among its security-specific services . In addition, it has a qualified team for Business Security Advice for cryptocurrency projects.

Certik

CertiK is one of the most recognized blockchain security companies in the world . Its security audit team uses technologies for the verification of smart contracts in DeFi. So far, CertiK has already audited more than 220 projects in 3 years.

Deloitte

Deloitte’s audit tools are characterized by their solid resources and procedures, with a highly qualified team specialized in service excellence. During the last years, Deloitte has been in charge of carrying out tests and studies that analyze the vulnerability of blockchains and smart contracts.

KPMG

Known as one of the great Blockchain auditors , KPMG ‘s blockchain services focus on offering its clients the fullest use of the potential of blockchains and smart contracts. Its main services are consulting, auditing and tax advice.

Pacheco, Apostolic and Associates

The Audit services of Pacheco a member firm of PricewaterhouseCoopers, has an audit service based on a pragmatic methodology with highly trained personnel to carry out tasks and ensure projects effectively.

Solidity Finance

It is a company specialized in audits with more than $10 billion in chain value in more than 800 insured projects in the market . The organization offers automatic analysis, manual analysis, bsc smart contract audit correction of contract and publication errors and audit certificate.

Smart contract audits available online

There are many audits that you can find online on the pages of GitHub , Solidity Finance , among other providers that we have already mentioned before, you just have to search the web for the provider of your choice and look for the “Audits” section there you will find the publication from each process performed by your firm to blockchain projects. Here we share some examples available on the aforementioned websites.

Importance of smart contract audits

When it comes to investments in the crypto economy, the authentication of the standards of a token must be carried out, through integrative processes between the team of auditors in charge of verifying the code of the assets, ensuring the absence of errors as well as confirming the suitability of the investment.

In this way, audits allow users to protect their investments in new projects and verify the operations that the token has performed after its creation. In general, the developers include links where their audits are published in their channels and communication networks with the community.

It can be said that audits are necessary and mandatory for the success of a token-based business plan. These processes give the project veracity, as well as a significant advantage in the field of asset security, thanks to the trials and tests that are carried out during the audits, the project’s finances are completely secure before its launch in Blockchain for remove all mistakes and achieve perfection.