Smart-Contract Security Audit
A smart-contract security audit before an active stage in production is like a health check before mountain climbing. If something is not good enough, you may consider postponing the project launch until the detected issues have been corrected. Even if you are going to continue, you know what may go wrong and you are ready.
Why is a smart-contract security audit essential for crowdsale projects?
Crowdsale presents a high level of risks to both organizers and investors. The large sums of cryptocurrencies raised during a crowdsale are an attractive target for attackers.
Leaving aside malicious individuals, smart-contract architecture might contain bugs, which could irreversibly lock funds or make the real fund/coin distribution differ from planned. Such bugs might stay invisible for those who work on a project for a long time.
An audit done by a trusted third party helps to detect vulnerabilities, logic issues and bugs. That allows to apply fixes timely.
How is a smart-contract security audit performed?
A customer grants us an access to the smart-contract source code. We examine the code and the whitepaper of the project (if it exists). We prepare a report which contains technical details of the smart-contracts, a list of detected issues with explanations, recommendations and a conclusion. The report is sent to the customer. We do not publish or share reports, only specialists who work with the report have access to the code and to the report details.
Here is an example of security audit report. Please note, the report is not based on a real case. The purpose of the document is to give a report overview.
Why our team?
We have exceptional specialists on board who are focusing on software security analysis and on Blockchain technologies. Our knowledge and experience in Information Security allow us to minimize risks of our customers.
If you are ready to engage us to perform a smart-contract security audit or if you are needing more information, just contact us.
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