Frequently Asked Questions
The main purpose of a smart contract audit is to examine the code for vulnerabilities, bugs, and logic flaws before it is deployed on a blockchain. This helps avoid costly security breaches or performance issues that can’t be fixed once the contract goes live.
Smart contract audits significantly reduce the risk of attacks by identifying known vulnerabilities like reentrancy, improper access controls, or unchecked external calls. While no audit offers complete protection, it acts as a vital security layer for Web3 applications.
Contracts used in DeFi platforms, token launches (ERC-20, ERC-721, ERC-1155), NFT projects, DAOs, staking platforms, and cross-chain bridges all benefit from audits, as they typically handle high-value assets or community governance.
The process involves static and dynamic code analysis, vulnerability scanning using tools like Slither or MythX, manual line-by-line inspection, functionality verification, and a final report with risk levels and suggested fixes.
A typical report includes identified issues, their severity (critical, major, minor), technical explanations, suggested remediations, and final verification status. The report serves as a technical document that developers can use to improve the contract's security.
