This is a valid question that comes to everyone’s mind as soon as they finish building the smart contracts. To answer this, let me first ask you one thing. Wouldn’t you re-check a math problem in your exam? Would you not go through the same chemistry equation a couple of times before sending it across? If your answer was yes, then checking your smart contract once before it goes live for people’s use is even more important than that.
Just like you would check your regular works a couple of times before delivering, checking smart contracts is also crucial. This is exactly what we call smart contract security audit.
Now you have an answer for why you should do smart contract security audits. Let us have a look at the current state & future state of smart contract security audits.
The types of smart contract security audits
There are two broad types of audits. One - manual auditing and the other one is automatic auditing.
The manual auditing is in fact a tedious process. The company that you handover your auditing task manually checks the codes, verifies the logics and finalizes it. However, it is close to impossible for one person to take up the entire task. Hence it requires a minimum of five people (who are experts already) to check the coding.
The automatic auditing is comparatively easy. This again functions on codes. However, there are chances of the auditing software wrongly identifying the right codes as mistakes. To avoid such mishaps, manual auditing is mandatory.
Who is the best?
I would like to suggest you Blockchain Firm a smart contract auditing company that’s been doing wonders this decade. They are backed by vibrant teams with the right skilled people.
They put their client needs before everything else and rank as one of the top blockchain-based smart contract auditing companies. Give them a call now.