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Smart Contract Audit

1 min read
Pronunciation
[smahrt kon-trakt aw‑dit]
Analogy
A smart contract audit is like a building inspection—it checks structural integrity and safety before opening to the public.
Definition
A systematic security review of smart contract code to identify vulnerabilities, logic errors, and compliance with best practices before deployment.
Key Points Intro
Audits protect funds through these steps:
Key Points

Manual code review: Experts inspect logic and patterns.

Automated analysis: Static and dynamic tools scan for known issues.

Threat modeling: Identify potential attack vectors.

Reporting & remediation: Document findings and suggest fixes.

Example
Before launching a DeFi protocol, the team hires an audit firm to review their Solidity contracts, resulting in a report with prioritized security recommendations.
Technical Deep Dive
Auditors use tools like MythX, Slither, and Manticore for static analysis, then perform fuzz testing and formal verification where applicable. They review for reentrancy, integer overflow, access control flaws, and gas inefficiencies. Findings are tracked in issue trackers and re‑verified after patching.
Security Warning
An audit does not guarantee safety—undiscovered bugs may remain; continuous monitoring is essential.
Caveat
High cost and time; audits may delay deployment and do not cover post‑deployment changes.
Related Terms
Solidity

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