All of the benefits of smart contracts, their automation, self-enforcement, and security, also means that it’s extremely important that they are created correctly. Mistakes in smart contract development can turn what would have been an incredible efficiency gain into an expensive problem. That’s why we offer smart contract audits to discover and correct any mistakes made in smart contract development. The assurance that comes with a full audit can bring peace of mind alongside the existing benefits of a well-implemented smart contract.
- LimeChain’s methodology in performing the audit of smart contracts consists of five executed phases: 1. Executing automated tools to scan for generic security vulnerabilities 2. Understanding the existing documentation, purpose, and specifications of the smart contracts 3. Brainstorming between all audit members to make sure the documentation is correctly understood and find a design flaw if possible 4. Manual analysis covering both functional (best effort based on the provided documentation) and security aspects of the smart contracts by two of our smart contract audit experts 5. Writing the report with the individual vulnerability findings and potential exploits.
- Securing smart contracts is a multi-step process. It involves performing a 1:1 audit with multiple highly competent experts, fixing discovered issues, then posting your contract on bounty with an entire community and finally, staking an incentive on a deployed contract.