Smart contracts are systems supported by companies that rely on code rather than centralized information systems. However, due to the immutability and non-modifiability of smart contracts, the security of the code must be made impeccable. A mistake or security vulnerability can lead to misappropriation of funds or exploitation by hackers. Therefore, project owners and users turn to the services of audit firms to understand the reliability of blockchain protocols and smart contracts. #CertiK #audits

CertiK Audit: A Trusted Audit Firm:

Founded in 2018 by professors from Yale University and Columbia University, CertiK uses state-of-the-art artificial intelligence technologies to secure and monitor blockchain protocols and smart contracts.

Mission and Achievements:

CertiK's mission is to ensure the security of the cyber world. Since its establishment, CertiK has conducted over 220 audits, reviewed over 118,000 lines of code, and secured assets worth over $8.03 billion. CertiK has also secured leading cryptocurrency exchanges such as Binance, OKEx, and Huobi, and collaborates with the Binance Accelerator Fund.

Audit Process:

CertiK conducts audits by examining smart contracts and their intended behavior. Contracts are verified using mathematical methods through CertiK BSC Security Oracle. Experts manually review contracts, classify security vulnerabilities, propose solutions, and provide an audit report. The audit process typically takes 48 hours and is quite costly.

Security and DeFi Platforms:

Security is an important factor, especially in DeFi protocols. What makes a DeFi platform trustworthy is having gone through an adequate audit process and obtained approval. Audit firms like CertiK perform these security audits, enabling users to transact in a secure environment. #defi

Limits of Security Audits:

No audit firm, not even a prominent one like CertiK, can provide 100% absolute security. Errors are always possible due to human factors. The service provided by audit firms is to minimize potential errors and identify security vulnerabilities through audits.

In Summary:

security is crucial when using cryptocurrency projects and smart contracts. Having audit firms with an audit process enhances the reliability of projects. Utilizing the services of trusted audit firms like CertiK Audit helps users invest and transact securely. However, as with any system, providing absolute security is not possible. Therefore, users should always conduct their own risk assessments and take measures to maximize security.