Blockchains are quickly changing how many sectors of the world operate, they are now widely used across businesses for smart contracts, online transaction management, asset record management, and securing critical data. Acting as digital ledgers residing in a distributed infrastructure, they enable the secure storage and structuring of important information in a manner that ensures the integrity and availability of the information. It is the principle of the immutable ledger that underpins the evolution of blockchain.
This technology has created the need for blockchain & smart contract security audits to provide independent assurance of the validity, security, and authenticity of a projects code. A token audit is a highly specialized practice that few organizations can undertake, with our experienced and knowledgeable staff, Dxentral, one of the leading crypto audit companies, is ideally positioned to provide blockchain security audit services. Our Blockchain Specialists have a comprehensive understanding of code and blockchain and its implementing algorithms and underlying encryption methodology.
What does a Crypto Audit include?
A crypto audit performed by a professional cryptocurrency auditor provides for the use of manual inspection and automated bug detection AI tools to reveal commonly known vulnerabilities and further manual execution of systematic and structured code review of the blockchain project. The key goal of crypto audit is the detection of high-severity bugs in a code in a Blockchain or Smart Contract. Before conducting an audit, the security team of the crypto audit company needs to get a deep understanding of the project’s architecture and use cases as well as recognize the key components of the target system. The key phase of blockchain audit is threat modeling that reveals data spoofing and data tempering and enables the detection of DDoS attacks on a blockchain system. And the last phase of crypto audit provides for the exploitation of revealed vulnerabilities to estimate the scope of potential threats a project under test can face and their further remediation.
Why should Projects Apply for a Crypto Audit?
Token audits conducted by teams such as Dxentral allow projects to prevent the exploitation of vulnerabilities that may result in the loss of clients’ assets, along with ensuring investor/user trust. Blockchain & Smart Contract audits also allow projects to prevent public access to smart contracts and, thus, protect them against facing the exploitation of their vulnerabilities. A crypto audit performed by a reputable cryptocurrency auditor like Dxentral will also serve as the indication of projects’ reliability to existing and potential investors/users.
How Long Does a Blockchain Security Audit Take?
The main factors determining the duration of a token audit are the project’s size and complexity. Depending on these factors, the duration of a crypto audit can vary between 1-2 days to a few weeks or even months.
Dxentral Security Solutions
Are you apart of a current or upcoming project that utilizes blockchain technology? Contact us today for a free quote for any of our Security Auditing Services. Dxentral provides multiple levels of Crypto Security Audits that allow for companies with budget parameters, along with scalability. Audit cost is dependent on the complexity and size of your projects code, requested time deadlines, and other factors. You can contact us by email or by direct messaging any of our official socials listed below to get your free quote.
