Learn why Certik is the top company for centralised security solutions.
What is a smart contract security audit?
A smart contract security audit provides a detailed analysis of a project's smart contracts. These are important to safeguard funds invested through them. As all transactions on the blockchain are final, funds cannot be retrieved should they be stolen. Typically, auditors will examine the code of smart contracts, produce a report, and provide it to the project for them to work with. A final report is then released, detailing any outstanding errors and the work already done to address performance or security issues.
The audits usually follow a four-step process:
1. Smart contracts are provided to the audit team for initial analysis.
2. The audit team presents their findings to the project for them to act upon.
3. The project team makes changes based on the issues found.
4. The audit team releases their final report, considering any new changes or outstanding errors.
For many crypto users, smart contract audits are essential when investing in new DeFi projects. It's become a standard for projects that want to be taken seriously. Certain audit providers are also seen as industry leaders, making their audits more valuable in investors' eyes. - Binance.com
CertiK is the leading security-focused ranking platform to analyze and monitor blockchain protocols and DeFi projects.
Founded in 2018 by professors of Yale University and Columbia University, CertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts. CertiK’s mission is to secure the cyber world. Starting with blockchain, CertiK applies cutting-edge innovations from academia into enterprise, enabling mission-critical applications to be built with security and correctness.
CertiK is one of the fastest growing and most trusted companies in blockchain security and has become a true market leader.
To date, Certik have collectively worked with over 2500 enterprise clients, helped secure over $310 billion worth of digital assets, and detected over 45,000 vulnerabilities in blockchain code.
Certik's clients include leading projects such as Aave, Polygon, Binance Smart Chain, Terra, Yearn, and Chiliz.
CertiK just raised over $140 million and backed by Coatue, Tiger Global, Sequoia, and Hillhouse Capital.
Key Resources & Readings:
CertiK Blockchain Security Leaderboard
CertiK | LinkedIn
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