Audit
A smart contract audit is a security review of blockchain code by experts.
✦ Key Insight
Audits reduce the chance of bugs, exploits, and dangerous contract behavior.
✕ Common Misconceptions
Assuming an audit guarantees safety. It does not.
Detailed Explanation
How It Works
Auditors review code, test vulnerabilities, and publish findings with risk levels.
FAQs
Does an audit make a project safe?
No. It lowers risk but cannot remove all risk.
In Practice
Dig Deeper
Smart Contract
A smart contract is self-executing code stored on a blockchain that automatically performs actions when certain conditions are met.
Token Contract
A token contract is the smart contract address that defines and manages a token on a blockchain. It is the on-chain source that tells wallets and applications how the token behaves, including its name, supply logic, and transfer rules.
Rug Pull
A rug pull is a crypto scam or abusive project exit in which developers, insiders, or token creators extract value from a project and leave other holders with large losses. The term commonly refers to removing liquidity from a decentralised exchange, selling a large insider token allocation, or using malicious smart contract permissions.
Exploit
An exploit is when someone uses a weakness in code, design, or security to gain unauthorized value.