Who is a smart contract AUDITOR?
[100/100] The last day of a challenge
📌 What are auditions?
📌 Who is an auditor?
📌 Why auditions are needed?
📌 and more…
Smart contracts are used in many branches of industries. The decentralized systems are basing on such solutions.
However, where there are money, there each error is more painful, causing lots of funds by a single person or even entire community, organizations.
Audition is the most efficient solution for preventing future problems with wrongly written smart contract.
AGENDA:
- intro,
- what is it?
- why it is needed?
- how to become an auditor?
- conclusion.
WHAT IS IT?
Smart contract audit is a process of checking the flow/cycle, vulnerable part, different scenarios of smart contracts execution.
There are plenty of examples when huge funds were lost, often exceeding over million dollars.
WHY IT IS NEEDED?
Let’s go through main points which indicate importance of smart contract audits.
- early audits of smart contract development cycle can reduce potential losses,
- regular audits can improve the environment of development decentralized solutions,
- checking and implementing corrections after every audit, makes smart contract less vulnerable for different scenarios.
HOW TO BECOME AN AUDITOR?
In case of becoming an auditor you should go through steps mentioned below 👇
- you have to be able to code, how you. would test smart contracts if you can not understand the code?
- understanding of ethereum and solidity,
- practical experience with solidity, smart contract development,
- deep fundamental knowledge of testing smart contracts and common patterns, most frequent errors.
CONCLUSION
Smart contract auditions can be very helpful in commercial releasing of web3 products.
It allows to not only safe a lot of funds, but also implement more efficient code and functionalities.
Moreover, this kind of job can be very well paid and be very interesting for web3 adepts, especially when you do not want to make smart contracts from scratch.
