A smart contract security audit involves examining the contract’s code to identify potential vulnerabilities hackers could exploit, e.g., access control errors, faulty calculations, etc.
Audits let you identify and fix security vulnerabilities before deploying your contract to the public. Otherwise, you might release an insecure contract and lose user funds to hackers.
Users often check for audits before interacting with any smart contract. Exchanges and crypto platforms also require audits for listing tokens and integrating with your smart contract. Smart contracts have security risks, so these demands are understandable.
A smart contract audit helps you comply with standards from users and partners and increase your user base. Without an audit, your blockchain project can hardly go anywhere.
Security is paramount for any smart contract that facilitates blockchain transactions. A hacker could exploit any little error to steal funds, devastating the entire project. Hence, you need a smart contract audit to identify and fix potential security bugs before deploying your contract to the public.
Smart contract audits protect your users’ assets, earning their trust and helping your project progress.
A smart contract audit is vital to the long-term success of your blockchain project. It is the linchpin of your project, protecting users’ funds, earning their trust, and building a reputation in the competitive blockchain industry.
Your blockchain project needs regular audits to stay safe and successful in the long term. Regular audits keep your blockchain project competitive and productive for as long as possible.
Our collaboration with Pessimistic since 2017 has been marked by a level of professionalism that’s hard to come by. Their work, especially in auditing our DeFi SDK smart contracts, consistently exceeds expectations and aligns closely with our business objectives. Their suggested solutions are not just effective but also tailored to our long-term goals.
Working with Pessimistic is seamless and enjoyable. Clear communication, timely deliverables, and unquestionable expertise. Highly recommended.
We've had the pleasure of working with Pessimistic since 2021, and their integrity and consistency have truly impressed us.
Not only do they deliver on their promises, but they also maintain a high standard of work throughout the project.
It's a partnership we value and continue to interact with on a regular basis.
Audit companies space can be pretty wild - there are loud names that provide sub-par services and there are ones that take ages to finalize the reports (delaying the product launch!)
After running through an extended search quest, we made the right decision to go with Pessimistic. Quality, responsiveness, vibe - everything was great.
They walk an extra mile to make you confident everything is going to work as it should!
A smart contract audit is necessary to identify security vulnerabilities in your contract and get recommendations on fixing them. It helps you avoid deploying insecure contracts to the public, which can cause havoc if malicious actors target your contract. Every blockchain project needs an audit before public deployment and further audits after major code changes.
You should consider a smart contract security audit before public deployment. Your contract must be audited for security risks before deploying it live on a blockchain. Otherwise, you could deploy contracts with security bugs hackers can exploit to steal user funds.
You should also consider an audit each time you make major changes to your smart contract’s codebase. Subsequent audits help identify vulnerabilities that might have been introduced because of the code changes.
Your smart contract audit cost depends on various factors, including the codebase size and your contract’s features.
Our formula for estimating audit costs is the Number of lines of code / 200 * 1.5 * the cost of one working day of the team.
Our pricing estimate is usually accurate and doesn’t deviate from the final bill by 10%. Don’t hesitate to contact us to receive a quote.
Smart contract audit consulting can take anywhere from one week to several months. The timing depends on the codebase size and complexity. A simple token contract can be audited within a week, while a full-fledged decentralized exchange can take multiple weeks.
The time primarily depends on the type of blockchain contract you’re auditing. The good news is that based on your requirements, we can predict how long an audit will take. If you’re working on a tight schedule, we can move your project to the priority track and start working on it as soon as possible.
It’s technically possible to conduct a smart contract audit yourself. However, it’s wise to leave this task to specialists like Pessimistic. Auditing companies have significant expertise in reviewing smart contracts for vulnerabilities.
Instead of conducting an audit yourself, it’s better to hand over the task to a smart contract audit firm that rigorously examines your code to point out flaws and suggest improvements.
No smart contract audit and development service can provide a 100% guarantee regarding security risks. The blockchain sector moves rapidly, and different kinds of risks continually arise.
An audit isn’t a 100% guarantee that your smart contract is free from errors. However, it ensures your smart contract is compliant with industry security standards before deployment.
