Overview
A smart contract audit is a systematic review of contract code to find vulnerabilities before deployment. Auditors analyze logic, security, and edge cases. It is a standard part of DeFi launches.
How It Works
Auditors review the code, run tests, and simulate attacks to identify vulnerabilities. They produce a report of findings and recommendations. Fixes are re-audited before deployment.
Why It Matters
Audits reduce the risk of exploits but do not guarantee safety, as new bugs can still appear. They are a signal of quality and diligence for users. Formal verification and bug bounties complement audits.
Related Concepts
Smart Contract Audits relate to Smart Contracts, Bug Bounties, and Formal Verification. They are part of the Security layer of Web3.