Undoubtedly blockchain technology is one of the revolutionary inventions of the decade, but it also attracts the risk of hacks and cyber attacks. Security is one of the top priorities for any blockchain project that cannot be undermined at all. Smart contract audits can be automated or done manually to investigate smart contract codes to detect vulnerabilities and security issues before the code is publicly used.
In our previous post we discussed the best smart contract platforms for blockchain applications. Moving forward, in this article we will discuss the best smart contract auditors to test your application against security.
Who are the smart contract auditors?
Smart contract auditors are professional consultants who analyze smart contract code to find vulnerabilities and see if the code has breached security. These auditors are basically a team of cryber experts with specialization in the blockchain field.
Why do we need a smart contract auditor?
If you plan to launch your own ICO, you may need to audit your smart contract. But why hire an external auditor when you can audit the code yourself?
Well, auditing smart contracts is not easy. Protecting your assets from hackers takes expertise and years of experience.
Here are some reasons why you should hire a smart contract auditor:
- They are highly professional and will guarantee the safety of your funds.
- Identifying whether there are errors in the code and that the code is safe to transfer your funds.
- To verify your wallet address and check for typographical errors.
- Detect system errors.
There have been many cases where users have lost a lot of their valuable funds in the ICO process due to code bugs, hacking of private data and infiltration. It is best to do your due diligence before hiring an auditor for your ICO. A good and experienced auditor will help you understand the process and keep your funds safe.
Best smart contract auditors:
There are many smart contract companies and freelancers are available in the domain. We have selected some popular and trusted names that have experience in securing well-known blockchain projects. Here is a list of some of the best smart contract auditors on the market:
Cyberscope is one of the leading audit and AML companies in the blockchain industry. Having worked with more than 900 crypto projects, it has become the number one trusted cybersecurity firm on all major launch platforms.
Cyberscope’s team consists of world-class cyber security and anti-fraud professionals who are well versed in the latest information security best practices. The company also offers popular software tools for free for crypto investors, such as Cyberscan and Safescan.
Cyberscan performs automated smart audit and similarity analysis for any contract address, and Safescan performs money laundering and KYC analysis for any wallet.
Located in Europe and the United States, Kudelski is ranked among the top smart contract auditors and is preferred by many for their specialized and timely service. Kundelski is a very well-known name of the cyber security domain that has also entered blockchain security. They have a team of experts working in the Blockchain Security Center that provides reliable, end-to-end business-grade solutions. Services offered by Kudelski security include:
- Security audit, assessment and validation
- Security Architecture Overview
- Security design and implementation
- Safety training
They have delivered their services to a list of popular blockchain projects including Solana and Elrond.
ConsenSys is based on the Ethereum ecosystem and aims to provide blockchain solutions for consumer products, individuals and provide security for businesses. ConsenSys was founded in 2014 and consists of a team of software developers, lawyers, security providers and experts from various business areas. The main idea is to bring complete decentralization to smart contracts and create applications for enterprises.
Another big name in cyber security is CertiK. The company is preferred by many market leaders for its transparent and reliable engine verification tools that make the platform even more scalable and secure. Its recent alliance with the NEO blockchain ecosystem has strengthened its reliability and performance.
CertiK is mathematically validated which overcomes the limitations of manual validation. Recently, their integration with “UP Alliance” further confirmed the authenticity of the platform and increased its credibility.
Experfy run by a group of expert freelancers who provide consulting and audit services for smart contracts. The team consists of former MIT professors and Google employees who add to the credibility of the company. It runs on the Ethereum blockchain and is known for its exemplary performance.
Chop provides cybersecurity services for decentralized enterprises worldwide. Hacken engineers provide audit services for various blockchain platforms such as TRON, Ethereum, EOS, etc. The system checks and validates through mathematical analysis to eradicate any vulnerability in the system.
Runtime verification runs on the popular “K-framework” and provides security, safety, validation and verification services for enterprises. Runtime has worked with top companies such as NASA, Boeing, DARPA, Toyota and many other prominent names in the business world. It aims to provide verification services for smart contracts, programming languages, virtual machines and consensus protocols.
A security audit of blockchain development is very necessary, and it is recommended to choose an auditor who has a reputation and a reliable portfolio. I hope you enjoyed this article the best smart contract auditors . Feel free to share your feedback in the comment section below.