Smart Contracts are programmed and developed on blockchain basically these are digital agreements. In the beginning, Ethereum popularised smart contracts, after that they now working on other blockchains too.
Smart contracts are secured and transparent. The use of smart contracts is quite risky because they work on codes.
Why smart contracts Audit is Important?
As we discussed in the beginning smart contract are run on the blockchain. Once it’s live on the blockchain, there is no way to do changes. A small bug or error can damage the entire contract and the fund will wipe out. Billions of dollars lost in the last two years due to bugs and errors.
Creating a backdoor to getting back the money is possible, a contract developer who creates that can easily develop. In the last few years, smart contracts came into the digital world basically it’s a new concept. There are very few developers who are well experienced in this field. A tiny mistake can make a loss of billion dollars
Here is the list of the top 6 Smart Contract Audit Companies in 2022
Hacken is a community-driven business, with over 100,000 supporters and counting. This startup was founded in 2018 with the sole purpose of helping businesses secure their products and services using blockchain technology.
The company offers smart contract auditing services to clients worldwide; it also provides penetration testing, application security training, and bug bounty programs for various ICOs on the Ethereum network.
Chain Security is a blockchain security company that provides smart contract audits. Chain Security got its start in 2018 and has since provided auditing services to some of the most successful crypto companies, including Coinbase and NEO.
The Chain Security team has experience in both traditional software development and blockchain development, which enables them to offer comprehensive audits for your company’s smart contracts.
Immunebytes is the fastest-growing blockchain audit firm in the world, In the last two years, they have completed more than 145+ projects. Since 2020, they delivering innovative solutions for Crypto and blockchain security.
The ImmuneBytes team has well experienced and professional smart contracts auditor with a result-proven record. They ensure the security of the project and allow owners to have some chill and run their blockchain hassle-free.
Hosho is a leading provider of smart contract security audits and penetration testing services. The company has a large team of experts who are in charge of auditing and testing smart contracts for their clients. Hosho’s security audit process involves performing an in-depth analysis of the code written by developers. This helps to ensure that the code is bug-free and secure before it goes live on any blockchain network or platform.
Quantstamp is a smart contract audit company. The company audits smart contracts and helps companies build secure smart contracts. Quantstamp’s technology uses a crowdsourced approach to audit smart contracts, which means that the company relies on an army of auditors from all over the world to look for bugs in their code.
The best part about this crowdsourcing strategy is that it allows the developers to have their own community decide what’s important about security in a decentralized way. This means that any issues with security are reported directly to Quantstamp’s team, who then fixes them before publishing them on their website or distributing them elsewhere. This can be very useful when companies need specialized help with something like cryptography or distributed systems science because it allows them access to experts without having those experts work directly under their employ (and potentially lose valuable skills).
Quantstamp also has another advantage: they’re members of the Ethereum Community Fund (ECF), which was created by Vitalik Buterin himself back in 2019 as an initiative meant specifically for supporting projects within the Ethereum ecosystem!
OpenZeppelin is a smart contract auditing firm that has been trusted by the Ethereum Foundation and others to audit its code. OpenZeppelin is free to use and open-source, so you don’t have to worry about paying for any of their services. If you’re looking for an affordable alternative to Litmus, then this company may be right up your alley!
With the help of a smart contract audit company, you can make your business more secure.
A smart contract audit company helps you to find security flaws in your smart contracts. A smart contract audit company also helps you to fix security flaws in your existing smart contracts. Smart contract audit companies can help you avoid security flaws by making them aware of the potential problems that could arise from using certain types of code or programming languages.
A smart contract audit company provides a service that allows users to have their code audited so that they can ensure it is safe and secure before it is released onto an Ethereum blockchain network such as Ethereum Classic (ETC) or Tron (TRX).
As the blockchain industry continues to grow, it will be crucial that businesses implement safety features into smart contracts to ensure their success. When it comes time to hire a smart contract audit company make sure you check their: