SilverAudit: Next-Generation Smart Contract Auditing for DeFi

SilverAudit
3 min readMay 26, 2021

Blockchain technology is one of the constants in the DeFi industry that undergoes timely and relevant changes over time. Unfortunately, there have been hints of hacks and exploitations of decentralized applications and projects, causing the credibility and vulnerability of its organizations to deteriorate.

Furthermore, if the DeFi Industry’s ecosystem is disrupted, stakeholders and users may lose sensitive information. There will be a need for software to clean out the bugs that infiltrated the blockchain ecosystem. Checking this will result in complications, necessitating the use of smart contracts. The presence of smart contracts linked to third-party systems may expose the system to vulnerability.

Based on the above circumstances, smart contract security auditing services have become an essential key in a company’s vision for a security-first blockchain ecosystem. It opens doors for SilverAudit to provide help for struggling ecosystems.

SilverAudit has its goal of ensuring blockchain code stability by offering secure software and project release. A smart contract audit entails a detailed review and analysis of the smart contract code in a blockchain application used to communicate with a specific cryptocurrency.

The methodology mentioned above guarantees detection of errors, deficiencies, issues, and security vulnerabilities in code in seeking to address design and algorithm inadequacies. As the complexity of smart contract code rises, SilverAudit is sure to step up its game to track blockchain asset movement while maintaining high security.

Finest Security in the Realm of Blockchain Technology

  • Offers an extensive methodology for affordable pricing
  • Issuance of vulnerability results using automated test tools, manual verification, and static analysis.
  • For the smart contract code in the ecosystem, our skilled and experienced cybersecurity specialists will be sure to use their abilities in implementing recommendations and resolving any outstanding issues.
  • By analyzing and monitoring blockchain protocols and Binance projects, SilverAudit is effective in preventing critical attack vectors.

Tokenomics

Deflationary Systems

SilverAudit ($SILVA) issues SILVA tokens that can be used for governance. A portion of the profit from smart contract auditing services will be used to buy and burn SILVA. In addition to this, SILVA is proven to increase the price floor of its tokens by also allowing it to increase with more trading volume. Thus, it allows investors to enjoy well-secured projects with profitable opportunities based on this mechanism.

The Benefits of Using SilverAudit

  • It is an empowering smart contract audit that will help its clients achieve top-notch security when dealing with technical errors and system failures.
  • Smart contract audits play an important role in the developing DeFi ecosystem since bug-filled smart contracts are frequently pushed out to meet investors’ demand, given the millions of dollars at risk; therefore, SilverAudit offers promising results and protection to its investors.

Links

Domain: https://silveraudit.com/
Twitter: https://twitter.com/SilverAudit
Medium: https://medium.com/@SilverAudit
Telegram: https://t.me/SilverAudit

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