Smart contracts are digital agreements that automatically execute transactions on blockchain networks following the terms of execution encoded directly into the contract’s code. Now, to verify that these smart contracts function as intended and do not introduce vulnerabilities into the blockchain ecosystem, they are audited. It is a process that involves analyzing each line of code to detect errors, logical fallacies, and security holes, which cannot be fixed once deployed.
Since 2020, Prime Web Technologies has been the leading smart contract audit company in Dubai, United Arab Emirates, offering comprehensive security audits and even target evaluations of smart contracts. Our team of skilled auditors holds the expertise, tools, and experience required to audit smart contracts developed in Solidity, Vyper, Rust, C++, Golang, or other programming languages and built on Ethereum, Hyperledger Fabric, Graphene, or any other blockchain platform. Whether it’s decentralized applications (dApps), tokenized asset solutions, blockchain-based marketplaces, decentralized autonomous organizations (DAOs), or other blockchain solutions, we provide thorough smart contract audits for all. Get in touch to discuss more about our smart contract audit services!
Smart contracts are irreversible and cannot be edited once deployed. Thus, it is important to deploy error-free smart contracts that can seamlessly operate as desired without fail. A proper smart contract audit before implementing it on the mainnet can ensure the following benefits:
Ensure the safety and reliability of your digital agreements before deploying them on the mainnet with our assistance. We provide a wide range of Smart Contract Audit Services serving numerous business domains. Here is what we offer.
This is the complete audit service under which our auditors check the smart contracts of your blockchain applications for any issues related to security, compliance, or something else. Our blockchain experts then analyze them and make recommendations for eradication.
We offer threat modeling services to analyze the code, infrastructure, data flows, and security controls for your smart contracts. Our auditors will provide you with a complete report on the spotted issues that can materialize in the future and even provide the correct approaches to mitigate them.
Security Incident Planning can help you prepare for emergencies! Our professionals will provide a step-by-step approach that mainly includes identification, reporting, and remediation to deal with any kind of security incident.
This is an automated Smart Contract Audit Service in which we use automated security analysis tools such as MythX, Slither, Echidna, and Mythril. It allows the quick detection of common vulnerabilities and bugs in the code that make it susceptible to cyber attacks.
We can audit various types of smart contracts, each with unique features and functionalities supporting different blockchain solutions. Here are some of the projects for which we provide smart contract audits:
We examine NFT marketplace smart contracts to identify and eliminate security vulnerabilities. This ensures assets are safely minted, traded, and transferred across your ecosystem.
We provide audits for DeFi protocols to detect and protect your platform from major exploits such as flash-loan attacks, price-manipulation risks, and logic flaws.
To maintain the integrity of your governance protocols and prevent manipulation, we audit DAO contracts by employing both automated and manual testing procedures.
We audit DEX smart contracts to protect them from any potential hacks or exploits and gain the trust of users and investors.
Whether launching ICOs, IDOs, or STOs, we audit token sale and distribution contracts to prevent exploitation and deliver trust among users.
Our audits analyze the stablecoins, payment gateways, and settlement contracts to make sure the transactions are secure and compliant.
We audit smart contracts using our advanced technology stack, which is described below:
We don’t just directly jump to checking the code of your smart contracts; we follow an agile methodology to ensure the program of the smart contract works as intended and is secure from any type of flaw. Here’s the approach we follow:
Our team will gather all the details of your smart contract development project to understand the code specifications, design, and development process. It helps us learn about the intended features, functionalities, and architecture of the smart contract.
The smart contract is then analyzed using sophisticated tools. Typically, we use Quill Hash, Manticore, and MythX to look for vulnerabilities, syntax errors, bugs, and security flaws, and ensure compliance with security standards.
Automated testing is extremely beneficial, but we don't solely rely on it. Our auditors manually inspect the code line by line to ensure that it meets high coding standards. We specifically look for re-entrance, malicious libraries, front running, and other issues.
Our QA specialists and developers would manually test each feature and functionality of the smart contract by running it through various parameters and conditions. It aims to identify any issues based on operational and business logic.
A thorough audit report details every problem and vulnerability of any kind found in the different stages of the smart contract audits. Not only that, but we will also make the necessary suggestions to address the problems.
After submitting the initial audit report, you can review it and have it corrected by your internal team or our smart contract developers. It's up to you, but the goal is to address each and every vulnerability and eliminate it.
Once the suggested changes are rectified by the developers, the smart contract is again audited by passing through the same series of tests to check if all the issues have been resolved.
At this point, the majority of smart contracts have been fully optimized. Thus, a comprehensive report is created stating that the issues have been resolved and that the contract is secure and compliant with security requirements.
Your smart contracts are crucial; protect them from unnecessary risks that can be avoided with the right approach. Choose Prime Web Technologies to audit your smart contracts and ensure the quality and security of your decentralized applications. Utilizing our expertise in programming languages, decentralized networks, consensus mechanisms, and other areas of blockchain, we spot not only every vulnerability in the code using the latest tools and technologies. However, we go above and beyond any smart contract audit firm by anticipating and understanding the strategies and tactics used by attackers to provide you with deeply analytical reports. Partner with Prime Web Technologies, and we will help you gain better control over your smart contracts and mitigate risks before they can cause security or financial impact.
A smart contract audit is the process of evaluating the smart contract to detect any security vulnerabilities or loopholes in the code, logic, and architecture. It is important to eradicate vulnerabilities and improve the code to minimize potential risks.
While both approaches aim to detect security vulnerabilities in smart contract architecture, automated audits are carried out by software tools, whereas manual audits are carried out by human auditors. As each audit has its own set of advantages, it is best to use a combination of both to analyze your smart contracts.
Smart contract audits are essential for all blockchain projects, especially those involving DeFi and digital assets. Initial Coin Offerings (ICOs), Decentralized Finance (DeFi) protocols, Security Token Offerings (STOs), and Non-Fungible Tokens (NFTs) are examples of projects that all require smart contract audits.
It is not advisable to skip an audit, even for small or simple contracts. It can be highly risky and may lead to vulnerabilities or potential loss of data and funds.
The duration of a smart contract audit depends on the complexity and nature of the smart contract as well as the scope of the project. A smart contract for a token can be audited within a couple of days, while for highly sophisticated platforms like decentralized exchanges or Web3 Gaming platforms, it can take weeks and even more than a month.
