How Can a User Verify If a Platform’s Smart Contracts Have Been Audited?
Users can verify if a platform's smart contracts have been audited by checking the project's official website, documentation, or blog, where they typically post the full audit reports. These reports are usually issued by the auditing firm and will detail the scope of the audit and any findings.
It is also a good practice to verify the report on the auditor's own website if possible. Users should be cautious of projects that claim to be audited but do not provide a public report, as this can be a red flag.
Glossar
Smart Contract
Code ⎊ The contract is fundamentally self-executing code deployed on a distributed ledger, embodying the terms of the agreement in an immutable format.
Smart Contract Audit
Vulnerability ⎊ A smart contract audit, within the context of cryptocurrency and financial derivatives, represents a systematic evaluation of code for exploitable weaknesses that could lead to financial loss or operational disruption.