What Is ‘Formal Verification’ in Smart Contracts?
Formal verification is a rigorous process that uses mathematical proofs to confirm that the smart contract code behaves exactly as intended under all possible conditions. It is a highly advanced method of testing that aims to prove the absence of bugs, offering a much higher degree of security assurance than traditional testing.
Glossar
Mathematical Proofs
Derivation ⎊ Mathematical proofs within cryptocurrency, options trading, and financial derivatives establish the logical validity of models used for pricing, risk management, and strategy development.
Security Assurance
Attestation ⎊ Security assurance within cryptocurrency, options trading, and financial derivatives centers on verifiable proofs of system state and operational integrity.