Importance of smart contract audits

Smart contract auditing is vital to check if a project is safe, free from bugs, and prevent exploitation by a crypto contracts scam.

When a smart contract does an audit, it focuses on scrutinizing the code behind it to see if there is a bug.

Developers use audits by third parties like blockchain security companies such as PeckShield to verify the code for bugs and vulnerabilities before deploying them.

This process ensures that smart contracts perform effectively.

Auditing smart contracts heighten their security, reducing the risks of attacks.

Smart contract audit leads to a code optimization process, ensuring that its use cases are attained.

The loopholes that are vulnerable to exploitation are preemptively and plugged with an audited smart contract.