Community Audit Initiative — QuillAudits

Free Community Audits for smart Contracts based on Ethereum, EOS & Tron

Published in

QuillHash

4 min readJan 6, 2020

QuillAudits was launched in mid-2018 with the primary aim to secure the Blockchain ecosystem and to provide the right tools and content to evangelize the community regarding the smart contract & blockchain security. Throughout the years, we have secured around 110 smart contracts and the amount we have secured would be around $ 22 million in the form of digital assets on smart contracts.

In a gesture to support the Blockchain community by helping the grassroots projects to grow them much faster, QuillAudits is pleased to announce the “Community Audit Initiative”.

Following this initiative, QuillAudits team will choose 1 project each month from the pool of smart contracts and dApps based on Ethereum, EOS, and Tron to audit their smart contract or dApp code without any cost.

A dire need -

As Preetam Rao, Co-Founder of Quillhash quotes,

“ When it comes to Blockchain and Smart contracts, everybody thinks it is secure. But it’s not. There are millions of dollars flowing through each smart contract and they are vulnerable. We have seen smart contracts getting hacked in past. Security of smart contracts should not be taken for granted and for each developer or a team launching a smart contract that is or is about to be in possession of a large amount of money, is in obligation of a security audit”

Smart contracts are the essence of all Ethereum, EOS, and Tron based dApps, Defi, protocols, blockchain games, crypto-collectibles, and Token Sales. They’re code designed to enforce a set of rules autonomously and are immutable once deployed on the blockchain. This intrinsic quality makes smart contracts reliable and trustless, but also gives only one shot to make it right.

Now the core qualities of smart contracts have gained huge attention from communities all around the world. As a result, by beginning of this year, we already have over 1,000,000 of smart contracts deployed on Ethereum and total number of Ethereum, EOS, and Other DApps reaches over 3000 (a large chunk of those accounting as games).

A large chunk of these contracts and projects are led by solo developers or projects are not externally funded. It is difficult for these projects to arrange funds to get a good quality audit done from a third party auditor.

QuillAudits’ Community Audit initiative will support individuals and teams aspiring to create substantial impact for community and having fundamental utility to develop their projects more effectively.

Encouragement -

QuillAudits initiative is open to apply for all dapps, games, smart contracts, tokens based on Ethereum and EOS. The only criteria is to have a real utility.

As Rajat Gahlot, Co-Founder of Quillhash quotes,

“ Blockchain is a worldwide phenomenon with immense opportunities in all sectors. We promise to support individual developers or teams from all over the globe with vision to bring utility to our ecosystem and help the ecosystem grow and make the world a better place. QuillAudits Community audit initiative is to help them move one step closer to their vision”

In recent months, we have seen huge decline in projects receiving external funding due to various reasons. This has resulted in a state where investors are hesitant to fund the projects that are in the development phase.

QuillAudits Community Audit initiative will support such projects who are in the development phase by providing good quality audit services without any cost.

There are already a few beneficiaries of the initiative. One of them is Infiniverse project based on EOS platform.

Community Audit Rules —

QuillAudits team will choose One Project each month for a Free Detailed Audit -

Applications are accepted between first 2 weeks of every month.
In the 3rd week of the month, projects will be reviewed on the bases of the different selection processes and on the 21st we will announce a project name for the Community Audit.
Detailed Audit Report is made live on the last date of the following month.

Find more details here — https://audits.quillhash.com/smart-contract-audit

Source —

QuillAudits is a secure smart contract audits platform designed by QuillHash Technologies. It is a fully automated platform to verify smart contracts to check for security vulnerabilities through it’s superior manual review and automated tools. We conduct both smart contract audits and penetration tests to find potential security vulnerabilities that might harm the platform’s integrity.