Why is it important to audit smart contracts? 📝

Roobee
Roobee_invest
Published in
2 min readJul 27, 2019

The crypto world can be described in two words: openness and decentralization. Each project must prove the clarity and transparency in the functioning of its platform, cryptocurrency, or token.

To prove the security/trustworthiness of the smart contract code before holding an IEO, the project is required to provide the results of the smart contract auditing ✅

A project that has passed the audit of its smart contract can be rightfully considered safe. For users, this means that their funds will be securely protected.

There have been cases of users losing their funds before vulnerabilities in the code of smart contracts were found, but this is the exception rather than the rule.

Where can I learn about the audit of Roobee’s smart contracts ❓

Dan Kaizer, our blockchain developer, has published on GitHub reports of Roobee’s smart contracts auditing done by SmartDec and MixBytes experts.

Follow the links below to see the reports 👇

SmartDec
MixBytes

🔹 What is SmartDec?

SmartDec is a company that analyzes applications in terms of high- and low-level languages, develops software, and ensures the security of smart contracts and develops software. They have been specialized in security at the international level for many years.

They analyze smart contracts together with the front- and back-end and check for errors in the contract’s logic.

They also analyze whether there are backdoors and any departures from what has been stated in the whitepaper.

🔹 What is MixBytes?

The goals of the MixBytes laboratory are to popularize blockchain technologies and improve the security of cryptocurrencies and smart contracts.

The laboratory conducts auditing of smart contracts and decentralized projects. Auditing is being conducted by specialists with ten years of experience in the fields of data security and software development.

The reports of the audits can be found via the links above.

To conclude this post, we want to say that safe and secure storage of funds on the platform is the main priority of the Roobee team. Users can be assured that their transactions and investments will be securely protected 🔓

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Roobee
Roobee_invest

Roobee is a blockchain-based investment platform. Website: https://roobee.io/