While many businesses prefer to hire smart contract development companies to perform a smart contract audit on their Blockchain applications, some of them find it challenging and time-consuming. Thus, utilizing smart contract security audit tools could be an ideal option to save time and cost simultaneously.
However, finding robust and user-friendly audit tools on the web is a tedious task. This blog lists some top smart contract security audit tools businesses must use to perform security audits conveniently.
MythX is one of the most popular smart contract security audit tools that identify smart contracts written in Vyper and Solidity. Apart from detecting common vulnerabilities, the platform also performs static and dynamic analysis to identify reentrancy attacks and integer overflow. Developers can use MythX to get real-time feedback on the security of smart contracts in the development environments such as Truffle and Remix.
CertiK is a top smart contract security audit platform that identifies flaws in smart contracts code using formal verification: a rigorous method of ensuring the authenticity and correctness of code by mathematically verifying the specifications. Just like MythX, CertiK uses both static and dynamic methods to find potential vulnerabilities and errors in the smart contract’s code.
Securify uses a combination of taint analysis, concrete execution, and symbolic execution to find smart contract security vulnerabilities. The tool is developed by developers from the National University of Singapore. In addition to detecting reentrancy attacks, Securify can also identify integer overflows/underflows, callcode invocations, malicious delegate calls, and more.
Oyente comes with a range of features to help auditors detect gas limit vulnerabilities and potential divisions. The tool creates a visual representation of the smart contract’s flow graph to help developers understand the security vulnerabilities. Oyente can be easily accessed through its GitHub repository as it is an open-source security audit tool.
SmartCheck is a unique tool that identifies flaws in smart contracts code using machine learning algorithms. It provides developers with detailed reports citing potential attack scenarios and source code locations. The vulnerability reports generated by SmartCheck help developers understand risks associated with their programs and ways to mitigate them conveniently.
Quantstamp is a smart contract security audit tool created by Quantstamp team- A leader in web3 security. Ever since it came into existence, the tool has been used by various organizations and Maker Foundation is one of them. Users can fetch detailed vulnerability reports including their impact on the contracts code and their severity.
ZeppelinOS is a comprehensive platform designed for managing, developing, auditing, and deploying smart contracts on Ethereum Blockchain. It comes with a development environment along with a list of smart contract libraries. It is created specifically to help users mitigate risks associated with updating smart contract architecture.
Antier follows the below-listed steps while performing a smart contract security audit:
Step 1: Gathering Project Requirements
The security auditors at Antier understand functional requirements and analyze code design patterns shared by the client to know the intended behavior of smart contract applications.
Step 2: Performing Static and Dynamic Code Analysis
After gathering the project requirements, we perform code reviews with automated tools to identify compilation issues, malicious code, and potential errors.
Step 3: Performing Conditional code testing
In conditional code testing, we deploy smart contracts on a local sandbox environment and verify the gas limits to prevent unnecessary gas consumption.
Step 4: Verifying the Code Manually
Verifying the code manually involves line-by-line code inspection to find threats such as denial of service attacks, external calls, and timestamp dependence.
Step 5: Business Logic Verification
After manual code verification, we use audit tools to confirm whether the project is architectured as per the business logic.
Step 6: Preparing the Initial Audit Report
The initial audit report highlights the number of risks encountered during the audit process.
Step 7: Creating and Submitting the Final Audit Report
The final report will be delivered along with vulnerability details and recorded risks.
To conclude, the smart contract security audit tools listed above can help you save time and money during the audit process. Rest, you can also get in touch with security auditors at Antier to get smart contract security audit solutions for your business.
Antier is a smart contract development company that provides a plethora of services such as smart contract architecture creation, smart contract development, smart contract optimization, and smart contract audit. The company helps businesses launch secure Blockchain applications by providing them with advanced smart contract audit services as per their business requirements.
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