Having an audit done by a competent firm is a must have for any smart contract, and with the expertise of QuillAudits it will be done flawlessly. The audit process for Algorand smart contract is based on the comprehensive approach we follow to investigate the code for security flaws and potential vulnerabilities, and the best possible ways to mitigate them.
Complete Vulnerability Check
Smart contracts are widely exposed to threats such as front-running, reentrancy attacks, Arithmetic logic flaws, etc., time and again. Our in-house security experts manually review and authenticate every bit of code to identify and mitigate all possible risks and vulnerabilities.
Detailed reports on the severity issues detected in the code with the security recommendations can be obtained from the Algorand smart contract audit by our experts. Get the code audited as you develop to eliminate all potential vulnerabilities that may otherwise go unnoticed before it's too late.
Scheduled Auto Scans
A code requires to be updated, re-audited and reformed to reassure your users of the safety and protection offered to their assets by your project. Thus, auditing once isn't the end, as regular scans help maintain integrity and security throughout future development cycles.
Our experts assess the risk and provide security recommendations after rigorous testing and fathoming the code from multiple perspectives. QuillAudits reports summarize the project and describe each vulnerability with specific reference to relevant portions of the smart contract.
Algorand is a relatively new yet widely adopted protocol for building Web3 and decentralized applications. Its unique combination of sharing technology and Nightshade PoS consensus mechanism offers a more efficient, scalable dApps ecosystem with low fees, paving the way for widespread Web3.0 adoption. With Web3.0 being slated as the future of the internet, it is necessary for the dApps built on this ecosystem to ensure on par or better security than existing online applications. Enabling it is QuillAudits’ three-part Algorand smart contract audit process.
In-depth code scrutiny by QuillAudits team brings out any code flaws that make smart contracts vulnerable to remediation.
Vectors Identify loopholes most likely to be exploited by hackers and plug them.
Streamline the code to optimize processes, minimize associated costs, and more.
Audit reports and certification from a reputed smart contract audit firm help build trust among stakeholders.
Each year, millions drain down the crypto hacks. Here are a few examples how hackers took advantage of the loopholes in the code to escape with millions:
In March 2022, $615M were stolen from Ronin Network, a platform powering the popular mobile game Axie Infinity.
In August 2021, the criminals transferred $611M-worth of Poly Network tokens to three wallets they controlled.
In September 2020, $275m worth of cryptocurrency was stolen from the Singapore-headquartered exchange KuCoin.
Caption: Values calculated according to cryptocurrency prices at the time of the theft
Source: Statista/Bloomberg, Business Insider, TechCrunch, CNBC, Ronin Network, Vice.
Very professional and timed delivery. Also very prompt in responses and queries.
The team is very supportive and they were able to work as per our requirements
QuillAudits did a great job with our audit, was very professional and provided quick service
QuillAudits provided security enhancements for Polygon projects, earning positive feedback for their prompt and high-quality service as an auditing partner.
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Standing out for speed of transactions and advanced smart contract capabilities, Algorand is world’s first carbon negative, permissionless blockchain protocol designed for application development on its top and value transfer.
The Algorand platform is designed to process a large number of transactions quickly, much like a major payment processor such as Mastercard or Visa. It also employs a pure proof-of-stake (PPoS) operating protocol, which recruits network operators from the entire pool of ALGO coin holders.
The blockchain is intrinsically designed to solve three major problems blockchains come across –security, scalability, and decentralization – commonly termed the ‘blockchain trilemma’.
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