Audit

How it is used

Used as a noun and a verb: get an audit, audit the contracts, audit report, audited code. Findings are ranked as critical, high, medium or low. Teams stress that an audit reduces risk but does not guarantee that code is safe.

Example sentences

1. The audit found two high-severity issues, and both were fixed before launch.

2. Users asked whether the new contracts had been audited.

Common collocations

• security audit
• audit report
• audited smart contract
• audit firm
• get an audit

Related terms

• smart contractA program stored on a blockchain that runs automatically when certain conditions are met. Once deployed it usually cannot be changed, and it can hold and move funds without a middleman.
• exploitAn attack that takes advantage of a bug or design weakness, often in a smart contract or bridge, to steal funds or make a system behave in a way its creators did not intend.
• SolidityThe most widely used programming language for writing smart contracts on Ethereum and other EVM-compatible blockchains. Its syntax looks a little like JavaScript and C++.
• deployTo publish a smart contract to a blockchain so that it gets its own address and can be used. Deploying costs gas, and the code usually cannot be changed afterwards.
• testnetA copy of a blockchain network used for testing, where the tokens have no real value. Developers try out contracts and upgrades there before using them on mainnet.

This word in other fields

The same English word can have a different meaning in another field:

• audit · Software Engineering
• audit · Cybersecurity
• audit · Industrial Engineering & Manufacturing
• audit · Food Science & Technology
• audit · Finance & Banking
• audit · Accounting & Tax
• audit · Public Administration

More terms: Smart Contracts & dApps

• dApp
• EVM
• oracle
• protocol
• DAO