As the adoption of blockchain technology gains popularity, it becomes increasingly important to ensure that the space is secure. A wide range of industries have started using smart contracts for various financial applications and services.
Some of the great features of smart contracts are the immutability and transparency they offer. However, there have been numerous cases where weaknesses have been present in smart contracts.
Solidity Finance is a distinguished team of auditors and has a strong methodology for evaluating smart contracts. Our review will take a closer look at the company and share insights into the methods they use while helping project teams with their services.
About Solidity Finance
Many project teams know that Solidity Finance is a top smart contract auditing company that has been in the space since 2020 and can handle projects of varying sizes and scopes.
Solidity Finance services have been utilised by more than 1,300 project teams so far for their smart contracts. More impressive still, the firm was the second largest audit firm by volume in 2021, and is on track to complete even more work for this year.
Solidity Finance services are "chain agnostic", meaning they can perform audits for projects spanning a variety of networks:
· Ethereal
· Binance Smart Chain
· Polygon
· ghost
· avalanche
· harmony one
· KuCoin
· huobi echo
· Referee
· Any other EVM compatible string
The company conducts a rigorous manual code review for every project it reviews. Additionally, their auditors have regular team meetings and peer reviews to address any concerns throughout their analysis.
The Robust Smart Contract Audit Methodology
Solidity Finance’s website includes a breakdown of their process, starting with an automated testing phase.
During the automated testing phase, auditors use their own proprietary tools to run a series of tests that provide immediate feedback on areas of code that require careful attention and further evaluation.
Auditors then proceed with a manual line-by-line review to ensure that the logic of each function, especially the areas that are exchanging value, is properly secured. Performing this step in the Solidity Audit® process is a critical and time-consuming operation. Automated tools often miss the subtleties that lead to vulnerabilities that a hacker can exploit.
After compiling a list of findings and building detailed exploitation scenarios, Solidity Finance engages with the customer to resolve any issues that were discovered during the review. This phase requires the full collaboration of the development team to obtain an approved Robustness Audit report.
Previous Audit Reports
The team has the complete audit of more than 1,300 projects, corresponding to a value of more than $10 billion. Solidity Finance 's website has a "Featured Audits" section where anyone can view a sample of the company's completed reviews.
Here you will find the reports of some recent clients:
Visit their website to observe more smart contract audits whenever you like.
A few words about the project partners
Solidity Finance has also partnered with various companies throughout the blockchain space in an effort to provide its clients with quality service options for their other blockchain needs. On their website, you can find their partner launch pads, KYC providers, and more. Additionally, Solidity Finance may link project teams with experts in front-end website security, centralised exchanges, and legal advice.
Solidity Finance is a preferred auditor on several trusted launch platforms, including Unicrypt, PinkSale, and DxSale. This is crucial as project teams will need to use a preferred auditor like Solidity Finance to host an audited ICO on one of these platforms. Also, project teams may need KYC in order to participate as well. Fortunately, Solidity Finance can help with that through its KYC partner, KYC Capital. As an added benefit, Solidity Finance clients will receive a discount if they choose to use KYC Capital for their KYC needs.
Solidity Finance Team and Expansion Plans
Solidity Finance employs industry experts to provide quality services to its clients. Since the company's founding in 2020, Solidity Finance has grown exponentially and expanded its offerings beyond providing audits. Their team of highly trained engineers also offer smart contract development services.
The Solidity Finance team also told us about their exciting projects that are reaching their final stages of internal development. In the coming months, the team plans to offer decentralized data solutions to customers through which they will be able to serve trusted, decentralized, and tamper-resistant data to customers at an affordable price. Additionally, the company is working on a complete website redesign that will introduce new and interactive features to enhance the user experience.
Final Thoughts
Solidity Finance operates in one of the blockchain businesses that is becoming increasingly important to the industry: ensuring that a smart contract is free of dangerous loopholes that can be exploited by anyone with malicious intent.
Not only can the company audit any type of platform, from tokens, NFTs, and complex financial protocols and strategies, but it also offers some of the fastest response times in the industry.
Throughout Solidity Finance's 1,300+ reports, which are available for viewing on their website, they have uncovered numerous exploits ranging from re-entry, oracle manipulation, flash loan exploitation, and other logical issues within smart contracts.
