Don’t rush to memorize definitions: Are audited projects safe?
Audit reports generally specify the issues found, their risk levels, and whether they have been fixed.
A code audit is an inspection of a specific version of code, conducted by a third-party security firm at a particular point in time.
When you come across a new protocol with an annualized yield significantly higher than comparable ones, first check whether it has been audited, whether the team is publicly identified, and whether the contracts can be upgraded at will.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
Audit reports generally specify the issues found, their risk levels, and whether they have been fixed.
A code audit is an inspection of a specific version of code, conducted by a third-party security firm at a particular point in time.
When you come across a new protocol with an annualized yield significantly higher than comparable ones, first check whether it has been audited, whether the team is publicly identified, and whether the contracts can be upgraded at will.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.
