Role of Smart Contract Audits in a DApp Development Company’s Workflow
In the rapidly evolving landscape of Web3, the success and security of a decentralized application ( DApp ) hinge entirely on its underlying code — the smart contracts. These self-executing, immutable agreements are the lifeblood of DApps, governing everything from asset custody and financial transactions to governance mechanisms. Consequently, the meticulous process of a smart contract audit is not merely a precautionary step but a fundamental, non-negotiable requirement integrated deeply into the workflow of any reputable DApp development company . This article explores why rigorous auditing is essential, detailing its integration into the development lifecycle and its profound impact on security, trust, and the reputation of DApp development services. Massive Annual Losses: In 2023 alone, funds stolen from crypto projects totaled approximately $1.7 billion . While this was a decrease from the previous year, the risk remains high, with the numbe...