Our Smart Contract Audit Report Has Been Released!
Web3 represents a tremendous opportunity for consumers of web services, with a more immersive user experience, and much more secure access to online services that (almost) no longer need to go through a back office to interact with their customers.
In a (very) simplified way, we could say that the native security of blockchain protocols is based on:
- the use of a reliable, high-performance blockchain infrastructure,
- the use of smart contracts (the heart of your web3 application) written (i.e. designed and coded) according to the highest performance and security standards.
Choosing a protocol is usually pretty straightforward, given the track record of the largest Layer One networks, and the natural attraction of the best projects to the most efficient and active networks. The most tricky part for the user is having to trust the contracts (and therefore those who designed them).
The Solidity language (Over 75% of professional projects use it to date*) is inaccessible to the average Joe, and solutions for interpreting contracts in a format suitable for Joe are not yet widespread. The community of skilled users can be counted on to share public feedback on the contracts of the most popular projects. But this is obviously not yet the norm.
Web3 companies therefore need to call on independent expertise to show their users their credentials.
The audit of a smart contract allows a thorough analysis of smart contract sets, as well as the detection and elimination of vulnerabilities. If you can’t read them yourself, you can at least be reassured about the security of flows and the absence of vulnerabilities in critical service processes. As the legal aspects of contracts are also at stake, it is of course essential to ensure that the company/foundation issuing the contracts is “well established”, and that the services accessible via these contracts are governed by duly drafted, comprehensive and clear general terms and conditions (aka “GTCs”) of sale, which should be publicly accessible to the user.
It was therefore obvious for our company Source Node, the ooNodz Network’s owner, to meet these standards in order to satisfy its customers in the best possible way.
Our services are governed by French Law (public GTCs are mandatory here), and our contracts have been audited by Deepy.lu. We deliberately chose a Luxembourg-based IT service provider specializing in Solidity development, who is not a crypto pure player, and who works for major accounts in Luxembourg, Belgium, France and Ireland. In this way, we wanted to avoid the risk inherent in young crypto auditing pure players: having to deal with skills below the standards expected for the assignment.
While we prepare the launch of new services, do not hesitate to read our documentation to get the full report (and more!).
*Solidity Developer Survey 2022.
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About Source Node
Source Node is a French engineering company working to make tomorrow’s decentralized infrastructures accessible to the largest number possible. We offer IT and advisory services to blockchain operators (individuals and businesses) as well as to companies and institutions wishing to launch new web3 use cases.
