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Blockchain audits: The steps to ensure a network is secure

2022.08.30 03:41

Blockchain audits: The steps to ensure a network is secure
Blockchain audits: The steps to ensure a network is secure

The last few years have seen blockchain platforms becoming the centerpiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent applications. In this regard, it should be noted that the use of blockchain has permeated into a host of novel sectors, including banking, finance, supply chain management, healthcare and gaming, among many others.

As a result of this growing popularity, discussions pertaining to blockchain audits have increased considerably, and rightly so. While blockchains allow for decentralized peer-to-peer transactions between individuals and companies, they are not immune to issues of hacking and third-party infiltration.

How are blockchain security audits conducted?

Establish the goal of the audit

Identify the key components of the blockchain ecosystem

Isolate key issues

Threat modeling

Resolve of the issues in question

Source

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