Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,09 trillion. Bitcoin is up by over 2% to reach around $27,200. Ethereum increased by nearly 6% to close to $1,700. XRP gained almost 2% in value during a highly volatile week. Almost all altcoins are trading in the green, with virtually no exceptions. The DeFi sector maintains the total value of protocols (TVL)…
Sponsored
Home
Featured on homepageReviewsProjectsCyfrin – Smart Contract Audits Enabling Developers to Do More
Featured on homepageReviewsProjectsCyfrin – Smart Contract Audits Enabling Developers to Do MoreCyfrin – Smart Contract Audits Enabling Developers to Do More
Cyfrin is an up-and-coming Web3 security company aiming to ensure industry-leading protection for DeFi and blockchain-based projects. The company stands out as a reliable smart contract security provider but also for its educational mission. Its goal is to help developers at every step of the way with high-performance auditing tools and code reviews.
This Cyfrin review examines one of the emerging smart contract auditors so necessary in today’s rapidly growing crypto space. Read on to discover more about its security solutions and future plans!
How Cyfrin Audits Tackle Smart Contract Issues
A smart contract is the backbone of most decentralized applications operating on or off the blockchain. It is a code-based program executing predetermined conditions when they are met to facilitate transactions or other operations. It only takes a minor vulnerability within its code to disrupt its functioning and allow hackers to pass the security barriers.
Smart contract hacking is a common issue for blockchain applications. In 2022, the industry lost over $3.8 billion to security loopholes and vulnerabilities. That’s why new and established projects must audit their smart contract codes. This process helps developers secure the system, eliminate flaws, and minimize the risk of a successful hack attack.
The number of smart contract auditors has increased significantly in recent years. However, the service quality remains below average. Moreover, many developers need help understanding the importance of code audits and reviews. Meanwhile, other projects delay launching due to a need for more cost-effective and efficient auditing tools.
Cyfrin seeks to change this narrative and provide cutting-edge auditing tools to help developers build and launch impenetrable smart contract codes.
The company launched in early 2023, attracting considerable community support through its top-tier services and educational materials. Furthermore, its proficient team of expert auditors has helped projects achieve a higher security standard and launch successfully with minimal safety risks.
Cyfrin focuses on creating content and tools to help Web3 scale up and become a safer, more transparent, and more lucrative environment.
Cyfrin Auditing Tools
Cyfrin aims to become the go-to audit security service for developers and DeFi projects everywhere. To this end, it has developed a suite of advanced tools to help them each step of the way:
Smart Contract Audits
This feature enables project developers to work closely with expert Cyfrin auditors. The process sees them inspect every line of the smart contract code, searching for potential vulnerabilities. Next, they address every loophole they find and provide viable solutions. It is a comprehensive method of securing smart contracts before or after launching.
Code Reviews
Cyfrin provides in-depth code reviews to help developers understand whether they are building in the right direction or with the appropriate tech stack. This feature also gives them an idea of the cost-effectiveness of their smart contract code. Moreover, it helps them understand what to expect from a complete security audit.
Fuzz Testing
The fuzz or invariant test is a tool Cyfrin auditors use to find high-severity issues quickly. They perform this test before manually reviewing the code to save time and resources. The company believes fuzz testing is the new floor for security in Web3.
Final Thoughts
Cyfrin is a much-needed, new service in smart contract auditing. The company proposes practical auditing tools to help developers eliminate code bugs and improve their skills. Furthermore, its ambitious plan for an educational platform should increase the importance of security audits in the emerging Web3 economy.
The Cyfrin team comprises professional auditors and engineers with extensive experience in DeFi and blockchain:
- Patrick Collins – The company’s CEO is a seasoned software engineer boasting the most watched Solidity education video(s) of all time.
- Hans – The #1 Ranked Auditor as of Writing on Code4rena
- Alex – An ex-Chainlink Labs Engineer in charge of $5B+ DeFi integrations
- 0Kage – A Code4rena Top Finisher and Experienced FinTech Engineer
- Carlos – A Code4rena Top Finisher & Expert Solidity Engineer
- Giovanni Di Siena – An expert Solidity Engineer
The team also includes other Fintech and Solidity experts working to make Web3 a safer, more transparent space. In the long run, Cyfrin aims to become an industry-leading auditing company playing a significant educational role and pushing the security space forward.
Eth
Ethereum
$1.639,23
price
price
1.38143%
price change
You can learn about Cyfrin at: Website | Twitter | GitHub | LinkedIn | YouTube.
Disclosure: This is a sponsored post. Crypto Adventure cannot and does not contain financial advice. The information is provided for general informational and educational purposes only and is not a substitute for professional advice. Trading cryptocurrencies is a highly risky activity and can lead to major losses. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of financial advice. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED ON THE SITE IS SOLELY AT YOUR OWN RISK. Learn More
Stay up to date with our latest articles
