Understanding smart contract security tooling and audits

We will start with tooling first and then move on to auditing. As a beginner, you should be able to distinguish between security and auditing concerns.

A smart contract developer should use tools to ensure their code is free of vulnerabilities for several reasons:

• Financial implications: Smart contracts often handle and manage valuable assets, such as cryptocurrencies and tokens. Vulnerable smart contracts can lead to significant financial losses, both for the developer and the users.
• Immutability: Once deployed on a blockchain, smart contracts are immutable, meaning they cannot be changed or updated. Any vulnerabilities present in the code will persist, making it crucial to identify and fix issues before deployment.
• Trust and reputation: Ensuring that smart contracts are secure is essential for building trust among users and maintaining a good reputation in the industry. Security breaches and loss of funds...