Ethereum Smart Contract Security Audit Automated – Amberdata Develops Support for Automated Audits
Ethereum is growing in popularity with each passing day. Analysts report that Ethereum users deploy about 8,000 smart contracts daily, and this figure is expected to soar over the coming months. Concerns about security have risen in light of this development, and Amberdata has emerged as the pacemaker in facilitating security audits for Ethereum smart contracts.
Incorporating Byte Code Security Analysis and Smart Contract Static
Amberdata has taken a two-pronged approach in its latest move to automate security audits for Ethereum smart contracts. The system will combine the use of bytecode security analysis and smart contract static to detect vulnerabilities in smart contracts.
Amberdata has also catered for analysis using a simple and easy-to-read vulnerability score. The score will help determine the strengths or weaknesses of your Ethereum smart contract on a fixed scale – developers are yet to declare the scale. What’s more, the system comes with a console that bears metrics that offer insight into the health and state of users’ applications.
Amberdata has also offered several complementary features not related to security. Among these are smart contract real-time streaming and history logs. The real-time tracking logs enable you to monitor the utility of Ethereum smart contracts in real time to ensure that you do not miss out on any developments. The history logs, on the other hand, offers access to past activities on any smart contract in an easy-to-view time-series format. Combined, both of these features boost transparency and efficacy.
Boosting Speed and Efficiency
Ethereum smart contracts should meet two requirements that are absolutely necessary: they should be secure, and security protocols should be transparent and easily accessible to all. Security audits have been getting harder and more expensive to perform considering the influx of smart contracts on this platform. In fact, hiring security analysts do not guarantee full and efficient audits.
This security auditing automated system from Amberdata helps overcome these and other challenges.
For starters, it increases the speed at which security audits on Ethereum smart contracts are conducted by utilizing advanced software technology that is many times faster than ordinary software and human analysts. This helps free up a lot of time and, consequently, leads to faster turnarounds between customers and their clients.
This system from Amberdata has already performed comprehensive security audits on over 280,000 Ethereum smart contracts in the short period it has been operational – this should give you an idea of how fast it is.
As mentioned, this system from Amberdata has already audited over 280,000 smart contracts. Results show that about 16% of these smart contracts have security vulnerabilities yet they had earlier been cleared. This is also meant to give you an idea of the system’s level of efficiency.
Ethereum is fast growing in popularity and more people prefer to make smart contracts based on this platform. User experience with respect to security is about to get even better now that Amberdata has launched an automated security audit system. However, this system is currently only available to Amberdata clients.