The relevance of a Smart Contract Security Audit
A Smart Contract Security Audit is the practice of validating the security assurance of a software by reviewing its code. It is the main and most important process performed within the management of secure software development. At Outer Ring MMO we are very aware of this and that is why we have TechRate, a team of engineers and analysts specialized in blockchain technology and business analysis with extensive experience in the cryptocurrency market.
If you want to see what other projects they have audited, you can see them here: https://techrate.org/#product-list
Smart Contract Security Audit Process
This process is mainly performed by reviewing and reading the code. This code is presented as original source code and through SCs released on testnet. Reverse engineering techniques and highly specialized software are applied for validation.
This process is really a code review, a code quality control and a security control of the audited code.
In software development, security requirements must always be met, especially if we are talking about software capable of managing monetary capital. Writing a small script is not the same as developing a project as big as Outer Ring MMO, as you can imagine, the implications and risks involved are different.
As an example of transparency we would like to show one of the audits performed to GQ, which you can download here: https://github.com/TechRate/Smart-Contract-Audits/blob/main/February/Galactic%20Quadrant.pdf
This is one of the partial audits, performed on the central SC of Outer Ring MMO in which we found several improvements that could be made.
The Outer Ring MMO ecosystem is formed by a large number of Smart Contracts that interact with each other. They will be audited by different auditing entities and once the possible errors have been corrected and the recommended improvements have been applied, we will receive the quality seal granted by these entities.
Risks
Non-compliance with security requirements is not as evident as non-compliance with quality requirements. In the case of the latter, any Outer Ring MMO user can detect and comment on them. Although a security hole can be detected “by accident”, it is common to discover them by looking for them through malicious or unusual use of the application or by applying hacking techniques.
When should an audit be performed?
In the case of Outer Ring MMO we had it very clear, it is better to perform several audits of each piece that makes up the Outer Ring MMO ecosystem than to perform only one when it is completely finished.
Thus, each Outer Ring MMO contract will be audited and tested intensively before its release on the mainnet. We have started with the Galactic Quadrant, but this audit will be followed by the audit of Exocredits, the different minerals that will exist in the game and we are also preparing the audits for staking.
At NexxyoLabs we believe that all software development must be managed to resolve potential vulnerabilities and assess risks, and that is why we have decided to audit the entire project before launching it. This practice is part of the security management standards implemented by NexxyoLabs for all its developments.
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