A Crowdsourced Audit involves distributing the task of security assessment for a blockchain protocol or smart contract among a large, often decentralized, group of individuals. Participants typically search for vulnerabilities, bugs, or logical flaws in exchange for bounties or recognition. This method leverages collective intelligence to identify potential weaknesses that might be overlooked by smaller, conventional audit teams. It aims to bolster the security posture of digital asset systems.
Context
Crowdsourced Audits are increasingly prevalent in the blockchain space as a means to enhance the security of new protocols and smart contracts before deployment. This approach offers a broad scope of scrutiny, potentially uncovering more obscure vulnerabilities due to the diverse expertise of contributors. A key discussion point involves balancing the speed of such audits with the thoroughness required for critical infrastructure, influencing public perception of a project’s robustness.
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