Definition ∞ Decentralized Auditing refers to the process of verifying the operations, code, or financial statements of a system using a distributed network of independent participants rather than a single central authority. This method enhances transparency and reduces reliance on a sole auditor, distributing trust across multiple entities. It often involves cryptographic proofs and community consensus for validation.
Context ∞ The demand for increased transparency and security in decentralized finance and other blockchain applications has brought decentralized auditing into prominence. News frequently discusses how such auditing can bolster confidence in smart contracts and protocol integrity, contrasting it with traditional, centralized auditing models. The development of automated and community-driven auditing frameworks represents a key area of ongoing innovation within the crypto space.
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