Definition ∞ Formal protocol analysis applies rigorous mathematical and logical methods to verify the correctness, security, and properties of blockchain protocols or smart contracts. This process uses formal verification techniques to prove or disprove specific behaviors under all possible conditions. It aims to identify vulnerabilities and ensure the protocol functions as intended.
Context ∞ Formal protocol analysis is increasingly recognized as a critical step in the development and deployment of secure decentralized systems, particularly after high-profile exploits. While resource-intensive, its application provides a higher degree of assurance than traditional testing methods. News often features projects that have undergone or are undergoing formal verification to attest to their reliability and security.
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