Unaudited Code

Definition ∞ Unaudited code refers to software source code that has not undergone a formal security or functional review by independent experts. In the context of digital assets, this often applies to smart contracts or protocol logic before deployment. The absence of an audit introduces a higher risk of bugs, vulnerabilities, or unintended consequences. Such code presents increased potential for exploits and financial loss.
Context ∞ The prevalence of unaudited code in the digital asset space remains a significant concern, particularly for smart contracts and decentralized applications. News reports frequently highlight incidents where unverified code has led to substantial asset theft or protocol failures. Current discussions revolve around the importance of rigorous security audits and the challenges of ensuring code integrity before deployment. Future efforts will likely emphasize standardized auditing practices and enhanced developer accountability.