Solidproof Obtains Licenses for its Transformational Auto Audit Tool Solution

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Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Handewitt, Germany, 3rd March, 2022, Chainwire

Solidproof is proud to announce that they have secured licenses for their auto tool, which has the potential to take DeFi auditing to the next level. The tool’s beta version is available to dedicated parties who will help with testing and final development.

Dubbed the Solidproof Automated Audit Tool (SAAT), the newly-launched product seeks to speed up the audit process, allowing the firm to bring certainty to multiple blockchain projects. SAAT introduces advanced code analysis that is much more efficient at finding loopholes and inefficiencies than manual tests.

The auto tool can scrutinize complex smart contracts and flag serious vulnerabilities such as timestamp dependencies and DOS attacks that hackers can exploit. The solution is designed to run tests that simulate actual transactions to examine how the protocol reacts to different real-life scenarios. 

The Solidproof founders launched their DeFi security solution to secure billions in user funds locked in various DeFi protocols. Per a report from leading blockchain data platform Chainalysis, the sector is plagued with rug pulls and other scams that remain the biggest threat to trust in the crypto sphere.  

To protect DeFI investors from crypto-based crime that generated revenues close to record highs in 2021, Solidproof introduces unique audits and KYC procedures made in Germany. The firm’s solutions have helped secure 350+ protocols, building confidence in DeFi, the most profound financial revolution of the past decade. 

Solidproof’s security services fuse autonomous and manual audit tests with excellent KYC procedures to bolster the safety