An Audit refers to the process of formally verifying the validity and soundness of a smartcontract by an external professional entity.

Audits typically involve a detailed analysis of the system’s code, design, and implementation, as well as its security protocols and controls. The goal of a crypto audit is to identify any potential vulnerabilities or weaknesses in the system, and to provide recommendations for addressing them.

Crypto audits are typically performed by specialized firms or consultants with expertise in the field of blockchain technology and security. They are often conducted as part of a larger security assessment or regulatory compliance process.

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