Singapore, August 8th,2024 – Coinscribble by Coinbound / SolidProof.io Conducts Thorough Smart Contract Security Assessment for BYD
SolidProof.io, a leading provider of blockchain security audits and KYC verification, has successfully completed a comprehensive security assessment of the BYD (Build Your Dreams) smart contract. This audit marks a significant step forward in ensuring the safety and reliability of BYD, a unique and community-driven meme coin project.
Project Overview:
BYD aims to redefine the meme coin space with a light-hearted and community-centric approach, bringing fun and engagement akin to a panda’s dance moves. The project is built on the ARBISCAN blockchain and leverages Solidity as its programming language. The smart contract code can be reviewed on ARBISCAN at [this link].
Audit Summary:
SolidProof.io’s audit involved both automated and manual security testing, ensuring a thorough evaluation of potential vulnerabilities and risks. The assessment covered various aspects, including:
– Ownership Privileges:
The audit confirmed that the owner retains significant control over the contract, including minting tokens, which is capped at a maximum total supply of 2,000,000,000,000 tokens. The owner cannot burn tokens or blacklist addresses, ensuring a fair and transparent ecosystem.
– Security and Centralization:
No critical, high, or medium-level vulnerabilities were identified. The audit highlighted some areas for potential improvement, such as implementing multi-signature wallets and timelocks to enhance security practices and reduce centralization risks.
Methodology:
SolidProof.io’s audit process involved a meticulous review of the smart contract’s code, specifications, and functionality. The team employed both manual and automated testing techniques, including symbolic execution and best practice reviews, to identify and document any potential issues. The comprehensive audit resulted in actionable recommendations to improve the overall security and efficiency of the smart contract.
Audit Results:
– Critical Issues: None
– High Issues: None
– Medium Issues: None
– Low Issues: None
– Informational Issues: One (NatSpec documentation missing)
SolidProof.io commends the BYD team for their proactive approach to security and their commitment to maintaining a secure and robust smart contract. The successful completion of this audit provides added assurance to the BYD community and potential investors regarding the project’s security and reliability.
About SolidProof.io:
SolidProof.io is a brand of FutureVisions Deutschland, based in Germany, specializing in blockchain security, smart contract audits, and KYC verification. Our mission is to help projects enhance their code quality and security, reducing the high level of risk associated with blockchain technology and cryptographic assets.
Contact Information:
– Website: [SolidProof.io]
– Twitter: [@solidproof_io]
For more information about BYD and the audit, please visit [BYD’s Website] and [ARBISCAN]
This press release provides an overview of the audit conducted by SolidProof.io for BYD, ensuring transparency and confidence in the project’s security measures.
