Smart contract audit is a process of assessment on blockchain smart code contract to identify security vulnerabilities and poor coding practices, and come up with recommendations to remediate identified security weakness. The smart contract audit can be either static audit on contract code, or dynamic audit to run contract on public chain to identify security issues.

Source code audit, is actually white-box penetration test to test application’s security weakness at source code level; such assessment process involves both automatic tool scan and manual assessment. For newly developed application, it is highly recommended to conduct source code audit to eliminate security issues from root before this application is launched.