How Long Did the Shib Audit Take?254

Shiba Inu (SHIB) is a decentralized cryptocurrency that was created in August 2020 by an anonymous person or group of people known as "Ryoshi." SHIB quickly gained popularity due to its low price and its association with the popular Dogecoin (DOGE) cryptocurrency. However, there were also concerns about the security of SHIB, as it had not been audited by a reputable third-party firm.

In response to these concerns, the SHIB team announced in May 2021 that they had hired CertiK, a leading blockchain security firm, to conduct an audit of the SHIB smart contract. The audit was completed in June 2021 and found no major security issues. This gave investors more confidence in the security of SHIB and helped to boost its price.

How Long Did the Audit Take?

The CertiK audit of the SHIB smart contract took approximately one month to complete. This is a relatively short period of time for a security audit of a complex smart contract. However, it is important to note that the SHIB team had already done a significant amount of work to prepare for the audit. This included writing detailed documentation of the smart contract and providing CertiK with access to all of the relevant code.

What Did the Audit Find?

The CertiK audit found no major security issues with the SHIB smart contract. However, it did identify a few minor issues that could be improved. These issues were related to the way that the smart contract handled gas fees and the way that it interacted with other smart contracts. The SHIB team has since fixed these issues.

What Does This Mean for Investors?

The successful completion of the CertiK audit is a positive sign for SHIB investors. It shows that the SHIB team is committed to the security of the project and that they are willing to take the necessary steps to protect investors' funds. The audit also gives investors more confidence in the long-term viability of SHIB.

Conclusion

The CertiK audit of the SHIB smart contract was a significant milestone for the project. It gave investors more confidence in the security of SHIB and helped to boost its price. The audit also showed that the SHIB team is committed to the long-term viability of the project.

2024-11-20

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