Backters Protocol Smart Contract Audit: A Step Toward Safer Blockchain Solutions
As decentralized finance (DeFi) continues to grow and transform, ensuring security remains critical. The Backters Protocol, a project built on the Polygon blockchain, recently underwent a comprehensive smart contract audit conducted by EtherAuthority—an established name in blockchain security. This audit is a significant milestone for the project, reinforcing its commitment to transparency and user safety.
What Is Backters Protocol?
Backters Protocol revolves around the USDBK777 token, an ERC777-compliant asset that also integrates ERC20 standards. The token’s smart contract includes advanced features such as destroy, send, burn, batchTransfer, and operator management. These functionalities are designed to enhance flexibility and control, especially for enterprise-level blockchain applications.
The Audit Process
EtherAuthority’s audit combined both manual code reviews and automated tools like Slither, Solhint, and Remix IDE. The goal was to identify any potential vulnerabilities, ensure the correctness of the contract’s logic, and assess its overall security posture.
The audit revealed:
- 0 Critical Issues
- 0 High-Risk Issues
- 1 Medium-Risk Issue
- 2 Low-Risk Issues
- Several Informational Observations
Importantly, all identified issues were either resolved or acknowledged by the Backters development team in the revised contract version.
Key Takeaways
- Security Status: The smart contracts were rated as “Secured”, indicating a strong level of safety for users and investors.
- Owner Control: While the contracts are secure, they do include owner privileges, which means they are not fully decentralized.
- Audit Scope: The audit excluded OpenZeppelin libraries, as these are widely trusted and community-audited.
For users and investors, a successful audit like this builds confidence. It shows that the Backters team is proactive about security and willing to invest in third-party verification. In a space where exploits and hacks are all too common, this kind of diligence sets a project apart.
Final Thoughts: The Backters Protocol audit is a positive signal for anyone considering involvement with the platform. With a clean bill of health from EtherAuthority, the project is well-positioned to grow in the DeFi ecosystem.
When threats strike, will you be ready? Protect your community before it’s too late—email contact@etherauthority.io
Audit Report in PDF: Backters Protocol Smart Contracts Security Audit-Report
Discover more: Twitter | Website | GitHub | Telegram | Facebook | YouTube | Fiverr
