In the fast-moving world of decentralized finance (DeFi), making sure smart contracts are secure and dependable is incredibly important. Hyperon Chain, a blockchain that works with Ethereum’s technology (EVM-compatible) and uses a Delegated Proof of Stake (DPoS) system, understood this need. They hired EtherAuthority to thoroughly check their main system smart contracts.
Audit Overview
The audit, which happened on December 3, 2022, looked closely at the essential contracts that handle important things on Hyperon Chain, like verifying transactions, staking, and dealing with rule violations. EtherAuthority used tools such as Slither, Solhint, and Remix IDE, along with carefully reviewing the code themselves, to get a complete picture of how secure the contracts were.
Principal Findings
- Security: The contracts were found to be “Secured,” meaning no major security problems were discovered.
- Issues Found: They did find one issue that was considered high-level and another that was low-level, as well as a few very minor points. Importantly, all of these issues were fixed in the updated code.
- Owner’s Power: The audit pointed out that some functions could only be controlled by the owner, which means the contracts aren’t completely decentralized.
These findings highlight how crucial it is for the contract owner to manage their keys securely and to stick to the planned strategy when using these owner-controlled functions.
In Conclusion
By taking the initiative to have their smart contracts audited, Hyperon Chain shows they care about being transparent and keeping their users safe. For people using DeFi, this kind of step helps build trust and provides reassurance.
You can read the full details of the audit in EtherAuthority’s official report: Hyperon-Chain-Smart Contract Audit
Security isn’t just smart—it’s essential. Lock in your protection with EtherAuthority today! Contact: contact@etherauthority.io
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