Blockchains enable users to record transactions without getting altered. Ensuring security is essential to prevent the network from being attacked by hackers, there lies the service of Hashlock, the world’s leading blockchain security and smart contract auditing company based in Australia. The platform offers understandable context and risk information to its developers and community by evaluating code vulnerabilities, project context, risk assessment, and industry standards. In this article, we’ll provide you with information on Hashlock including its features.
What Is Hashlock?
Hashlock is an Australian blockchain security company that offers security and smart contract auditing services to its clients. The platform owns clients and partners who are at the forefront of the blockchain and web3 industries, including Polyhedra, Cellframe, Network3, Polygon, Starknet, etc. In addition, Hashlock is partnered with industry leaders in academic institutions, developers, exchanges, forensics, industry bodies, media, payments, security, staking, and venture capital and funding.
By fully examining the existing smart contracts, the Hashlock detects bugs and vulnerabilities, formalizes the issues in a report, and fixes them directly.
Why Hashlock Is Gaining Popularity?
Blockchains are of great utility, however, security flaws and bugs can sometimes be exploited by hackers hindering their potential. By evaluating the code, identifying bugs, and detecting security deficiencies, before the smart contract is deployed on the blockchain, developers can prevent attacks from malicious actors, there comes the importance of Hashlock.
Hashlock audits smart contracts, ensuring the security and reliability of blockchain applications to protect them from unauthorized access, financial losses, and security infringements. Adhering to a protocol that prioritizes security, Hashlock’s audits enhance users’ confidence, making it a trusted platform for smart contract audits. It also offers different types of audits including RWA web3 security audits, Rust smart contract audits, Bridge audits, Bitcoin audits, Tokenomics audits, etc, adding to their popularity.
Key Features Of Hashlock
Hashlock’s unique features make it a standalone platform, giving stiff competition to its industry rivals. The key features include,
1. Manual Auditing
Hashlock manually audits the smart contracts, enabling the auditor to detect security threats and adapt to the latest security standards, ensuring a complete evaluation. The platform’s evaluation and customized approach provide users with a trusted audit that an automated tool can’t match. However, the audit is time-consuming and costly.
2. Tailored Service
Unlike auditing firms that utilze tools for auditing, Hashlock evaluates the client’s needs and requirements to provide a tailored experience. Knowing the client’s priorities, the platform offers customized services rather than focusing on short backtracking times.
3. Detect And Fix Vulnerabilities
Hashlock evaluates the smart contract codes thoroughly and makes necessary changes if any vulnerabilities are found, highlighting the platform’s capability to detect vulnerabilities and fix them instantly.
4. Ongoing Support
In addition to smart contract audits, the platform offers ongoing support activities, including pre-launch consulting, auditing, testing, post-launch monitoring, nug bounties, incident response, etc.
Steps Involved In Hashlolck’s Auditing Process
Hashlock’s smart contract auditing process involves various steps, offering bug bounty portfolios to each relevant project.
Step 1: Initial Consultation
This is the preliminary step in auditing, where the platform engages the client to learn about their blockchain applications and specific requirements.
Step 2: Project Scoping
Hashlock works with the client and determines the scope and timeline for the smart contract audit. It will then assign the leading industry auditors to work on the project. The auditors chosen are mainly from auditing competitions and bug bounty platforms and have renowned experience in auditing.
Step 3: Preliminary Report
Hashlock encloses its findings in a private report, which contains all the vulnerabilities detected and ways to fix them. It identifies vulnerabilities of different levels, including low, medium, and high.
Step 4: Revision Stage
Hashlock re-audits the codes to ensure all findings have been resolved and also assures no new vulnerabilities are detected.
Step 5: Final Audit Report
Once all vulnerabilities are identified and mitigated, Hashlock makes the final report public at the client’s discretion, ensuring the project is secured.
Step 6: Promotion and Verification
Hashlock promotes audits on leading digital platforms, ensuring the project is secure. This helps the project to gain more users and establish a long-term benefit.
Step 7: Ongoing Services
The platform also offers security services to the projects such as on-chain monitoring, bug bounty management, ungradable security, and more.
Who Can Use Hashlock?
Hashlock is a smart contract auditing firm that offers services to blockchain developers and dApp projects. The platform’s service can be used by projects in its pre-launch stage, ensuring security to their smart contracts before getting launched. Also, projects which already been launched and have active smart contracts managing funds can use Hashlokc services, enhancing the project’s trust and thereby attracting more users. By making use of Hashlock smart contract audits, large-scale projects can ensure a high level of security.
However, small enterprises having simple tokens or small NFT collections looking for rapid audits are not suitable for Hashlock auditing, as it involves a long and comprehensive procedure that takes time. Also, projects with incomplete codes or that are in their development stage are less qualified for Hashlock audits.
Bottom Line
Hashlock audits smart contracts, ensuring they are secure and ready to be deployed on the blockchain. After going through different stages of auditing, the platform identifies and mitigates vulnerabilities, enhancing the project’s security. In the ever-changing realm of blockchain, where hackers find loopholes to break the security, it is important to adapt to the latest security features, making Hashlock a go-to auditing platform for large-scale projects.
