Blockscout and SolidityScan by CredShield have announced a groundbreaking collaboration to elevate smart contract security within the blockchain ecosystem. While blockchains offer transparency and innovation, securing smart contracts and verifying code for vulnerabilities is crucial to maintain user trust, compliance, and the overall health of the ecosystem.
Blockscout is a user-friendly platform that allows users to deploy, verify, and interact with smart contracts across various blockchains. However, unvetted code can introduce security risks, leaving contracts susceptible to potential exploits. To address this challenge, SolidityScan, an AI-powered tool developed by CredShield, provides a free scanner for smart contracts. It analyzes code and identifies common vulnerabilities, raising awareness of potential risks for users.
SolidityScan integrates seamlessly with Blockscout, empowering developers to identify and rectify potential security issues early in the development cycle. The tool scans the code for vulnerabilities and weaknesses, using over 160+ vulnerability patterns to identify potential risks. It assigns a security score that is displayed as a shield icon within Blockscout for verified contracts, indicating the risk profile. Clicking the shield provides a comprehensive report with the vulnerability count, criticality levels, and an overall threat score.
Developers can deploy contracts on various testnets supported by SolidityScan to pinpoint and address vulnerabilities before going live on the mainnet. SolidityScan offers support for major blockchain mainnets and testnets, including Ethereum, Ethereum Classic, Arbitrum, Avalanche, Optimism, Polygon, and more.
It is important to note that while SolidityScan offers continuous security for Solidity developers, it is not a replacement for a comprehensive manual security audit. CredShield, the parent organization behind SolidityScan, provides a wide range of services and has conducted over 150 security audits for comprehensive end-to-end security assurance.
The collaboration between Blockscout and SolidityScan aims to enhance smart contract security, ensuring the trust and integrity of the blockchain ecosystem.
The collaboration between Blockscout and SolidityScan is aimed at enhancing smart contract security within the blockchain ecosystem. This is an important initiative considering the growing adoption of blockchains and the need to maintain trust and integrity in the ecosystem.
The industry in which these companies operate is the blockchain industry, which has seen significant growth in recent years. Blockchains offer transparency, immutability, and decentralization, making them ideal for various use cases such as financial transactions, supply chain management, and decentralized applications (DApps). As more organizations and individuals embrace blockchain technology, the security of smart contracts becomes a critical concern.
Market forecasts indicate a positive outlook for the blockchain industry. According to a report by MarketsandMarkets, the global blockchain market is projected to reach $39.7 billion by 2025, with a compound annual growth rate (CAGR) of 67.3% during the forecast period. The increasing adoption of blockchain technology across industries such as finance, healthcare, and logistics is driving this growth.
However, the industry also faces challenges regarding smart contract security. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. While they offer efficiency and automation, they can also be vulnerable to security breaches if not properly audited and validated. The presence of vulnerabilities in smart contract code can lead to financial losses, reputational damage, and compromise user trust.
To address these issues, the collaboration between Blockscout and SolidityScan offers a comprehensive solution. Blockscout provides a user-friendly platform for deploying and interacting with smart contracts, while SolidityScan offers a free scanner for identifying vulnerabilities in smart contract code. By integrating SolidityScan into Blockscout, developers can identify and rectify security issues early in the development cycle, bolstering the overall security of the blockchain ecosystem.
SolidityScan employs AI-powered technology to analyze code and identify common vulnerabilities. With over 160+ vulnerability patterns, it provides developers with valuable insights into potential risks. The tool assigns a security score, displayed as a shield icon within Blockscout, for verified contracts. Clicking on the shield icon provides a comprehensive report detailing the vulnerability count, criticality levels, and an overall threat score.
Developers can also utilize SolidityScan’s support for various testnets to identify and address vulnerabilities before deploying contracts on the mainnet. This ensures that contracts undergo thorough testing and security checks, minimizing the risk of exploits or breaches in live environments.
While SolidityScan offers continuous security for Solidity developers, it is important to note that it should not replace a comprehensive manual security audit. CredShield, the parent organization behind SolidityScan, offers a wide range of services and has conducted over 150 security audits to provide end-to-end security assurance.
In conclusion, the collaboration between Blockscout and SolidityScan is a significant step towards enhancing smart contract security in the blockchain industry. By offering tools and services that help identify vulnerabilities and raise awareness of potential risks, this collaboration contributes to maintaining the trust and integrity of the blockchain ecosystem.
Related Links:
– Blockscout
– SolidityScan
– CredShield
– Blockchain Market Forecast