Algorand Smart Contract Audit

Utilize Algorand’s speed and ImmuneByte’s high-quality smart contract audits to make your Web3 projects a grand success.

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algorand smart contract audit services

What are Algorand Smart Contracts?

Algorand came into the market intending to make blockchain accessible to everyone. Smart contracts on Algorand are written in a new stack-based programming language, TEAL (Transaction Execution Approval Language). The contracts can be written directly with TEAL or using Python using the PyTeal library. TEAL is a very specific programming language. It's an assembly language Algorand Virtual Machine (AVM) used and has been created solely for this purpose.

At ImmuneBytes, we're focused on auditing your application in an end-to-end secure manner so that no vulnerability is missed. If you want us to audit your application on the Algorand blockchain- don't hesitate to contact us!

Why Is It Important?

Algorand is a new blockchain in the Web3 and DeFi space, using a language never seen before. Thus, auditing an Algorand smart contract becomes vital! TEAL requires us to build an AST (Abstract Syntax Tree) before execution.

No More Loss of Funds

Vulnerabilities in Algorand smart contracts can result in massive losses of funds, both yours and your clients. With ImmuneBytes audits, you can rest assured that your assets are safe on the blockchain.

Code Optimization

Gas plays an important role in Algorand smart contracts. It becomes crucial to optimize the usage of gas in your source code. We not only reveal bugs but also offer recommendations for improving gas usage.

Build Trust

The stamp of an audit on your smart contracts attracts potential investors and clients. Smart contracts audited by ImmuneBytes have a lesser chance of getting exploited.

Crypto Exploiters Stole Away $3.8 Billion in 2022.
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Why Should You Undergo An Algorand Smart Contract Audit?

Algorand, being a nascent platform, intrigues the hackers to get exploited if a weakness is found in your project. Smart contract vulnerabilities allow hackers to get a backdoor entry into your system and destroy its working. As the Arbitrum ecosystem grows, so does the number of applications built on it. Thus, a security audit is crucial to make your project stand out and not get exploited.

$6B

Lost in Crypto Hacks So Far

$3.8B

Lost in 2022 Alone

82%

Hacks Targeted Defi Protocols

3x Damage

Lost funds + Lost trust + Lost market value

What Do We Offer?

Our blockchain experts extensively audit your smart contract code, find potential bugs and attack verticals. Don't risk getting hacker! Get an audit by ImmuneBytes' experts.

Extensive Audit Report

Our audit reports are comprehensive and document every measure taken during the audit process. We classify the vulnerabilities according to their severity levels and offer remediations and code optimizations.

Check For 100+ Vulnerabilities

We analyze a smart contract for over a hundred vulnerabilities. These include bugs that have been exploited and others that could be exploited in the future.

Smart Contract Fuzzing

We fuzz-test your smart contracts as an additional measure. Fuzzing a smart contract ensures that it will not behave unexpectedly against any given input, minimizing the risk of hacks.

Post Refactor Reaudits

Not just once, we audit your code twice! Once your developers review our audit report and make the recommended fixes, we again analyze your contract and prepare the final audit report.

Security Test Cases

Our auditors use frameworks like Foundry, HardHat and Truffle to write unit test cases other than the developers provided. We ensure to traverse every possible branch of execution in the source code.

Quick Turnaround Time

A dedicated team of auditors is assigned to your project, who usually take 3-10 days to complete an audit, depending on the code size. We are result-oriented and understand the gravity of deadlines.

In 2022, Ronin Network Lost $625 Million in an Exploit and Still Survived.
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FAQs

The world of Algorand is enormous. And so are the questions associated with them. Here, we list the top 5 most frequently asked questions on the Algorand Ecosystem.

smart contracts on Algorand are written in a new stack-based programming language, TEAL (Transaction Execution Approval Language). The contracts can be written directly with TEAL or using Python using the PyTeal library. TEAL is a very specific programming language. It's an assembly language Algorand Virtual Machine (AVM) used and has been created solely for this purpose.

Some of the best practices for Algorand smart contract development are staying aware of how the AVM works, updating the code with the latest rollouts of TEAL, paying attention to opcodes, avoiding using byte math and moving extensive calculations off-chain.

One of the biggest challenges faced during an Algorand smart contract audit is the need for automated analysis tools. TEAL being a platform-oriented language, is only limited to Algorand. Thus, auditors need to find more resources. Nevertheless, auditors at ImmuneBytes have done their research in TEAL and are proficient in auditing Algorand contracts.

Algorand was designed as a smart contract platform with scalability in mind. Building on Algorand substantially benefits businesses that want to scale their applications. Transactions can read finality in less than 5 seconds. Also, the gas fee is very low, approximately 0.0001.

The time taken to complete an audit usually takes 5-15 days to process the initial audit report, depending upon the nature of the project, the technology stack used, the size of your codebase, the complexity of the code, how tightly the code is integrated, the availability of auditors, etc. However, despite these factors, we take pride in meeting deadlines given by our clients and delivering satisfactory results.