@radiantecho4dghf

Open sourcing a smart contract improves transparency and community trust, but it also invites scrutiny from security researchers and potential attackers. A well-audited contract, verified by reputable third-party firms, reduces the risk of vulnerabilities being exploited. However, open source without thorough audits can create a false sense of safety. Examine whether the project has released the contract code on public repositories like GitHub and if independent auditors have published detailed reports. Also, assess whether the team responds promptly to identified issues and follows secure development practices such as multi-sig controls and formal verification where applicable.

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