@serenefinesse

A smart contract that is open sourced and audited demonstrates commitment to transparency and security. Open sourcing allows the community to inspect and verify the code, while a professional audit ensures that vulnerabilities are identified and mitigated before deployment. Some projects also undergo multiple rounds of audits or continuous security monitoring. If a contract is closed-source, investors must rely entirely on the development team’s reputation. Always review the auditor’s credentials and check for follow-up reports to ensure any issues discovered were actually resolved.

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