QuillAudits has officially announced the successful completion of the smart contract security audit for Spherium Smart contract. A meticulous and professional security audit was conducted, which checked & ensured the following imperative points:
— The overall quality of code.
— Use of best practices.
— Code documentation and comments match logic and expected behavior.
— Token distribution and calculations are as per the intended behave mentioned in the whitepaper.
— Efficient use of gas.
— Code is safe from re-entrancy and other vulnerabilities.
The audit rigorously checked for any signs of vulnerabilities like Re-entrancy, Timestamp Dependence, Gas Limit, and Loops, DoS with Block Gas Limit, Unchecked external call, Unchecked math, Unsafe type inference, etc., as the contract went through Structural, Static and Dynamic analysis as well as methodical Code Review.
Spherium offers a complete suite of financial services comprising a universal wallet, token swap platform, money markets, and interblockchain liquidity transfer. Spherium will function as a global financial service provider, extending fundamental financial services to the unbanked.
Audit Report Summary
Overall, the smart contract code is extremely well documented, follows a high-quality software development standard, contains many utilities and automation scripts to support continuous deployment / testing / integration, and does NOT contain any obvious exploitation vectors that QuillAudits was able to leverage within the timeframe of testing allotted. Overall, the smart contracts adhered to ERC20 guidelines. No critical or major vulnerabilities were found in the audit. Several issues of medium severity and low severity were found and reported during the audit.
The outcome of this security audit is satisfactory; due to time and resource constraints, only testing and verification of essential properties were performed to achieve objectives and deliverables set in the scope. QuillAudits recommends performing further testing to validate extended safety and correctness in context to the whole set of contracts.
The entire audit report with in-depth details about the contract code and its vulnerabilities can be found here — https://github.com/Quillhash/Audit_Reports/blob/master/Spherium%20Smart%20Contract%20Audit%20Report%20-%20QuillAudits.pdf
QuillAudits is a secure smart contract audits platform designed by QuillHash Technologies. It is an auditing platform that rigorously analyzes and verifies smart contracts to check for security vulnerabilities through effective manual review with static and dynamic analysis tools, gas analyzers, and simulators. Moreover, the audit process also includes extensive unit testing as well as structural analysis. We conduct both smart contract audits and penetration tests to find potential security vulnerabilities which might harm the platform’s integrity.
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