Hey fellow blockchain enthusiasts,
I've am keen to discuss smart contract security. Have you ever wondered, are we really looking at smart contract audit cost the right way?
Well, a thorough smart contract audit can set you back anywhere from $5K to $50K+, depending on complexity. But let's put that into perspective. The average DeFi hack in 2023? A whopping $20 million.
It's like comparing the cost of a home security system to the value of everything you own. Suddenly, that audit fee doesn't seem so steep, does it?
It's not just about the money. A hack can destroy user trust, tank your token price, and potentially kill your project altogether. Can you really put a price on that?
So, I'm curious, how do you all approach this risk-reward calculation? Are audits non-negotiable, or do you have other strategies for managing smart contract risk? Remember, prevention is always cheaper than cure in the world of blockchain security. Let's discuss!