The main reasons for auditing smart contracts are:
Security: To identify vulnerabilities and bugs that could be exploited by malicious actors. This is crucial since smart contracts often handle significant financial transactions and sensitive data.
Performance Optimization: To ensure that the contract functions efficiently and effectively, minimizing the costs associated with its operation on the blockchain.
Compliance: To verify that the contract adheres to the legal and regulatory standards applicable to its use case.
Trust: Building trust among users and stakeholders by demonstrating the contract’s reliability and security.