Blockchain technology has occupied its leading rank amidst all cutting edge technologies. This made the crypto sector in a progressive way. A smart contract is a set of embedded lines of predefined code. It works automatically when the transaction between the two users is done. Smart Contracts are stored in the public served and it cannot be modified.

A smart contract audit is a review of the code as well as the functionality of the code in regard to the white paper and/or other documentation. It also includes the complete writing of a test suite from scratch to near-100% coverage, and manual verification of any math, with the token issuance mechanism being a very large portion of that.

The transactions are made with the help of a Private key, Public Key, and Smart Contract and happen through the smart contract are preceded by blockchain. Smart Contract does not involve any third-parties. The whole transaction and trade with one and one, hence this exchange is also called Peer-to-Peer (P2P) exchange.

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