February 1, 2024

When Audits Go Head-to-Head: How Case Studies Reveal the Most Effective Methodology

When it comes to the blockchain, securing trust requires bulletproof auditing. But how can teams determine which provider delivers truly rigorous security reviews?

When it comes to the blockchain, securing trust requires bulletproof auditing. But how can teams determine which provider delivers truly rigorous security reviews?

The answer lies in examining audits head-to-head on identical codebases.

Case studies reveal superior methodology by comparing issue detection rates, severity breakdowns, and efficiency metrics on the same contracts.

We analyzed several parallel audits from some of the industry's most relied-upon firms to showcase the effectiveness of Sherlock's crowdsourced security contests. 

The data highlights substantial outperformance across key metrics:

  • 3X more issues detected on average
  • Significantly more high/critical severity vulnerabilities were identified
  • Faster delivery of more actionable results
  • Flaws missed by individual auditors caught through collective expertise

 

One case study pitted Sherlock against Halborn auditing Tokemak. Despite reviewing identical code, Sherlock uncovered over 3X more issues in nearly half the time.

Sherlock also delivered pragmatic severity classifications, avoiding exaggerations.

Another case study compared Sherlock's audit of Index Coop to ABDK's. Sherlock identified nine issues, including two high-severity risks related to the potential loss of funds. ABDK classified comment issues as "major" flaws, distorting severity.

These real-world results demonstrate how crowdsourced audits drive superior coverage, efficiency, accuracy, and collective intelligence. When put to the test, Sherlock's methodology systematically outperforms traditional single-firm audits.

Ready to See the Proof?

Refrain from settling for partial security. Get in touch with Sherlock today to evaluate the auditing metrics for yourself.

Let the data explain why Sherlock offers unparalleled rigour for securing your protocol. The stakes are higher than ever - ensure your audit provides complete protection.