7.4. Nexspecto’s Security & Smart Contract Audits

The most important problem regarding user experience and security in Web3 applications is the large number of known and unknown vulnerabilities in smart contract-based applications.

The main reason for security-based problems is that Web3 technologies are still quite new and developing technologies.

The crypto assets, NFT marketplaces, and various other products based on blockchain & smart contract technology within the expansive realm of Nexspecto's innovative platform are set to undergo a steady & strict internal evaluations.

While the scalability of the platform is tested regularly with stress tests, bugs detected by bug bounty programs and regular internal controls will be patched and improved in terms of platform security. In addition, regular penetration tests will be carried out and support will be obtained from competent external service providers when needed.

The primary goal with these comprehensive evaluations is to unearth and discern any potential vulnerabilities that may inadvertently reside within these blockchain-based assets, applications and their associated smart contracts.

In the event that any vulnerabilities are ascertained, a prompt and expedient course of action will be initiated. The distinguished engineers and technologists at Nexspecto will expeditiously and deftly address these identified shortcomings, applying a series of strategic and robust patches that are meticulously tailored to reduce and rectify the vulnerabilities in question.

In addition to regular internal controls, audit reports will be obtained from the industry's most respected smart contract audit platforms at regular intervals and these reports will be shared with the Nexspecto community.

In particular, detailed internal and external audits will be made in every important upgrade made in Nexspecto's blockchain-based applications and technologies, and in new blockchain-based Nexspecto applications.