Veritas, an AI-powered tool for blockchain security and smart contract auditing, has set a new standard in automated auditing, achieving unprecedented accuracy, speed, and cost-effectiveness. Powered by the advanced Qwen2.5-Coder architecture, Veritas specializes in detecting vulnerabilities within Ethereum and other blockchain-based smart contracts. This development offers a transformative solution for developers, auditors, and organizations focused on blockchain security.
Performance Metrics Indicate Superior Accuracy and Cost Savings
Recent evaluations revealed Veritas’s exceptional capability in identifying critical security vulnerabilities with an F1 score of 96.87%. The AI system detects vulnerabilities such as reentrancy attacks, timestamp dependencies, and tx.origin misuse. Its efficiency rivals traditional static analysis tools and manual audits, completing contract audits approximately 14,535 times faster and at a cost reduction of over 11,000 times compared to manual audits.
Highlights of Veritas’s Evaluation:
- High Precision: With a precision rate of 94.90%, Veritas ensures a low false positive rate, reducing unnecessary security interventions.
- Exceptional Recall: Achieving a recall rate of 98.94%, the AI tool consistently identifies nearly all vulnerabilities within a smart contract.
- Speed and Cost Efficiency: Veritas completes an audit in under 30 minutes for $13.08, compared to the industry norm of several weeks and $150,000 for manual reviews.
Innovative Design Enhances Security Analysis
Veritas’s capabilities are built on three core components:
- Long-Context Analysis: The system processes smart contracts of up to 131,072 tokens in a single pass, essential for comprehensive audits of large-scale DeFi protocols.
- ERC Standard Compliance: Veritas is fine-tuned for Ethereum standards, enabling precise identification of ERC20, ERC721, and ERC1155 rule violations.
- Adaptive AI: Through a combination of supervised and reinforcement learning, Veritas remains responsive to new threats, learning continuously from emerging vulnerabilities in blockchain environments.
Unmatched Efficiency in Real-World Testing
In a comparative study, Veritas identified 279 ERC rule violations across multiple smart contracts with only 15 false positives, far outperforming existing tools. The model’s adaptive architecture allows it to audit entire ecosystems quickly, catching complex interdependencies and cross-contract vulnerabilities. This level of performance underscores Veritas’s role in streamlining smart contract security and reducing the financial and operational burdens of traditional auditing methods.
Empowering Blockchain Ecosystems
Veritas aims to fortify the blockchain ecosystem by providing a scalable, efficient, and precise security solution. The automated platform promises to reduce the time and resources required for blockchain audits, promoting trust and security in DeFi and broader blockchain applications.
For more information on Veritas and its smart contract auditing solutions, visit https://veritasprotocol.com/.
