The crypto and blockchain world is a trustless environment where transparency is key. With the help of the TON Verifier, it becomes easier to ensure the integrity of smart contracts on The Open Network. It represents a big milestone, although users still need to conduct further due diligence.
What Is The TON Verifier?
Building a smart contract on a blockchain ensures everyone can see and analyze the code. Moreover, those with enough technical know-how can perform more advanced actions, such as comparing the source code with on-chain bytecode and ensuring everything compiles correctly. Those steps are often a bridge too far for the average crypto enthusiast. It is also a time-consuming process, and there are better things to do with one’s time.
That verification process has become more manageable for those who use the TON blockchain. Orbs released the TON Verifier to publish verified source code for on-chain TON contracts. Verified source code is a crucial cog in establishing a trustless world. Users can assess the integrity and security of contracts, which is crucial when assets and financial balances are concerned.
With the new tool developed by Orbs, smart contract creators can upload their source codes. In addition, they can offer signed proof to ensure the on-chain contract is the same. Should the TON Verifier deem a match to be impossible, it will provide solutions to achieve the correct hash. More importantly, the new solution doesn’t require Orbs’ backend to run. Instead, all users can run the code locally to perform these actions.
The TON Verifier is a big step forward for smart contract accountability. On Ethereum, the verified source code resides on Etherscan, although users cannot export it. With Orbs’ new solution, there are no intermediaries to worry about. Instead, their approach leverages a multi-verifier source registry to achieve decentralization. Future versions of the tool will receive support for multi-verifier proofs and syncing verifications.
A Big Step But Not A Complete Solution
The launch of TON Verifier is a significant milestone for The Open Network. It also highlights the need for tools that prevent centralization or having to trust third parties in other ways. However, verifying source code for a smart contract doesn’t mean nothing can go wrong. The tool can analyze and compile the code, but it doesn’t gauge developer intent. If someone aims to put malicious code in the contract, it will not be “flagged” by the Verifier.
As such, all users must conduct further due diligence. Read the code carefully after running it through the TON Verifier to uncover any masked or misleading functions. Should users discover potentially malicious code, they can flag it to alert others about potential risks. It is always better to err on the side of caution and obtain clarification for anything that is out of place.