Question 1

Do you provide an audit report?

Accepted Answer

We provide a comprehensive internal audit report detailing the automated and manual testing performed. For contracts holding significant value, we strongly assist in facilitating a third-party external audit.

Question 2

What happens if a bug is found after launch?

Accepted Answer

If the contract is deployed using an Upgradeable Proxy pattern, the administrator (usually a Multi-Sig wallet controlled by you) can deploy a patched logic contract while preserving all user balances and states.

Question 3

Do I need a smart contract for my business?

Accepted Answer

Not every business needs a smart contract. They are highly beneficial if you require trustless, automated transactions—such as automated escrow, verifiable supply chain tracking, decentralized finance (DeFi), or issuing digital assets/tokens without a middleman.

Question 4

How do smart contracts reduce operational costs?

Accepted Answer

By eliminating intermediaries (like banks, brokers, or clearinghouses) and automating verification and execution processes, smart contracts drastically reduce manual paperwork, administrative delays, and intermediary fees.

Question 5

Are smart contracts legally binding?

Accepted Answer

The legal status of smart contracts varies by jurisdiction. While the code executes automatically regardless of the law, many regions are starting to recognize cryptographic signatures and smart contract agreements under electronic signature laws. You should always consult legal counsel.

Question 6

How fast are smart contract transactions executed?

Accepted Answer

Execution speed depends entirely on the underlying blockchain. On Ethereum, it might take 10-15 seconds. On faster Layer 2 solutions (like Arbitrum) or high-throughput chains (like Solana), execution and settlement happen in a fraction of a second.

Question 7

Can a smart contract control traditional bank accounts?

Accepted Answer

Directly? No. Smart contracts live on the blockchain and can only control on-chain assets. However, they can trigger APIs via Oracles that notify a traditional bank to initiate a fiat transfer, bridging the gap between Web3 and Web2 finance.

Question 8

What happens if there's a dispute over a smart contract execution?

Accepted Answer

Because code executes exactly as written, algorithmic disputes are rare. However, if external circumstances require mediation, decentralized arbitration protocols (like Kleros) can be integrated to resolve subjective disputes via a jury of token holders.

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