GLOSSARY/Development

Formal Verification

The act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property.

Formal verification is the gold standard for high-stakes smart contracts. It involves creating a mathematical model of the system and using automated provers to exhaustively verify that the code behaves exactly as specified. This is essential for Fortune 500 companies deploying enterprise-grade blockchain infrastructure where a single bug can result in catastrophic financial loss.

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