OpenZeppelin Completes Audit of State Transition Contracts in ZK Stack Codebase
2024-06-09
Bittime - OpenZeppelin has completed an audit of the State Transition contracts in the zkSync ZK Stack codebase. Based on a report released on Sunday (09/06), this audit found a total of 19 problems.
The 19 issues consist of 2 issues with medium severity, 6 issues with low severity, and 11 comments and additional information. To date, 18 of the 19 problems have been successfully resolved, while 1 other problem is still in the process of being partially resolved.
What is OpenZeppelin?
OpenZeppelin is a company focused on developing security software and services for the blockchain ecosystem. They offer a variety of products and services including an open-source smart contract library used by thousands of blockchain projects.
OpenZeppelin is widely recognized for its contribution to ensuring smart contract security through rigorous auditing and providing advanced security tools.
OpenZeppelin's reputation in the industry is beyond doubt, with many large projects entrusting their security to the company.
Significance Audit by OpenZeppelin

As the leading security agency in the blockchain world, OpenZeppelin has built a strong reputation for ensuring the integrity and security of crypto projects.
The audits they perform include in-depth analysis of code and systems to identify potential vulnerabilities that could be exploited by hackers.
In the case of the zkSync ZK Stack, this audit is especially important given the increasing adoption of zero-knowledge (ZK) technology in various blockchain applications.
Problem Findings and Solutions Offered
An audit of the State Transition contract discovered two issues of moderate severity, which could potentially have significant impact if exploited. In addition, there are six problems with a low severity level that are also receiving attention.
The comments and additional information provided assists the developer in understanding and fixing smaller potential weaknesses or provides general guidance for further improvements.
It is important to note that of the 19 issues discovered, 18 have been completely resolved. One remaining issue remains in the process of being partially fixed, demonstrating the strong commitment of the zkSync development team to improving the security and reliability of their platform.
Reaction from the Blockchain Community
This news was welcomed positively by the blockchain community, considering the importance of security audits in maintaining trust and stability in the crypto ecosystem. This audit process also shows the transparency of zkSync and the seriousness with which they take security.
The steps taken by OpenZeppelin and zkSync could be an example for other blockchain projects in terms of handling security and responsibility towards users.
As one of the major players in ZK technology, zkSync continues to gain attention and trust from the community, especially with their openness in resolving identified issues.
Future Prospects of ZK Technology

Zero-knowledge (ZK) technology itself is one of the most important innovations in blockchain, enabling data verification without disclosing sensitive information. zkSync uses this technology to improve the scalability and efficiency of transactions on the Ethereum blockchain.
This audit is also in line with broader efforts within the blockchain community to improve security standards. As more and more projects adopt ZK technology, the need for rigorous and thorough audits becomes increasingly important.
Conclusion
OpenZeppelin's success in completing an audit of the State Transition contracts in the zkSync ZK Stack codebase represents a significant step forward in ensuring the security and reliability of blockchain technology.
With most of the issues resolved and the rest in the process of being fixed, the community can have more confidence in using the zkSync platform.
The move also underscores the importance of independent security audits in the crypto industry, helping to minimize risks and protect users from potential threats. As pioneers in blockchain security, the collaboration by OpenZeppelin and zkSync sets a positive example for the entire crypto ecosystem.
How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.
For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
.png)
