I agree… not sure how much something like that costs…
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Hey All.
I was seeking for the pros and cons of making a Community audit vs a External audit…
A community audit is key to ensuring the security and integrity of blockchain projects by leveraging transparency, decentralization, cost efficiency, and responsiveness. With an open process, discussions and contributions are accessible to all, preventing closed-door decisions and reducing conflicts of interest found in third-party audits. By preventing centralization of power, community audits ensure that no single entity can manipulate results, reinforcing legitimacy and resistance to external pressure. Additionally, they eliminate costly audit fees, making security accessible even for smaller projects through voluntary participation and bug bounty incentives. Finally, community-led audits provide continuous monitoring and faster updates, allowing protocols to evolve without waiting for external reviews.
However, the best-case scenario is combining both community audits and third-party audits to maximize security. While the community provides ongoing scrutiny and decentralization, third-party firms bring expertise, standardized methodologies, and accountability. External auditors can perform formal security assessments, identifying vulnerabilities that the community might overlook, while the community ensures transparency and long-term oversight. This hybrid approach leverages the strengths of both systems, making blockchain security more robust, credible, and resilient.
- I strongly agree that the funds of the “Community Reserve” should be transparent and detailled on the Sanctum website
I 
YOU
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Love the post. Community/team audit first and then a 3rd party audit later on. I think that’s the right way to move.
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A community audit sounds like a solid first step to reinforce transparency and alignment within Sanctum. It would set the tone for governance and help establish trust early on.
One thing to consider is defining the scope should it focus on token distribution, treasury management, or something broader? Either way, I’d support this as a way to strengthen the foundation before diving into more complex proposals.
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im actually curious now if this is the kind of idea/proposal to be thrown out there because ultimately we aren’t talking about allocating community funds for anything
it may or may not increase economic value, but we aren’t talking about spending community funds for anything (unless its to pay for a 3rd party audit)
and i think that’s something that has to be part of the proposal?
I might be completely wrong here lol - just thinking that if the community were to vote something, it’ll have to do with spending community funds + if it adds economic value to $CLOUD
No clue… tried to start a discussion…
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most proposals that go to a vote will do so because there is some use of the community treasury, but theres no reason why proposals such as this shouldn’t.
Its helpful in growing governance and transparacy
But really i can’t see anyone being against this one, so the team could just take it onboard and set something in place, my suggestion would either be for the anniversary of the TGE, or just prior to the launch of Season 2 if thats going to be before
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Totally agree, I dont know how can we push this community audit proposal into the next steps.
I hope we’ll soon see this proposal evolve !
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would be cool to see some team feedback on this one!
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I don’t think concerting an audit is for free. I mention this because people are very enthusiastic, but when spending money/tokens is mentioned, many back up.
Not against the proposal - all I’m saying is that we have to figure out along with the team is the timing’s right now, as well as determine how this would be expensed.
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With additional information now, not every proposal/vote needs to include spending from the community funds - but it does have to be a vote over something that we think will provide economic value to $cloud
An internal audit (IMO) wouldn’t cost anything money/token wise but would take time/effort from the team to perform
A 3rd party audit would def cost something
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go for it, I’ll vote yes no matter what
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