What is the point of verifying our contract on Etherscan?

[mountriv99]

Hi, this may be a silly question, but since everyone can deploy a contract and then verify his/her own contract on etherscan, I don't understand the point of doing it. What benefits does it give over non-verified contracts?

Thanks

[pacelliv]

Hello @mountriv99, the importance is that by verifying your contract you provide transparency and share the intentions of your contract. E.g. if you intent to provide a service (handling funds) or make a token is a lot easier to trust a verified contract because we can read its content and check what it does.

If you don't verify your contract we only get the bytcode, which is the non human readable version of the contract and it's complex to translate.

[mountriv99]

Ah, understood, thank you!!

So potentially we would need to verify our contracts on other blockchain explorers as well?

[pacelliv]

Yes.

[mountriv99]

Understood, thanks