Fear not! There are no ghosts or ghouls in our October roundup, the most terrifying monsters we uncover here at CertiK are security bugs across the blockchain ecosystem, which we continue to identify and squish.
What a month it’s been at CertiK, we’ve released some incredible announcements, many of which we’ll be taking a look at here.
We’re thrilled to be reviewing our release of the CertiK White Paper, our hugely anticipated Mainnet launch, and the launch of CTK on Binance Launchpool.
Oh, and as if that wasn’t enough, there are a number of other achievements we’ll be diving into. Read on!
On the 24th of October at 10:24 AM the future of blockchain security was transformed with the Mainnet launch of CertiK Chain.
CertiK Chain is designed to be the infrastructure of provable trust, for all stakeholders in the blockchain world. Designed from the ground up with blockchain security in mind, CertiK Chain is a delegated proof-of-stake (dPoS) blockchain that prioritizes speed, security, and cross-chain compatibility.
With interoperability at its core, CertiK Chain is able to be utilized with existing blockchains and smart contract platforms in order to deliver deep technical integrations and collaborations with them for stronger security across the blockchain space.
More details can be found in our latest feature in Cointelegraph: https://cointelegraph.com/news/certik-releases-blockchain-with-real-time-smart-contract-auditing
October 16, 2020, marks the date on which the CertiK White Paper was published. Not only that, it marks something much greater; a huge leap toward our vision of provable trust for all across all facets of blockchain and the ecosystems which are built upon it.
Our White Paper details all aspects of the CertiK Chain ecosystem, and the applications and features which surround it.
We’ve banded together with Binance, one of the world’s largest cryptocurrency exchanges, to bring CTK into the hands of our community. Binance Launchpool participants were given the opportunity to start earning CTK, the native fuel of the CertiK Chain, even prior to the Mainnet launch.
Users can stake BNB, BUSD, and CTK in order to start earning CTK right away. This feature is live and ongoing right now!
So long as you have a Binance account and a BNB/BUSD/CTK balance, then you can fire up your harvesters and start farming CTK right away.
Why wait? Head over to Binance Launchpool and get started right away.
Not one for the fields? No problem, CTK is listed for trading on Binance with the following pairs: CTK/BTC, CTK/BNB, CTK/BUSD, and CTK/USDT.
With over $150M in total value locked, PancakeSwap is a Binance Smart Chain DEX that enables users to swap BEP20 (a token standard on the BSC) tokens freely. On top of that fundamental utility, PancakeSwap members can farm CAKE via staking.
Ultimately, PancakeSwap is a gateway to DeFi on Binance Smart Chain.
The CertiK Security Oracle retrieves a set of security scores from a decentralized network of security operators, who assess the reliability of source code and are rewarded in CTK, the native digital fuel of the CertiK Chain. The Security Oracle relays these assessments and combines them to create a real-time, on-chain aggregate score that can be used by anybody seeking to validate the security of the contract.
PancakeSwap has chosen to strengthen its DeFi security by integrating the CertiK Security Oracle into six smart contracts, enabling real-time and on-chain security scores as a reference by end-users. Those can be viewed here.
CertiK Security Oracle guards on-chain transactions and protects crypto projects from malicious attacks by conducting real-time security checks, powered by a decentralized network of operators. More information can be found here.
With an anonymous team behind PancakeSwap and the baseline potential for security risks in DeFi, our Security Oracle works to bring about provable trust in the protocol.
Here’s a video demonstrating how it works under the hood.
The team behind DeepSEA, the world’s most secure programming language, have continued to iterate and are proud to release DeepSEA v1.1.
There are two major improvements in this release. First, the WebAssembly backend is now complete, with all of DeepSEA’s language features supported. Second, the backend part of the compiler is now a stand-alone library that you can use in your own projects.
Don’t just audit, shield yourself and your community too!
CertiKShield is a decentralized, membership-based plan to provide reimbursements for lost or stolen assets. Available to projects and HODLers alike, CertiKShield serves to mitigate the impact of crypto which is lost or stolen through
All projects which take out a CertiKShield membership will start with a minimum of $100,000 of CTK coverage against crypto assets that are lost or stolen — you’ll simply pick the length of your membership.
All CertiKShield reimbursement plans start with $100,000 worth of CTK in coverage against crypto assets that are lost or stolen — you’ll simply pick the length of your membership.
CertiKShield is here for the HODLers among us, too. Take BNB for example, should you be a BNB holder and you wish to mitigate the impact of any security flaws surrounding it then it may be a wise decision to join a CertiKShield pool with terms specific to BNB to recoup the value of any lost assets should such an occurrence arise.
If you’re not looking to protect your assets or project just yet, but would still like to get involved, then you can provide collateral to a CertiKShield pool and earn CTK in the process.Collateral Providers provide their own crypto as collateral to be used to pay out any approved reimbursements, and in exchange, they collect a portion of the Service Fees each period.
A CertiKShield membership serves to provide peace of mind in case of the unexpected. Protection is available for anyone and everyone involved in the cryptosphere!
Projects and protocols, developers and designers, Romans and countrymen, a CertiKShield membership, and with it the protection of the value of your assets in case of the unthinkable, is just a click away.
You can check out more details, and get yourself or your project signed up, here.
October has truly been a knock-out month for everyone here at CertiK HQ, our community members, and, indeed, for blockchain security evangelists everywhere.
The progress we’ve made in October reaches much further than this, of course. With the release of our White Paper, the CertiK Chain, and its native fuel token, CTK, the future of blockchain security is shaping up to be a bright one.
Thirsty for more CertiK? Come along and join the CertiK Foundation community over on Telegram.