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Is the Cryptocurrency Logarithmic Finance (LOG) the New Big Thing … – Analytics Insight

Is the Cryptocurrency Logarithmic Finance (LOG) the New Big Thing ….

Posted: Sat, 02 Apr 2022 07:00:00 GMT [source]

Major South Korean cryptocurrency exchange Coinone has also partnered with CertiK to audit projects and take preventative measure against code security exploits. While initially designed for the implementation of system software, DeepSEA’s developers later re-oriented toward its use for the formal verification and audit of smart contracts and blockchain protocols. Blockchain security firm CertiK has released a demo and language reference manual for its smart contract-focused DeepSEA programming language. Blockchain security firm CertiK has released a demo and language reference manual for its smart contract security-focused DeepSEA programming language. This project is affiliated with a high-risk Launchpad known as BoostX Finance.

Seesaw Protocol (SSW) Provides A Bridge To Ethereum (ETH) and Polygon (MATIC)

After a thorough assessment of BoostX-affiliated projects from CertiK auditors and investigators, we required the project team to undergo involuntary KYC, with which they did not comply. Due to the high-risk investigation findings, and lack of KYC cooperation from the project team, CertiK has terminated all ongoing audits and delisted BoostX-affiliated projects. These risks are tied to smart contracts’ self-executing and immutable character — as the “code is law” adage would have it — and Professor Gu has in the past made the case for DeepSEA by pointing to its earlier implementations in mission-critical hardware systems such as the NASA Mars Rover. Unless people have truly endowed their time into gaining knowledge of the mechanisms of cryptocurrency, it is likely that they will always have doubts. The one true example of this is Bitcoin; despite it being a household name in the crypto market, those outside of these markets view any form of cryptocurrency and its bionetworks as a con.

certik seesaw

Enrich people’s crypto experience through the promise of a fixed low fee of 3%, better rates and absolute transparency. It is also worth noting that the gap concerning Binance Smart Chain , Polygon , as well as Ethereum is anticipated to be connected by SSW in a bid to permit proprietors to allot tokens amongst the three prevalent blockchains. Disparate to the ledger technology that Ethereum has manufactured and the ecosystems that Binance Smart Chain and Polygon have established, Seesaw Protocol has built a new program premeditated to making brand trading as efficient and accessible between the three crypto titans. Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money. Its release comes ahead of the company’s forthcoming CertiK Chain Mainnet 1.0 launch in spring 2020, after its beta launch last November. The mainnet is fully interoperable with Ethereum — allowing existing Solidity smart contracts to run without friction — and the Cosmos network, and is intended for the use of multiple applications such as decentralized finance and staking.

Great Instruction Happens on Seesaw

Both CertiK and its affiliated R&D academic projects have received funding from the likes of Binance Labs, the Ethereum Foundation and Qtum. Admins mention that the seesaws team really provided a code that is currently under review. CertiK conducts security assessments on the provided source code exclusively. Conduct blockchain trends your own due diligence before deciding to use any info listed at this page. It enables artists to increase visibility, connect with audiences globally and earn money from their creative content. The platform unites creators and consumers, offering a seamless experience for both groups, as the project states.

certik seesaw

Seesaw Protocol is set to be embedded for audit by CertiK in which the process requires auditors to review evidence that corroborate proprietorship of the reserved key and evidence of the proper party to proof the transactions. A sample of transactions in the wallet will be promised back to the auxiliary credentials. In simple terms, this means that the audit of Seesaw Protocol is likely to be completed after its launch or once the presales have ended when the transactions come into fruition. This is because cryptocurrency holdings are taxed in the same way as any other assets people own such as stocks and property. Not only that but unlike its Ethereum and Bitcoin counterparts, Seesaw Protocol is not mineable meaning that the driven course of substantiation and accumulation of new transactions to the blockchain has been eliminated.

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