A Cross-chain Protocol with Security Scoring and decentralized chargebacks to securely build dApps and Blockchains.
- What is CertiK (CTK)?
- What’s hot about the 6th project on Binance Launchpool?
- Should you invest in the project?
This article will answer these questions in turn. And give you an overview from the general to the detailed about this project. So what are you waiting for, let’s start writing right now!
What is CertiK (CTK)?
CertiK is a secure, decentralized public blockchain that is interoperable and interoperable with other blockchain ecosystems.
Current information of CertiK
Blockchain: CertiK Chain
Token Standard: BEP-20
Initial supply: 22,100,000 CTK (22.10%)
Total supply: 100,000,000 CTK
What problems does CertiK solve?
Smart contracts are the essence of all DApp and Tokensales of Ethereum. They are essentially programs designed to automatically and independently execute a set of rules. And they are completely immutable once deployed on the blockchain – making smart contracts trustworthy and unique.
Since the blockchain field is relatively new, it lacks many security standards, documentation, or best practices. Currently there are smart contracts that are worth tens of millions of dollars and can be vulnerable to malicious code. There have been several large and small smart contract hacks that resulted in millions of USD in losses. Some of them are:
- Parity multi-signature wallet hack – Lost 150,000 ETH
- Parity freeze – 513,774 ETH
- DAO hack – 3.6 million ETH
To prevent these types of attacks and loss of cryptocurrencies, the CertiK platform aims to be an official verification platform for building fully trusted blockchain ecosystems and smart contracts.
They have developed modular verification techniques to split such a forbidden proof task into smaller ones that can be solved automatically in a decentralized “style”.
These proof objects can be built and encrypted in the transactions of the CertiK platform and then validated by other participants. Therefore, the blockchain of the CertiK platform is intended to act as a certificate to demonstrate the correctness and end-to-end security of verified smart contracts, libraries of decentralized applications (DApps) and the main implementation of the blockchain.
How does CertiK solve this problem? Specifically, please continue to read the content below!
How CertiK solves the problem
To address security, the CerTik platform has provided services such as:
Oracle Security (Security Oracle): Protect on-chain transactions and protect cryptocurrency projects from malicious attacks by conducting real-time security checks, powered by a network of developers. decentralized mining.
CertiKShield: Provides flexible, decentralized refunds for lost, stolen or inaccessible crypto assets of any blockchain network due to security issues. By leveraging Oracle’s Real-Time Security score and CertiK Chain’s governance system, a decentralized membership network can provide collateral, receive rewards, and vote on requests. Claims to protect the blockchain community.
DeepSEA: A secure programming language and compiler compatible with CertiK Chain’s virtual machines, along with Ethereum WebAssembly and Ant Financial’s AntChain.
CertiK Virtual Machine (CVM .)): Fully compatible with the Ethereum Virtual Machine (EVM), CVM allows users to access, test, and combine smart contracts and blockchain security information. This allows smart contracts to change their behavior based on the security certificates of other smart contracts. For example, a loan contract can only provide a loan to a DAO contract if it demonstrates provable security.
Information about CTK
CTK is the platform’s native utility token and is used in the following use cases:
Gas consumption: Gas consumption for smart contract operations;
Staking: Ensure network consensus;
Rewards: Rewards for joining the Oracle Security network;
Collateral and reimbursements: Mortgage and repayments for CertiKShield
Community voting: Community voting for decentralized network governance.
Currently on the market there are a number of similar projects such as Quantstamp, Zeppelin, Runtime Verification..
Partners of the project
Investors & Advisors
Currently CertiK is invested by big funds such as Binance Labs, FBG Capital, DHVC, NEO, Ontology, Fenbushi Capital, Bitmain Icon, QTUM, etc.
CertiK Token Allocation
Binance Launchpool: 1.50%
Private Sale 1: 29.00%
Private Sale 2: 9.00%
Community Pool: 17.50%
CertiKShield Pool: 8.00%
CTK token Release Schedule
Source: Binance Research
Currently the token is present on which exchange?
Currently, CTK Token has not been traded on any exchanges. But in the near future Binance will list CTK at 8:00 am on October 27, 2020 (UTC) and open trading for the trading pairs CTK/BTC, CTK/BNB, CTK/BUSD and CTK/USDT.
Media channel of the project
Should you invest in CertiK?
Through what GocTienAo shared above, along with my personal perspective, this is a good project that solves the existing security problem of Blockchain. You can consider whether to invest in this project or not!
The above article has provided you with an overview to the details of the CertiK project. Hope GocTienAo has given you useful information about the project. If you find it interesting, please share the article with your friends!
All investment statements above are personal. All investment decisions are made by you and you are responsible for your assets. Good luck!
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