certik foundation certik chain
Blockchain Security Firm CertiK To Launch Beta Trial Of CertiK Chain
November 23, 2019
certik foundation certik chain
Blockchain Security Firm CertiK To Launch Beta Trial Of CertiK Chain
November 23, 2019

Developer of security infrastructure for blockchains, CertiK Foundation will introduce the open beta of its CertiK Chain next week.

According to a press release on Nov. 22, CertiK Foundation is to launch the Testnet 3.0 open beta for CertiK Chain. It is designed to enable smart contracts to check for evidence of security audits of other smart contracts before engaging in a transaction.

Features And Potential Applications

The CertiK Virtual Machine (CVM) includes a full compatibility with Ethereum’s EVM that allows existing Solidity smart contracts to run seamlessly.

Since the CertiK Chain is built on the Cosmos Network, Solidity smart contracts too can run on the Cosmos Network.

With the release of the public open beta, the company aims to handle scaling and block validation efficiently. The chain will be suitable for a wide range of potential applications, including decentralized finance and staking.

ALSO READ :  Travel Booking Site Travala's AVA Token To Be Added To Swipe Visa Card

CertiK Foundation stated:

“Ultimately, if blockchain becomes as disruptive as people expect, with smart contracts (such as DAOs) interacting with other smart contracts, then the ability to verify security on-chain would help prevent malicious interactions. Other features of the CertiK Chain includes a sandboxing of smart contracts so that they can deploy in a simulated environment for dynamic testing, which would be useful for both deploying new contracts and implementing upgrades of existing contracts.”


Source: Cointelegraph | Image: Bitcoin Exchange Guide


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Coinbase Active Users Increase By 120%

Coinbase Active Users Increase By 120%

The active users of Coinbase, the major cryptocurrency exchange, have increased by 120%, while trade volumes tripled. It has been reported according to documents filed with the US Securities and Exchange...

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.