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.
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