CertiK Crypto Security Project Set to Launch Beta for Smart Contracts Certik Chain

The organization developing blockchain security infrastructure CertiK Foundation is preparing to launch its beta CertiK Chain.

CertiK Foundation wants to launch next week the Testnet 3.0 for CertiK Chain, which will make it possible for smart contracts to check the other contracts’ security audits before making a transaction. The CertiK Virtual Machine (CVM) is fully compatible with Ethereum’s EVM. EVM allows the seamless running of Solidity smart contracts. Developed on the Cosmos Network, CertiK Chain will have Solidity Smart contracts running in the Cosmos Network.

Scaling and Block Validation Handled More Efficiently

With the initiative of releasing the open beta to the public, CertiK wants to make block validation and scaling more efficient. Certik Chain is going to be compatible with many applications, including the ones for staking and decentralized finance. The company also said a user can look for on-chain evidence on security audit before sending cryptocurrency to be locked in any staking contract. According to the results, the user can choose to send smaller batches of cryptocurrency. This is what CertiK had to say:

“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.”

More Security Features to be Released

In the releases following the launch, CertiK wants to include other security features meant to prevent a malicious interaction with the blockchain. Certik Chain is going to operate on the certified CertiKOS hypervisor and kernel, enabling the CVM to run any smart contract that has been developed in the DeepSEA programming language.

Native CertiK Chain Launched Earlier in Julu

The CertiK Foundation has launched the native CertiK Chain earlier this year, in late July, after Binance Labs made an investment in 2018. During that time, the organization said smart contracts can be developed with the same DeepSEA programming language because it is the most secure when it comes to the code. Ethereum Foundation has funded DeepSEA in March this year, not to mention Qtum also provided $400,000 in funds for it in December last year.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide