Ethereum

Blockchain Security Firm CertiK to Launch Beta for Smart Contracts-Focused Chain

The CertiK Foundation, a company that develops safety infrastructure for blockchains, will introduce the open beta of its CertiK Chain subsequent week.

Per a press launch shared with Cointelegraph on Nov. 22, CertiK Foundation is about to launch the Testnet 3.zero open beta for CertiK Chain designed to allow good contracts to test for proof of safety audits of different good contracts earlier than participating in a transaction.

The CertiK Virtual Machine (CVM) contains full compatibility with Ethereum’s EVM, which permits present Solidity good contracts to run seamlessly. Since the CertiK Chain is constructed on the Cosmos Network, it additionally makes it potential for Solidity good contracts to run on the Cosmos Network.

The launch and potential purposes

With the discharge of the general public open beta, the corporate goals to deal with scaling and block validation effectively. The CertiK Foundation advised Cointelegraph that the chain shall be appropriate for a variety of potential purposes, together with areas similar to decentralized finance and staking.

The firm defined {that a} consumer can test for proof on-chain of a safety audit previous to sending cryptocurrency to get locked in a staking contract. Based on the consequence, a consumer might select to ship quantities in smaller batches. CertiK Foundation acknowledged:

“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.”

Additional security measures

In forthcoming releases, the group is planning to incorporate further security measures in an effort to stop malicious interactions with the remainder of the blockchain. The CertiK Chain will run on CertiKOS – “the world’s only fully certified, concurrent OS kernel and hypervisor” – and allow the CVM to run good contracts developed within the programming language DeepSEA.

The CertiK Foundation launched its native CertiK Chain blockchain in late July following an funding from Binance Labs in 2019. At the time, the corporate mentioned that good contracts on CertiK Chain will be developed within the practical programming language DeepSEA, which reportedly ensures safety by the use of the code.

As beforehand reported, the Ethereum Foundation offered the DeepSEA challenge with funding in March. Open supply blockchain challenge Qtum additionally offered DeepSEA with $400,000 in funding again in December.

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