Tag: Defi protocols
Shiba Inu ($SHIB) and Terra ($LUNA) Listed on Trading and Payments App With 4.5 Million Users
Solidproof Partners with FOMODEX to Empower DeFi Users in Avoiding Scams
The two platforms work together to create posts that inform the crypto community on ways to maintain anonymity while trading, purchasing, and investing in digital assets. The content also informs users on the importance of vetting pre-sales to ensure they don't invest in phony tokens or lose money to rug pulls.
The educational platform also focuses on the importance of efficient smart contract audits for DeFi projects to eliminate bugs and other security loopholes that bad actors can exploit.
The increasing fraudulent schemes call for innovative solutions and education to protect DeFi market participants. SolidProof, a leading blockchain audit company, has stepped up to help safeguard the $69.43 billion locked in various DeFi protocols.
The Go-to Platform for Efficient Audit Solutions
Solidproof launched in 2021 to bring transformational audit solutions to DeFi, making the space safer for all users. The project has introduced proper audit tools that empower established and new projects to secure their protocol by rooting out vulnerabilities and inefficiencies.
Solidproof also offers a built-in Know Your Customer (KYC) solution that verifies users' identities to protect blockchain-based projects from money laundering and terrorist financing risks. The KYC process also vets the team behind a project, guaranteeing investors that the developers are qualified, legitimate, and well-intentioned.
The German-based company recently introduced its smart contact audit automation tool that promises to be a game-changer in the industry. The auto tool shortens the time needed to review and analyze complex DeFi code and tax systems. It also fine-tunes the audit process, making it possible to discover hard-to-find vulnerabilities that manual testing often misses.
The auto tool solution enhances the firm's ability to produce reliable audit reports for numerous blockchain platforms. So far, over 350 projects have chosen trust made in Germany to safeguard their code and build up their credibility in the DeFi sector.
Launchpad platforms such as Unicrypt have also integrated SolidProof's easy-to-use auto tool on their websites, allowing upcoming projects to seamlessly conduct an audit and KYC before launch.
About SolidProof
Solidproof is a leader in smart contract security solutions that brings accurate, reliable, affordable smart contract audits made in Germany to the DeFi sector. The firm plays a significant role in eradicating scams and fraud from the DeFi space with its revolutionary audit and KYC services.
The blockchain auditor has secured hundreds of projects, helping instill trust in the fast-growing DeFi industry. To learn more about Solidproof's security solutions and connect with its community, click on the links below:
ETH Gains Edge Over The Stock Market, Prepares For New Rally
Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum’s Defi Dominance Loses 14%
Impermanent loss challenges the claim that DeFi is the ‘future of France’
Investors are often lured to DeFi by the four-digit APYs on offer, but in many instances, impermanent loss actually siphons away any potential profits investors might have accrued.
Terra’s blockchain worth surpasses $30 billion as LUNA prices rise by 70%
LUNA Now Second-Biggest Network In Terms of Staked Value
DeFi Blue Chips Slide 80% Since 2021 as New Generation Rises
Metaverse 101: A Beginners Guide to the Metaverse
Welcome, Cryptonaut, to the world of tomorrow. The year is 2089. Wait, or is it 2090? Heck, who even remembers years anymore. It is late in the 21st century anyway. Earth is a dystopian place, and world governments and countries have collapsed. Humanity is ruled by corporations and franchises, and the planet is plunged into […]
The post Metaverse 101: A Beginners Guide to the Metaverse appeared first on Coin Bureau.
Latest Algorand upgrade includes quantum-secure keys and enhanced smart contracts
Algorand, a next-gen blockchain application network, today announced a major release that will empower the creation of more sophisticated apps while marking a milestone for its cross-chain interoperability. Developers are now able to build complex dapps for the Algorand ecosystem with smart contract-to-contract calling, and network participants can take their first step towards trustless cross-chain […]
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