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NEO partners with CertiK to boost smart contract security

Aakanksha Rana



NEO partners with CertiK to boost smart contract security
Source: Pixabay

On 1st August 2018, NEO, a blockchain platform, made an announcement about its partnership with CertiK, a security auditor, in order to intensify the protection and verification of smart contracts for the NEO’s platform.

NEO's tweet | Source: Twitter

NEO’s tweet || Source: Twitter

CertiK is a formal verification platform for smart contracts and blockchain ecosystems which was established by elites of Yale and Columbia University. It is the world’s first operating system which is resistant to hacker attacks and is being used in several fields including government and military systems.

The collaboration between NEO and CertiK will make the smart contracts and dApps on Neo platform completely bug-free and hacker resistant.

Zhao Chen, the Manager of Neo Global Development said:

“NEO is a high-speed autonomous public chain. With more developers building layers on top of it, this added security layer will expedite the prosperity of the ecosystem. I believe NEO and CertiK’s partnership is on track to changing the course of history.”

Recently, Lin Peter, the Director of R&D at NEO Global Development [NGD] stated that NEO blockchain experienced a network blockage, which resulted in a spam attack. The attack emerged in the form of negative invocations and led to multiple transactions taking place on their network without the transfer of any funds. However, the team was unable to detect the actual cause behind the attack; whether it occurred due to a bug in the contract’s code or if it was executed with an intention of hacking.

CertiK, on 17th July, partnered with Ontology [ONT] in order to detect security vulnerabilities of open-source code with the help of broad specification technology. The collaboration also aimed at eliminating the flaw of human detection while reducing the price of verification and providing high security to all the smart contracts.

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John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more





John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!

4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!

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