The VeChainThor team has announced that they will be prioritizing security of the VeChainThor blockchain. They have collaborated with a number of third-party firms to ensure the security of the blockchain.
They have announced that this partnership is to set up the Authority Masternode standards to make the blockchain more secure. On an official blog post they said:
“[The blockchain] been undergoing a series of third-party blockchain security testing, alpha testing, code audits, code testing, and mobile wallet security testing over the last month. These tests will be ongoing until mainnet release and, so far, the tests have been running smoothly.”
They have employed firms such as Secureware, Hosho, HackenProof, and SlowMist. SecureWare is a security firm that specializes in blockchain security and security assessments. It utilizes established security experts and skilled software to ensure the security of their audited products.
Hosho is a big name in blockchain security, providing smart contract auditing and “penetration testing” services.
SlowMist is arguably the most significant partnership for VeChain, as they have rubbed shoulders with the like of Google, Microsoft, W3C, Alibaba, and Baidu. They specialize in underground hacker training and prevention, along with security auditing and deploying defensive systems.
HackerProof is a crowdsourced platform that rewards finding vulnerabilities. It allows companies to access a worldwide network of bug bounty collectors.
The two most intensively audited areas of the mainnet include the code of the mainnet itself and the security of the VeChainThor mobile wallet. On the code side of things, the source code, consensus algorithm security, Virtual Machine security and node communication security are being tested “thoroughly”.
The testing for the mobile wallet includes gathering intelligence, an audit of the overall security of the app and an audit of server security configuration and identity management.
The highlight of this collaboration is the setup of the Authority Masternode security standards. The standards are put in place to mitigate tampering risk and monitoring the workings of the blockchain, thus establishing a secure environment. According to the blog:
“The security standard would include recommended masternode hosting architecture, RPC security, Masternode configuration audit, security log, network security, DDoS protection, and other related services.”
The blog then goes on to mention the importance of security on the VeChainThor blockchain, with “trillions of expected transactions” at stake. They state that they will continue this collaboration, ending the blog with a bold statement saying.
“As companies continue to onboard post mainnet launch, in due time the VeChainThor Blockchain will be the most heavily used blockchain globally.”
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