RATE Group | Ethereum Auditor ZK Labs Announces Community Audits Program
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Ethereum Auditor ZK Labs Announces Community Audits Program

27 Sep Ethereum Auditor ZK Labs Announces Community Audits Program

Posted at 01:37h in Ethereum News by

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September 26, 2018 6:58 PM

The audits will focus on non-ICO projects that are utilities to the Ethereum community.

On Wednesday, September 26, Matthew Di Ferrante of ZK Labs announced Community Audits, an initiative to audit projects that have not held an initial coin offering and don’t plan to. Eligible projects are those that “serve as a utility to the community,” such as tools and libraries helpful to developers, nonprofit EDCC (aka smart contract) infrastructure, and open-source code.

Although many nonprofit projects would qualify for the initiative, the nonprofit designation is not necessary for eligibility. Di Ferrante noted that, for example, “a state channel platform that has some fee system built in could be fine.” He added that, ultimately, the purpose of the initiative “is for grassroots projects to be able to receive quality audits without needing to think about raising large amounts of funding before the project can go live,” or without having to undergo the complex…

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