RATE Group | Experts Spot Huge Volumes of New Ethereum Smart Contracts, Asset Gathering Assumed
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Experts Spot Huge Volumes of New Ethereum Smart Contracts, Asset Gathering Assumed

24 Jul Experts Spot Huge Volumes of New Ethereum Smart Contracts, Asset Gathering Assumed

Posted at 21:23h in Ethereum News by

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Ontology collaborates with CertiK to boost the security of its Blockchain systems

Contents

The co-founder of CertiK Ronghui Gu gave an interview to Medium, explaining that formal verification is a complex process that includes a logical language and mathematical deduction for describing standards and checking if the tested system matches the requirements. This what this company deals with.

The goal of the partnership

Together these two companies plan to spot bugs in open-source codes and make sure smart contracts contain no vulnerabilities when released. This is crucial since as soon as a smart contract gets out onto a distributed ledger network, its code cannot be altered anymore.

The majority of distributed ledger projects operate on an open back code, so it is impossible to conceal any security flaws and bugs. The appearance of such companies as CertiK is a sign that says– conventional security programs will be unable to solve…

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