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NEO Teams Up With CertiK in Hopes of Boosting Platform Security

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Wed, 08/01/2018 - 09:07
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Yuri Molchan
CertiK will provide special software for verifying NEO’s digital assets
NEO Teams Up With CertiK in Hopes of Boosting Platform Security
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These days, with virtual coins integrating deeper in our everyday lives, companies start working to take Blockchain security to a new level.

NEO + CertiK = potentially better security

Aug. 1st NEO platform publicly stated its teamwork with CertiK. That is a platform dealing with smart contract and DLT-system safety. CertiK intends to assist NEO with validating their contracts and also will give them tailor-made software for confirming transactions with NEO’s virtual coins.

Formal validation

The CertiK team uses a special algorithm to ensure that a software follows the necessary demands. Their formal validation ensures, through mathematics, that there are no bugs in electronic contracts and distributed ledger systems and that they are strong against malicious attacks.

At present, the majority of DLT contracts and apps on the NEO protocol are made by third parties, so here it is vitally important to seek and eliminate potential weaknesses.

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CertiK in the crypto world

This Silicon Valley-based startup has already made a partnership with a crypto platform recently. It has been working with Ontology (ONT) to boost the security of electronic contracts for the latter.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.