This audit was carried out by the top blockchain security provider, Quantstamp. The safety of OmiseGo (OMG) network users' funds was in the spotlight.
Core element reviewed
As reported by OmiseGo, the Quantstamp analysts tested the OMG Network's More Viable Plasma (More VP), the most important component of the OmiseGo (OMG) ecosystem. This is a side-chain solution that allows to broadcast off-chain computations' results to the Ethereum mainnet.
Quantstamp has already audited OmideGo (OMG) network infrastructure, Minimum Viable Plasma, which is less complicated.
OmiseGo (OMG) team asked the researchers about the ways malefactors can affect the transactions in the network. Also, the white-hat hackers were required to prepare the proposals to improve the existing network code.
Test passed
According to the official OmiseGo (OMG) statement, in general, only minor bugs were found in network's implementation of Plasma MoreVP.
Quantstamp found medium- and low- severity security issues and made several code quality improvement recommendations during the initial review phase.
As previously reported by U.Today, OmiseGo revealed that the first transaction in mainnet has been conducted recently. It is a crucial milestone for one of the most promising projects of the 2017 'ICO euphoria' epoch.
Vladislav SopovWhen will the commercial release of the OmiseGo (OMG) products be delievered? Tell us in Comments!
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Alex Dovbnya
Dan Burgin