A renowned software security firm active within the blockchain sector, CertiK, revealed the mainnet release of its own custom blockchain, the CertiK Chain.
The new blockchain places an important specializes in security, turning the previously static process of analyzing smart contracts into a real-time safeguarding system.
Professor Ronghui Gu, the CEO of CertiK, said, “Gone are the times of reliance on off-chain security analysis, static security audit reports, & unnecessary loss of your time as well as money.” The CertiK Chain is “setting a new industry standard in blockchain security protocols,” he added.
The blockchain features a custom programming language referred to as DeepSEA, that is engineered to form formal verification – a mathematical demonstration that the code does what it’s alleged to – into a largely automated process.
The blockchain also carries an interoperability focus through the concept of Security Oracles, which gives real-time analysis of smart contracts on other blockchains. The firm added that the feature is often employed by smart contracts on other blockchains to assess the safety of their peers. If the oracle deems the target smart contract to be unsafe, developers may prefer to avoid interacting with it on the fly.
The oracles will run via a system of consumers as well as operators. End users or developers who wish to know the extent of security of a specific contract will submit an invitation, funded with the blockchain’s CTK tokens. The operators behind the oracles will then conduct the analysis and publish the results on-chain.
Finally, the firm is additionally organizing an insurance mechanism to hide any loss of funds from hacks, referred to as CertiKShield.
The mainnet launch comes after a testnet published earlier in March this year. Earlier in February, the project released a demo of the DeepSEA language. CertiK is among the foremost active security auditors within the ecosystem, being recently selected as a partner for auditing Binance Smart Chain and projects building thereon platform.