New Alliances for Investor Protection
In a bold move to bolster security and transparency in the world of cryptocurrency, South Korean exchange Coinone has teamed up with cybersecurity audit expert CertiK and disclosure powerhouse Xangle. Announced on August 7, this partnership aims to elevate the standards of crypto investing.
Why Transparency Matters
With a dark cloak over the crypto space often shrouded in volatility and susceptibility to hacks, transparent disclosures provide a much-needed relief for investors. Xangle steps up to the plate, promising to deliver vital public information that helps investors make informed decisions. From new token entries to shifts in business models, Xangle’s insights are set to demystify what often feels like foggy terrain.
- Details about upcoming tokens
- Changes in a project’s business model
- Token governance strategies
- Volatility insights of investment stocks
Securing the Code
CertiK, the cybersecurity firm, brings a wealth of expertise to the equation by offering smart contract audits. Their mission? To tackle security exploits at the code level before they can unleash havoc. Think of CertiK as the watchful guardian of the blockchain, ensuring everything is tip-top before Coinone lists a project.
Coinone’s Southeast Asian Expansion
But that’s not all folks; Coinone isn’t just resting on its laurels. They’ve got their sights set on Southeast Asia, specifically Indonesia! Initially announced in April 2018, the exchange plans to support a roster of six cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and more. Talk about a busy agenda!
CertiK’s New Blockchain Frontier
In addition to its collaboration with Coinone, CertiK is making headlines with its newly launched blockchain—CertiK Chain! This cutting-edge platform enables the development of smart contracts utilizing the DeepSEA functional programming language, which is purported to guarantee security at the code level. Funded by the Ethereum Foundation and Qtum, this initiative showcases CertiK’s commitment to fostering a safer blockchain environment.
Military-Grade Security
Operating on CertiKOS, a hypervisor system designed for military-grade protection, CertiK Chain is engineered to withstand the would-be hacking attempts lurking in the shadows. This level of cybersecurity might just make investors feel like they’re encrypting their digital dreams with Fort Knox-level security!
Conclusion
With these strategic partnerships, Coinone is stepping up its game real quick, merging innovation with robust security protocols. Whether you’re a crypto veteran or a curious newbie, such measures are undoubtedly a win for all investors navigating the sometimes-treacherous waters of cryptocurrency.
