I have absolutely no doubt that this project is going to be a game changer. With highly experienced computer science Professors and Research Scientist from Yale University in their core team, former software engineers from Google, Facebook and Freewheel and amazing partnership with the some of the biggest names in crypto: Bitmain, NEO, ICX, FBG Capital, XRP Capital to name a few, this project has everything for us to get excited about.
Blockchains doesn't require a central authority of trust and reach consensus in a decentralized manner via Proof of Work(POW) or Proof Of Stake (POS). Recent days we have seen various attacks and hacks,for instance,
Ethereum DAO Hackwhich stole 3.6M ether ( then $50M) leading to the hardfork and all.
The Bancor Security Breach which resulted in a loss of $23.5M etc...
This essentially points to the fact that blockchains though more secure than centralized servers, are not entirely secure and are prone to hacks too. More information on Blockchain Hacks, you may read in the above link.
Here comes Certik to the RESCUE. You may read the Keynote & Whitepaper here.
In short, "CertiK is a formal verification framework to mathematically prove that smart contracts and blockchain ecosystems are bug-free and hacker-resistant."
From Yale University website
Another awesome news is that the strategic partners have already started working together on a project to secure their blockchain.
NEO partnering and actually working with Certik puts in a lot more credibility in this project and the irony is that Certik ICO is still TBA. Im investing. Hopefully they will come out with a date soon...
Official Certik Twitter Account
Official Certik Telegram Channel
Hope this was helpful and informative peeps and do sign up to Binance or Huobi for trading/buying crypto & in IC markets to trade crypto/usd pairs in MT4. Also consider using BITMEX and try your luck at 100x :)
If you enjoyed it please do post your upvote, comment, resteem & follow.
Bitcoin : 1EDEU9A9D1pJYGkM8JaEEUgdH7U8yUNeXp
ETH & ERC 20 tokens : 0x277be3fe5b9b6fed7eff380bff320f9c1caf69a2
Steem & SBD : @amreshchandra :)
It looks like a great project to me
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cheers mate
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Def looks interesting :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great project , if NEO is supporting then definitely good project , however we need to see the launch of this project and success also , then we can say and move forward , however for now its looking good and promising , thank you for this update bro
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The likelihood of this project succeeding is quite high considering the type of investors and especially partnering with NEO...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Crypto market is more profitable than fiat market.but people prefer to
Invest in fiat because crypto is vulnerable to hacking.so many
New coming projects says that they prevent crypto from hacking
but they don't do that.certik is also one of them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not just hacks brother, also crypto volatility keeps normal investors from not investing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What do you think about todays news ...
https://cointelegraph.com/news/nyse-operator-announces-new-global-digital-assets-platform-plans-bitcoin-futures-launch
That is definitely a game changer.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ofcourse it is :) About time...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you amreshchandra for sharing
I will pass your article to my partners to take a look at.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lovely mate..consider investing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
would love to contribute to this, but seems to be a privite affair with the ICO
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They have twitter campaign going on to get into whitelist
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're an excellent author!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Humbled. There are many better authors around 😉
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm a hard person to convince and you convinced me. That in itself is pretty amazing!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've got to agree with @ghostwriter on this. You are an amazing author. I've upvoted and I'm following you now!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks @saragarmee...Put will update when they announce the date. Consider investing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cheers mate 😎..Hows it gng... You havent been active lately?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thumbs up for anything built on NEO or working with NEO!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haven't heard about NEO for a long time now
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
यह गेम सबसे उच्चतम रहेगा।
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yea bro, consider investing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you for this nice information sir.. very well said..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Appreciate it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks for dropping by brother. Nice to see you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Excellent post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Appreciate it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sir plz give a upvote on my post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dont have much SP brother. All's delegated. Hope you have a nice one and keep grinding till you make it :) Good luck
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good job man
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Many of most successful people in IT industry are college dropouts while "professors" are people which fart in their seat for 30 years, just repeating same "knowledge" slightly updated to present.
To validate if something is hacker-resistant, one needs to think like a hacker and have skills and knowledge of a hacker. People behind CertiK have none of these.
Every fullnode wallet/daemon is updated, what is "bulletproof" today, might not be "bulletproof" with next update.
I don't believe every update will go through CertiK (I bet it would often be the initial version). Many fullnodes/daemons have dozens of updates over couple of years.
Whole CertiK ICO looks more like a retirement fund for couple of old fart "professors" and couple of people kicked out of top corporations years ago and incapable to find a job equal to their EGO.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Appreciate you commenting mate. Well with advance in technology yea there will be new problems to deal with and solve . But with regard to the scenario now, Certik could have helped warn the Bancor & DAO hack...
In addition to that if they had nothing to offer, its unlikely they would have got huge partners in the crypto space more importantly start working with NEO on securing their smart contract even before the ICO and thats a big deal thb..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It will hardly prevent insider to steal (that's what's most "hacks" are about).
But I agree, Certik might have positive impact on smart contracts on being safe and undisputable.
Some of MIT and Yale professors (even if useless in real life) are good at analytics and they have access to powerful hardware to verify their assumptions with bruteforce testing.
We'll see.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
PLEASE dear upvote my post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Informative post @amreshchandra, but I am wodering, what will protect CertiK? Could entirely be that I don't understand blockchain tech well enough yet..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its a protocol that helps make the blockchain and smart contracts bug free and hack resistant. Well its difficult to understand and explain how it does that. Infact i dont completely understand the codes and all myself..But i hope the concept is clear to you...😊
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well, clearer now :)
Thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think "CertiK" may be a terribly attention-grabbing project
because blockchain security remains a
growing major downside. Smart
contracts area unit terribly vulnerable and
can produce large issues if the code
isn’t good. Investors would like a secure
environment so as to be ready to
trust comes with their cash. Good
security can even create institutional
investors additional doubtless to support the
cryptocurrency house.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why 'terribly'...its supposed to be a good thing haha..btw i reckon the project though with amazing talent and huge investors and partnersbacking didnt get much needed attention.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very solid team. Re-steemed.
-exp
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sounds amazing
Will definitely lok out for this.
This is a advancement in right direction and good for crypto in general as hacking is major issue and we have seen how the markets react.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
such a nice imformation @amreshchandra
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@amreshchandra yes agreed ,it could make crypto space more secure & reliable .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
True indeed
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Appreciate it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very good info sir
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 42.29% upvote from @postpromoter courtesy of @amreshchandra!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice post! I really like it if you follow me!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I followed you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit