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Red4Sec has completed the security audit of Credits blockchain platform consensus and transport protocols code.
Credits and Red4Sec has started cooperation in June. The security audit was divided into the following parts:
- Analysis and review of Credits source code.
- Conclusion and recommendations for Credits developers team.
- Review of the progress of vulnerabilities elimination.
CREDITS team is focused on improving the security of its platform. After the initial security audit, four of six detected vulnerabilities were solved, the remaining two are not critical and are in progress. Consensus and transport protocols of Credits Platform are unique developments undergoing patenting at the moment.
“The security is of the utmost importance for Credits, we have conducted source code review process in order to improve the level of platform’s security and analyse the state of the audited source code following Red4Sec recommendations,” commented Credits CTO Evgeniy Butyaev.
Credits and Red4Sec are committed to working further on enhancing the security of the disruptive blockchain solution.
Credits is decentralized open-sourced blockchain platform designed for dApps and smart contract development with its own internal cryptocurrency. Unique features: high network capacity (more than 1 million transactions per second), low fees (from 0.001 USD) and fast transaction speed (from 0.01 second) lead to great potential in the field of blockchain adoption. Advanced smart contracts features such as schedules and cycles create an opportunity for businesses to reduce their operational need and optimize business processes
Red4Sec is a business initiative, formed by experts and security analysts with many years of experience in the Cybersecurity sector.