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Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. 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 orde..
New York approved two fully audited stablecoins from Gemini and Paxos, which experts say may largely impact the crypto market. As Cointelegraph reported on Sept. 10, with the approval of the New York Department of Financial Services (NYDFS), Paxos and Gemini officially announced the introduction of two stablecoins called the “Gemini dollar (GUSD)” and the “Paxos Standard (PAX).” Both stablecoins are backed by the U.S. dollar on a 1:1 basis, with every unit of GUST and PAX representing the value of one U.S. dollar. Experts believe that the emergence of fully audited, legitimate and licensed stablecoins will have a profound impact on the crypto market, especially in the long-term, as it provides investors a way to retain value without being exposed to the volatility of the market. Significance of GUSD and PAX deploying on EthereumCameron Winklevoss, the co-founder and president of United States-based regulated cryptocurrency exchange Gemini, said in an official statement that it has lau..