Digix Global, the Singapore-based platform for a physical gold-backed token based on the Ethereum blockchain today announced that DappHub representatives, Nikolai Mushegian and Andy Milenius, will be doing an initial code review for DigixGlobal’s core contracts prior to a full security audit.
DappHub is a decentralized application R&D firm specializing in the Ethereum technology stack. DappHub, formerly, known as Nexus Development LLC, is the development studio that came up with MakerDAO, MakerMarket (A decentralized exchange), and the Dai stablecoin.
The Digix team said:
“We have known the guys at DappHub since Ethereum first began, and the turning point came at Devcon2, where Anthony’s presentation on smart contract design resonated with DappHub’s own contract architecture. It was the first time when 2 private organizations, who were each privately exploring an elegant approach to writing smart contracts, reached similar conclusions and approached smart contract design in a verisimilar fashion.”
Digix is an asset-tokenization platform built on Ethereum leveraging the blockchain’s immutability, transparency and audit ability by applying it to physical assets. Digix has created a range of technologies including The Proof of Asset Protocol (POA), Digix Gold Tokens (DGX), a gold-backed token for Ethereum, and DGD – Digix DAO Tokens.