With continuous efforts to improve the security of trading cryptocurrencies, BitMart Exchange recently announced their partnership with CertiK, a global leader in blockchain security who offers smart contract auditing, automated smart contract verification, and CertiK auto scan engine (CASE) services. This partnership has revealed BitMart’s determination in enhancing platform security and providing a highly secure trading environment to their global users.
Founded in 2017 by Yale professor Zhong Shao, who is known for developing a “Certified Operating System” called CertiKOS, the CertiK team has an exceptional amount of experience in the blockchain security industry. In addition to its own vast experience, CertiK has been supported by senior software engineers from Google, Facebook, and FreeWheel. With such qualified team, CertiK will help maneuver the elaborate complexity of the blockchain space and ensure BitMart a secure and stable smart contract.
Relying on mathematical proofs, CertiK is among the first to use a mathematical approach to check the reliability and security in engineered systems and smart contracts. “Blockchain can be easily aggressed by uncertainties and risks, but it doesn’t have to be that way.” CertiK Co-Founder, Zhong Shao said. “Once we have a formal verification process in which every code submitted is ‘checked’ via a mathematical proof before being accepted, we can build anything on blockchain without fear of the system being hacked.” By applying this blockchain technology, CertiK will help BitMart provide a bug-free, hacker-resistant means for securing transactions on the blockchain.
“We never stop pursuing a secure trading environment,” said BitMart Founder and CEO, Sheldon Xia. “As a premier global trading platform, we always keep in mind that we have a responsibility not only to our stakeholders, but also to the entire community as a whole to ensure that our platform is safe and guaranteed. We’re excited to partner with CertiK and we firmly believe that the CertiK team will help build a solid security wall for BitMart.”
BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 530,000 users worldwide and ranked among the top 10 crypto exchanges on CoinMarketCap. BitMart currently offers 162 trading pairs with one of the lowest trading fees in the market. BitMart’s daily trading volume ranges from $70,000,000 to $150,000,000 USD and total trading volume has reached over $6,600,000,000 USD since launching in March.
Founded by Yale and Columbia professors, CertiK is one of the most influential companies focusing on blockchain reliability and security. With a formal verification framework, CertiK mathematically proves that smart contracts and blockchain ecosystems are bug-free and hacker-resistant. To scale the verification, CertiK developed a layer-based approach to decompose such an otherwise prohibitive proof task into smaller ones. These smaller proof obligations can be encoded in the CertiK transactions and will then be proved and validated by the participants in a decentralized style. CertiK ledgers work as certificates to exhibit the end-to-end correctness and security of verified smart contracts and verified blockchain ecosystems, marking them entirely trustworthy.