AuditOne scored second place at HackOnChain!
Dec 7, 2022AuditOne won twice the 2nd prize at HackOnChain hackathon, one in the main prize pool category and the other in Q.org challenge.
David Velek
AuditOne won twice the 2nd prize at HackOnChain hackathon, one in the main prize pool category and the other in Q.org challenge.
David Velek
The Soonaverse has become a significant player in the crypto space with more than 18,500 members and 1,800 communities. AuditOne has had conversations with SoonLabs on how they can help by being a trust anchor to ensure users feel safe and that users can confidently participate in projects without having to worry about scams or rug pulls. Although eliminating the risk completely is not possible, we can still minimize this risk by a lot. Thus, AuditOne has decided to add their services as a service module on the Soonaverse. This way AuditOne will be able to verify & secure projects on the Soonaverse while being able to highlight those on the platform itself. Users on the Soonaverse will be able to understand which individuals, tokens and projects have been verified/audited and which not.
Adrien Resch
Cryptocurrencies are known for having parabolic runs. The potential of excess gains can incentivize some investors to skip due diligence, resulting in the trend of "Apeing" into coins/tokens based on the fear of missing out (FOMO) on possible gains. Entire investment strategies rely on smart contracts working as they should, and when they can not, millions are at risk.
Daniel Francis
Audit reports are a badge of honor for a DeFi project. They are used to establish legitimacy for investors and users. Projects proudly displayed their audit reports but said audit couldn't prevent malicious actors. The experience and qualification of auditors are questioned after a project hack. There are limitations to a smart contract audit.
Daniel Francis
Smart contracts have emerged as the foundation of most web3 economies. They are programs like any other but are responsible for way more finances than typical applications. Smart contracts can seem simple, but one greater than symbol mistakenly typed as a less than could be detrimental to everyone using the contract when a malicious actor discovers how to exploit it.
Daniel Francis
In 2021 we saw an incremental rise in the adoption and interest in the cryptocurrency industry, leading to the increase in the development and investment of DeFi platforms. The total value across the cryptocurrency industry reached upwards of $230bn. The booming valuation has caused hackers to target unaudited DeFi protocols with increasingly sophisticated attacks.
Swathi Rao
In the past year, we’ve seen multi-million-dollar NFT sales, Dogecoin explosion after a few tweets, cryptocurrency price uncertainty, ransomware hackers being paid off in Bitcoin, and growing concern over the environmental impact of cryptocurrency mining. Behind those headlines, a larger movement was happening. Cryptocurrency, and the blockchain that underpins it, are evolving as a powerful, decentralized alternative to the dominant fiat system of money and banking.
Swathi Rao
The transition to a low-carbon future requires a visionary reassessment of infrastructure systems and services, from their interaction with consumers through planning, procurement, financing, construction, and operations. Embracing new technologies that enable drastic reductions in greenhouse gas (GHG) emissions will be crucial to a successful transition. Emerging distributed ledger technologies (DLT), such as blockchain, have the potential to improve current processes and systems by acting as a digital enabler across the infrastructure value chain.
Swathi Rao