- Bitrock efficiently accomplished its safety audit by CTDSEC with 0 vulnerabilities discovered.
- The audit that began in July 2023 targeted on Bitrock’s blockchain and good contract.
- Rockswap, the official DEX, is getting ready for multichain integration, previous to its audit completion.
Bitrock, the Layer 2 EVM-compatible blockchain, has not too long ago introduced the profitable completion of its safety audit by blockchain safety auditing agency, CTDSEC. After a number of weeks of rigorous evaluation, testing, and quite a few safety enhancements to the Bitrock chain, the audit exhibits that “all of the exams executed to the principle department had been 100% profitable and 0 vulnerabilities had been discovered.”
The announcement, made through Bitrock’s official Twitter account, marks a pivotal second for the blockchain platform. The audit, which started in July 2023, targeted on analyzing Bitrock’s blockchain and good contract. The target was clear: establish and rectify any potential safety vulnerabilities within the design and implementation of those elements.
Bitrock, a comparatively new entrant into the Ethereum L2 house, was not created as a fork of an present blockchain. Bitrock is an Ethereum IBFT 2.0 Proof of Authority (PoA) facet chain slightly than a Proof of labor (POW) or a Proof of Stake (POS), making it sooner, cheaper, and extra scalable than most rivals.
Key options of Bitrock embrace a formidable 2-second block time, the capability to course of as much as 12,000 transactions per second (TPS), and near-zero native fuel charges (~$0.00001). Notably, Bitrock’s complete provide is the same as the circulating provide, with no locked or vested tokens, guaranteeing no additional dilution.
Not like many different facet chain options, Bitrock opted for a stealth launch in July 2023, with no pre-sale, non-public sale, seed rounds, or enterprise capital backing. This strategic transfer positions Bitrock with a probably larger ROI resulting from its honest preliminary market capitalization.
Moreover, Bitrock’s core group has undergone Know Your Buyer (KYC) verification with AssureDefi, an organization recognized for its collaboration with legislation enforcement businesses such because the FBI and the US Lawyer’s Workplace.
The Bitrock ecosystem continues to evolve, with the official DEX, Rockswap, gearing up for multichain integration. This can allow cryptocurrency buying and selling throughout native chains with out utilizing swaps native to these chains or paying fuel charges in these chains’ native tokens.
Lately, Bitrock introduced the dwell staking on its mainnet, providing 60% APY, whereas ETH facet gives 30% APY. Presently, over 40% of the whole provide is staked. Bitrock has additionally accomplished a number of integrations with Dextools, Dexview, Bitmart, Pinksale, Geckoterminal, Avedex, Trustwallet, Sphynx Labs, with Dexscreener and numerous pockets integrations on the way in which.