The tool will help in improving the analysis performed by the Security Oracles of Certik Chain (CTK). QuickScan will utilize static and dynamic analysis techniques to check deployed smart contracts against a database of known vulnerabilities. The scanning tool will use this technique to check the bytecode, source code and access parameters for each smart contract.

The Chief Operating Officer of Certik (CTK), Daryl Hok confirmed that QuickScan can audit and provide analysis on a smart contract in less than one hour. The system also assigns security scores to each different area and integrates them to express an overall evaluation. He also noted that this automatic scan system would not replace the manual analysis since the need for formal audits remains crucial for security evaluation. The two systems however can function together and help in the best way possible, the automated QuickScan could help point out where a potential vulnerability lies and help them to manually eliminate this problem.

QuickScan is a part of the security audit system attached with the Certik Chain. The security company had introduced the concept of security oracles, a quicker and granular system for auditing smart contracts.

The automated scanning tool will only be available to Certik clients or Security Oracle users, no mention of a public-rollout yet.

Aave is a smart contract governed lending pool on the Ethereum blockchain where users can earn interest on borrowed assets, they can also borrow assets using their deposits as collateral.

Through their protocol, users can earn interest for leaving ENJ on the Aave protocol which is borrowed by other people through an immutable, transparent smart contract on Ethereum with price feeds from chainlink’s decentralized Oracle.

Users also stand a chance of using their deposited ENJ as collateral to borrow any other coins of their choice. Currently, the Aave market has about 18 different assets which are available for both deposits and lending.

How to Do This

You can interact directly with the Aave protocol form the Enjin wallet

Open Aave in the Enjin DApp Browser

Choose the “Aave Market” Pool

Select “Browser Wallet” to link the Enjin wallet to the DeFi protocol.

Decentralized Finance

They are simply a system of Smart Contracts that automatically execute an action when certain conditions are met. They eliminate the need to rely on centralized intermediaries like Banks etc.

The IOHK  CEO noted that they are working on a simple Erc-20 converter, this will help migrate erc-20 tokens to a Cardano Testnet in a test run. An external company is taking charge of these developments, through this converter, moving of tokens from the Ethereum Network to the Cardano Network becomes possible and easy. 

Valuable DApps that would perform useful functions within the ecosystem would be launched by the Plutus Foundation and Guogen Developments team. 

Charles also said that by December, developers will be able to create, test and execute  Smart Contracts. 

Everyone or company that plans on building a DApp on Cardanos Blockchain is working with this acronym in mind ACID which stands for Adoption, Collaboration, Incentive and Deployment. In the video, Hoskinson explains these terms.

Charles plans to stay with the project until all that is needed is put in place, after which the Cardano project will operate in a decentralized manner.

You can see full video here 

The Bancor team also has third parties who are currently auditing the code and this bounty is to make sure that there are more than enough eyes on the Bancor Protocol Smart Contract relaxed on Friday. 

The Bug Bounty will run until July 30th for the first stage, any bugs that are discovered within the first two weeks (16th to 30th of July) are entitled to a 20% bonus. After the first set, those who discovered bugs within the first two weeks of the program, the bug bounty will be extended but rewards will lower to $45,000.

Rewards

Rewards will be determined based on the impact of the discovered vulnerability as well as the level of difficulty in reproducing the vulnerability. 

The category of rewards within the first two weeks. 

Rewards within 2 weeks of program 

Critical : Up-to $54,000

High : Up-to $14,400

Medium : up-to $4,800

Low : up-to $1,800.

You can see the other rewards here. 

They have completed public tests on shielded transactions, deployed testNet and have also implemented instructions for the Zero-knowledge protocol zk-SNARKs.

The TRONZ Foundation adds privacy as an option to open or transparent transactions, they pointed out in their published medium article that TRX transactions will still be transparent and not anonymous in any way even after the upgrade to TRON 4.0. This is because TRON is working on having a safe public chain that complies with global regulations and policies.

HOW TO USE THE SHIELDED PROTOCOL ON TRON

All TRC-20 standards tokens whether issued or not on TRONS blockchain will be supported by the TRON 4.0 Smart contract upgrade.

Developers can adopt the privacy features that come with the new upgraded protocol by simply implementing the Smart contract.

The TRONZ Foundation do not plan on issuing any tokens on this contract, since they have adequate funds and active developers on board. The Foundation however has decided to make the TRONZ Smart Contract Privacy Protocol full open-sourced, they also plan on dedicating sufficient capital to help develop the TRON Community.

TRX vs ETH

Some might argue that there exist a competition between these projects as we have both CEOs have some word fights over the years, one of those was when Trons Dapps were used more than that of Eths.

This has created some bit of division between supporters of these 2 great projects. ETH plans to launch ETH 2.0 which amongst other things will come with ETH 2.0 Staking allowing stakers earn passive income, also Sharding which will deal with the scalability issues on the Ethereum blockchain.

Last month, on the 23rd, Justin had tweeted a poll which had the question of which was better between TRON 4.0 and ETH 2.0. On the poll TRON won although a lot of users believe Justin had bought votes to win it since ETH was leading initially.

OUR TAKE

The crypto-sphere is quite a big one and large enough to contain a lot of promising projects out there. Whether or not ETH or TRON is better will be decided when both protocols are launched, for us we hope all protocols are utilized for what they offer.