The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

SolidProof Introduces KYC and Audit Services for DeFi Projects

by ChainWire
December 10, 2021
in Industry Announcements

December 10, 2021 – Handewitt, Germany


SolidProof, a German-based blockchain auditing company, has finalized the development of its auto audit tool and plans to launch the solution soon. Dubbed the SolidProof Automated Auto Tool (SAAT), the product is designed to streamline and speed up the entire smart contract auditing process.

Retail and institutional adoption of decentralized finance (DeFi) is growing at a stunning rate. However, rampant hacks, scams, and other security breaches targeting DeFi protocols threaten to derail the success of the budding sector. SAAT aims to help blockchain projects enhance the safety and quality of their code by combating developer incompetence.

The platform’s services will ultimately reduce significant vulnerabilities inherent in cryptographic tokens and blockchain tech. Furthermore, the auto tool will be the focal point of all audit-related services offered by SolidProof, helping the firm produce a reliable and convenient automated analysis of DeFi codes.

How the Automated Audit Solution Works

SAAT utilizes pre-installed parameters to sniff out bugs, errors, and inefficiencies embedded in any DeFi project’s smart contract. By automating the entire code review process, the experienced SolidProof team can deliver timely, accurate, and transparent audit reports devoid of human error.

The automation of audits also enables SolidProof to analyze highly complex smart contracts that would be almost impossible to review manually, boosting the security of DeFi projects.

Upon completing the autonomous review process, SolidProof auditors present the dev team with an audit report that classifies the existing vulnerabilities according to their severity (critical, medium, and low).

The auditors then offer recommendations to remedy all loose ends or system inefficiencies. They then work hand in hand with the project backers to fix the identified bugs before producing a final audit report and certificate that proves the project is safe for mainstream use.

The imminent SolidProof auto tool promises to be a pivotal service for blockchain projects looking to uncover hard-to-find vulnerabilities and bring certainty to their smart contract. The product will be instrumental in promoting the safety of DeFi projects and establishing trust among their clients.

The SolidProof team recently integrated a placeholder for the auto tool. The placeholder enables launchpads such as Unicrypt to embed the easy-to-use SAAT on their website, making it instantly accessible to clients. The move makes it easier for DeFi projects hosting their presale on the platform to fulfill their audit obligations with a few clicks before listing their token.

SolidProof Brings Trust Made in Germany

SolidProof strives to become a leading provider of DeFi auditing solutions by combining world-class auto-tests with manual code reviews from a team of passionate blockchain security experts.

The German-based security firm allows DeFi investors to feel secure by empowering emerging ventures to identify and close any loopholes that can be exploited by hackers. SolidProof’s customized solution also offers KYC scanning services that look into customers’ transactional data to identify any fraud, money laundering, or terrorist financing risks.

To foster additional transparency in DeFi, the blockchain security firm posts all the latest audit results on its website and social media channels. Projects operating within the DeFi space can send a non-binding request to the audit team and get a personalized and reasonable quote.

Developers can discover how they can leverage the audit firm’s security solutions to boost investors’ confidence in the SolidProof website. To connect with the SolidProof community and learn more on how the firm revamps the security of DeFi smart contracts, check out the social media handles below.

Website | Telegram | Twitter | Facebook

Contacts

CEO
Mails Nielsen
MAKE Solutions UG
hello@solidproof.io

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,878.47
$27,878.47
1.63%
Ethereum
$1,764.76
$1,764.76
2.28%
Cardano
$0.367592
$0.367592
3.87%
XRP
$0.433206
$0.433206
6.33%
Dogecoin
$0.075246
$0.075246
1.44%

Spotlight

  • 24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment
    March 20, 2023
  • Analyst Known for Calling Crypto Bottoms Predicts Breakout for Ethereum, Says Solana Primed for New Rallies
    March 21, 2023
  • Macro Guru Raoul Pal Updates Outlook on Bitcoin, Predicts BTC Reaches $50,000 – Here’s His Timeline
    March 21, 2023
  • Former Coinbase CTO Doubles Down on Massive Bitcoin Price Prediction, Compares US Dollar to Collapsed World War I Currency
    March 21, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl