We are thrilled to announce that developers building on ReefChain will be able to utilize SolidityScan, the enterprise grade suite of security tools built by CredShields, to evaluate their smart contracts and mitigate any existing risks before deploying them on the mainnet.
Security is of prime importance in the Web3.0 industry. With more and more blockchain enthusiasts and investors deciding to invest in various DeFi farms, hackers are always on the look-out for exploiting vulnerabilities in smart contracts to steal investor funds and sensitive information. News reports of smart contract hacks make headlines in the cryptosphere every other day.
SolidityScan is the flagship product of CredShields, a Web3.0 startup focused on providing various blockchain based security solutions and auditing services. Launched in March of 2021, SolidityScan ensures complete security coverage of decentralized applications, from development to post deployment.
Reef Chain is a Layer-1 EVM (and soon to be Multi-VM) compatible blockchain, designed to make Web3 accessible to the next billion users. Apart from unparalleled speed and scalability, Reef is also focussed on delivering best-in-class security, to provide developers with all the tools necessary to build next-gen dApps. Other notable features include on-chain governance and scheduled forkless updates, so that applications can be updated on-the-fly without disrupting their services.
SolidityScan will be integrated into ReefScan, Reef’s native open-source block explorer. With this integration, developers will be able to review their smart contracts’ codes and scan for vulnerabilities before deploying them on the ReefChain mainnet.
Developers will be able to use SolidityScan to monitor every stage of smart-contract development, from manual code review to automated testing. Upon completion of the security audit, SolidityScan will provide a detailed report outlining the tests performed and the security issues identified, including best practices for improved security.
Any weaknesses that might exist in the code can be caught and rectified in the development and evaluation phase itself. Neither do the developers have to rely on feedback and bug reports from users, nor is there any chance of sensitive user data being leaked to hackers. CredShield’s security solution will ensure that worrying about security is a thing of the past.
Denko Mancheski, the CEO and Founder of Reef, said, “There is no way we can take blockchain security lightly today. A single hack can tarnish the reputation we have built up over years. We are impressed by the work CredShields has done. Within a short time, they have established themselves as one of the top blockchain security and audit service providers. Developers building on Reef Chain can feel confident with our chain's security and focus completely on integrating more features in their dApps.”
CredShields is a Web 3.0 security organization providing best-in-class auditing services and building affordable and accessible products to cater to the needs of the growing blockchain space. Established in 2021, CredShields is designed to help organizations find bugs missed by traditional security solutions, such as penetration testing & code audits. Their flagship product is SolidityScan, a cloud based smart contract security scanner.
Reef is an EVM-first blockchain designed to make Web3 accessible for the next billion users. Reef offers high scalability, affordable transactions, and utilizes Nominated Proof of Stake, extensible EVM, and on-chain upgradability. Reef is the future blockchain for NFTs, DeFi, and gaming. It can easily accommodate the needs of the future of Web3 development. Reef is an ideal blend of old and new, a trait that makes it eternal and timeless.
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