The CertiK Foundation, an organisation that develops security infrastructure for blockchains, volition introduce the open beta of its CertiK Chain adjacent calendar week.

Per a printing release shared with Cointelegraph on Nov. 22, CertiK Foundation is about to launch the Testnet iii.0 open up beta for CertiK Chain designed to enable smart contracts to check for bear witness of security audits of other smart contracts before engaging in a transaction.

The CertiK Virtual Automobile (CVM) includes full compatibility with Ethereum's EVM, which allows existing Solidity smart contracts to run seamlessly. Since the CertiK Chain is built on the Cosmos Network, information technology also makes it possible for Solidity smart contracts to run on the Cosmos Network.

The release and potential applications

With the release of the public open beta, the company aims to handle scaling and block validation efficiently. The CertiK Foundation told Cointelegraph that the chain volition be suitable for a wide range of potential applications, including areas such as decentralized finance and staking.

The company explained that a user can check for evidence on-chain of a security audit prior to sending cryptocurrency to get locked in a staking contract. Based on the result, a user may cull to transport amounts in smaller batches. CertiK Foundation stated:

"Ultimately, if blockchain becomes every bit disruptive equally people expect, with smart contracts (such equally DAOs) interacting with other smart contracts, then the ability to verify security on-chain would help prevent malicious interactions. Other features of the CertiK Concatenation includes a sandboxing of smart contracts so that they can deploy in a simulated environment for dynamic testing, which would exist useful for both deploying new contracts and implementing upgrades of existing contracts."

Additional security features

In forthcoming releases, the arrangement is planning to include additional security features in order to prevent malicious interactions with the remainder of the blockchain. The CertiK Chain will run on CertiKOS — "the world's only fully certified, concurrent OS kernel and hypervisor" — and enable the CVM to run smart contracts developed in the programming language DeepSEA.

The CertiK Foundation launched its native CertiK Chain blockchain in late July following an investment from Binance Labs in 2018. At the fourth dimension, the visitor said that smart contracts on CertiK Concatenation tin exist developed in the functional programming language DeepSEA, which reportedly guarantees security by ways of the code.

Every bit previously reported, the Ethereum Foundation provided the DeepSEA project with funding in March. Open source blockchain project Qtum also provided DeepSEA with $400,000 in funding back in Dec.