What is CertiK? All you need to know

CertiK is a well-known blockchain project with a mission to protect blockchain applications and systems from security risks. From Skynet to Bug Bounty programs, CertiK provides comprehensive solutions to protect digital assets. 

To better understand what CertiK is? What outstanding products does this cryptocurrency project have? Let’s find out the details through the following article with AZCoin.

What is CertiK?

CertiK, now rebranded as Shentu, is a blockchain security platform. It’s built with the goal of raising the security standards for DApps and blockchains. CertiK acts as a Smart Contract platform that supports the operation of DApps and establishes links between chains.

To date, CertiK has audited approximately 3,000 projects, with a total market value of $346 billion. In addition to auditing services, CertiK also operates in many other areas related to crypto and blockchain.

Main components of CertiK

The main components of CertiK include:

• CertiK Security Oracle: Provides security data for smart contracts.
• CertiKOS: A blockchain operating system designed to ensure the security and integrity of smart contracts.
• CertiK Virtual Machine: A virtual machine that supports the execution of smart contracts in a secure environment.
• DeepSEA: A secure programming language and smart contract development environment.
• CertiKShield: Provides insurance and protection for smart contracts.

Project team, investors, partners

Project team

CertiK was founded in 2018 by two prominent professors in the field of Computer Science:

• Zhong Shao: Co-founder and Professor of Computer Science at Yale University. He has over 25 years of experience in research and teaching, is the founder of the FLINT research group and the principal investigator of the DeepSpec project.
• Ronghui Gu: Co-founder and Assistant Professor of Computer Science at Columbia University and is also the CEO of CertiK. He has a PhD from Yale University and nearly 5 years of teaching at Columbia.

Other key members include:

• Muhan Zou: Co-founder, Executive Vice President and Chief Strategy Officer, with over 5 years of experience working in Oracle SaaS and FreeWheel services.
• Vilhelm Sjoberg: Principal Investigator and PhD in Computer Science at the University of Pennsylvania, formerly a researcher at the FLINT group.
• Zhaozhong Ni: Associate Director, PhD in Computer Science from Yale University, worked at Microsoft and 3PAR as a code certification researcher.
• Daryl Hok: Managing Director with seven years of experience developing and managing technology companies.
• Yvan Nasr: Head of Business Development with MBA from Chicago, previously a senior director at Hosho.
• Kai Yan: Director of Business and PhD in Economics, worked at the International Monetary Fund and hedge fund Light Sky Macro.

Investors

In 2018, Binance Labs invested in CertiK, marking the trust of the leading cryptocurrency exchange in the project. In addition to the first investment fund Binance Labs, CertiK also received investment from Coinbase, other famous cryptocurrency exchanges such as: SoftBank, Goldman Sachs, Sequoia,…

You can refer to some additional knowledge related to CertiK: Retik Finance, Mutil chain non custodial walllet

Partners

In addition, CertiK has partnered with many partners in the blockchain industry, including:

• Bitman: The world’s largest Bitcoin mining equipment manufacturer.
• Huobi: One of the world’s largest cryptocurrency exchanges.
• OKX: A leading cryptocurrency exchange.

CertiK Products

CertiK provides a range of security products and services for blockchain projects. Here are some of their main products:

• CertiKShield: This is a decentralized insurance service that provides protection for digital assets against security incidents and losses. Users can purchase insurance to protect their assets.
• Skynet: This is a real-time security monitoring platform that uses artificial intelligence to analyze and evaluate the security risks of blockchain projects. Skynet provides detailed reports and early warnings of potential threats.
• Bug Bounty Program: This program encourages developers and white hat hackers to find and report security vulnerabilities in blockchain projects. Those who discover vulnerabilities will receive financial rewards.
• Penetration Testing: This is a penetration testing service where CertiK security experts perform simulated attacks to test and evaluate the security of blockchain systems.

Basic information about CTK token

Technical specifications

• Token name: CertiK
• Coin code on the exchange: CTK
• Blockchain: CertiK Blockchain
• Consensus: Delegated Proof of Stake (DPoS)
• Token type: Native Token
• Avg.Block time: 6s
• Fully Diluted Valuation: $92,929,258
• 24 Hour Trading Vol: $2,828,170
• Circulating Supply: 136,313,664
• Total Supply: 136,514,587

CTK Token Allocation

CertiK token CTK is used to pay for CertiK services, as well as to participate in governance of the CertiK Chain network. The distribution of CTK tokens is done as follows:

• 29%: Distributed in the first private sale.
• 25%: Go to the CertiK Foundation.
• 17.5%: Used for the Community Pool budget.
• 10%: Go to the CertiK development team.
• 9%: Sold in the second private sale.
• 8%: Go to the CertiKShield Pool program.
• 1.5%: Raised through Binance Launchpool.

Where can I buy CTK tokens?

You can buy CTK (CertiK) tokens on some of the top cryptocurrency exchanges today such as: Binance, Gate.io, BingX, Bitfinex,….

Safe and secure CTK Token storage wallet

You can store CTK coins on popular digital wallets such as:

• Hardware wallets: Ledger Nano S, Trezor,…
• Software wallets: MetaMask, Trust Wallet, Coinbase Wallet,…
• Cryptocurrency exchanges: Binance, Huobi, OKX,…

Is CertiK  (CTK) a scam?

CertiK is a reputable blockchain security project and has been trusted by many major projects in the industry to use their security services. However, as with any investment, there are always potential risks. Below are some points to note:

• CertiK’s reputation: CertiK has conducted many security audits for major blockchain projects and is widely recognized in the cryptocurrency community. This helps to increase their reputation.
• Market risk: CTK’s price can fluctuate greatly due to the influence of the cryptocurrency market in general. This is not related to fraud, but is a factor to consider when investing.
• Do thorough research: Before investing in any project, you should do thorough research and consult with financial experts. This helps you better understand the project and minimize risks.

Currently, there is no evidence that CertiK is a scam project. However, always be cautious and do thorough research before investing.

Conclusion

Above is all the information you need to know about CertiK and CTK Token. Hopefully the article has helped you better understand this potential project. If you have any questions, please Contact us for further support.