protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.
Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an "Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.
A standard procedure of secure smart-contract development for the ETC & CLO ecosystem will be developed. This standard procedure will include auditing of smart-contracts. Usually, auditing is quite expensive and some developers neglect it before launching their smart contracts.
Utilizing capabilities of the Callisto Network, we aim to establish a free-for-all system of smart-contract auditing.
1. A registration of audited smart-contracts will be created.
Every smart-contract that successfully passes the security audit will receive an official audited status. Otherwise, the contract will remain non-audited by default.
2. Everyone will be allowed to submit auditing requests and this is completely free for smart-contract developers.
3. A full-time team of smart-contract auditors will be hired to review each request for a smart-contract. This takes time, but it is better to do this than to launch a smart-contract with a critical vulnerability that will result in millions of dollars with the potential to be lost or stolen.
4. Smart-contract auditors will be paid with CLO from the Callisto Network treasury funds.
5. ETC and CLO smart-contract auditing requests will be accepted for free. We aim to improve the security of ETC ecosystem.
This is even more important since we plan to implement Callisto Network core features with built-in Callisto capabilities i.e. smart-contract systems.
Hence, smart contracts will be checked. It's good. This will enable the investor to assess the risks of investing in either project.