Yes i agree with your point. DD is the main problem on crypto, there is not enough reports out there to do. This is a great step towards improving the investor space.
Topic: Audit reports on crypto project! (Read 131 times)
As long as these projects are central and developers can control a part of them (Marketcap, Demand, suport, value,..etc) there must be a supervisory authority that checks the true value of these currencies and ensures that no scamming with occurs.
Cryptocurrencies (Bitcoin and some well known projects) are open source software and anything can verify + every transaction with it. Therefore, it is illogical to have a supervisory authority in something open source and everyone can be sure of everything with it.
The same applies to crypto platforms and other central services.
Cryptocurrencies (Bitcoin and some well known projects) are open source software and anything can verify + every transaction with it. Therefore, it is illogical to have a supervisory authority in something open source and everyone can be sure of everything with it.
The same applies to crypto platforms and other central services.
May be it's not about open source itself but about altcoin projects launched with the help of ICO. They are open source, anyone can work on them with GitHub and stuff but they solely depend on the owners and team to keep the project going on or not.
I think this audit stuff is associated with that triangle. The dots are not always open, you have to keep checking the projects at every stage of roadmap. Most of spurious activities can be tracked down for example, active users on the project, investors buzz, social presence and what not.
Yeah, if this about audit which talks of above stuff then it is indeed needed.
As long as these projects are central and developers can control a part of them (Marketcap, Demand, suport, value,..etc) there must be a supervisory authority that checks the true value of these currencies and ensures that no scamming with occurs.
Cryptocurrencies (Bitcoin and some well known projects) are open source software and anything can verify + every transaction with it. Therefore, it is illogical to have a supervisory authority in something open source and everyone can be sure of everything with it.
The same applies to crypto platforms and other central services.
Cryptocurrencies (Bitcoin and some well known projects) are open source software and anything can verify + every transaction with it. Therefore, it is illogical to have a supervisory authority in something open source and everyone can be sure of everything with it.
The same applies to crypto platforms and other central services.
That is, without a doubt, the most extensive audit I ever saw.
I think it's more of an audit on code itself, so that vulnerabilities can be found before it is being exploited by cyber criminals. It should be a independent third party that can extensive experience on reviewing the code and see loopholes. As for audit like it's good though so that we won't have this scenario: Will Tether Do An Audit? Circle’s Audit Report For USDC Raises Pressure on Tether for Audit. As for the chance? I do hope so, so that projects will really be transparent to it's investors.
One of the biggest differences between crypto projects and others is basically the due diligence you can do on the project. There are a lot of imperfections that could be found before the project exist scams like recently half of the food Defi project did. I am a big supporter of audit firms being active in the crypto space so traders can identify the real value behind the project and don't get blinded with their marketing promises.
Do you guys think there is a chance that things like that will become more regular? One of the main projects I follow newscrypto.io just got the audit report on them with 70 detailed pages made. Found a lot of interesting things I've never seen before and is great to see how the objective firm ranks a project giving them an A-investment ranking. Are there any other projects that got audited like this? Or are project owners scared to give out information
the audit report can be found here: https://www.verachain.dev/newscrypto/
Do you guys think there is a chance that things like that will become more regular? One of the main projects I follow newscrypto.io just got the audit report on them with 70 detailed pages made. Found a lot of interesting things I've never seen before and is great to see how the objective firm ranks a project giving them an A-investment ranking. Are there any other projects that got audited like this? Or are project owners scared to give out information
the audit report can be found here: https://www.verachain.dev/newscrypto/
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