[DPRating] Github Audit for 200 Blockchain projects — April 2018

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DPRating

4 min readMay 24, 2018

May 19th, 2018; by DPRating team Translated by Peng Xiangxin and Tyler Garant

During our code audit we found that some of the most renowned cryptos, ones always occupying the top 20 in market cap, have performed poorly for several consecutive months. In certain months, the development progress is close to none, as was the case with Neo and Litecoin this month. Projects like these might have a market cap that’s possibly overvalued dozens of times over, and DPRating suggests investors be cautious with these kinds of projects.

Scry has opened up access for our auditor to investigate its private library, an act we very much appreciate. For projects (such as Vechain and UIP) that haven’t published their library for “trade secret” concerns, DPRating suggests and invites them to open up private access as a way to publish their development progress.

After the release of DarpalRating-Code Audit List of March we received plenty of feedbacks from our readers. If there are any new projects that you’d like to add to our list, please comment on this article and let us know.

In this month’s code audit we have made the following improvement:

Added private library: For the concern of protecting trade secrets, some projects haven’t made their GitHub library public. Investors can only stay informed on these projects through the official reports of the projects themselves, relying on information that cannot be verified through a third party. Scry has allowed DPRating access to its private library to verify the actual progress of the project. We hope that more projects with private libraries decide to take this approach in order to allow a third party to audit its work.
Newly added projects: gulden、Wanchain、United Bitcoin、Cortex、credits、Jibrel Network、Qlink、True Chain、rise、district0x、lightChain、ipchian、WaykiChain、wepower、datum

In the future, you can search for our project code audits on dprating.com.

How do we rate?

Popularity of the Library

Popularity of the Library is defined as the mean number of Watch, Star and fork. Very High: > 500, High: between 100 and 500, MediumL between 20 and 100, Low: Below 20.

Number of Contributors

Number of Contributors: The number of contributors that have committed code in the last month. High: More than 12, Medium: between 6 and 12, Low: Below 6.

Release Frequency

Release Frequency: We took the version release frequency of Bitcoin and Ethereum, 14.31 days for a new release, as a reference value. We then divide the number of average days spent for a new release by 14.31 to get a release frequency score. High: below 2, Medium: between 2 and 4, Low: above 4.

e.g. The main chain of EOS has been released 35 times from 4/1/2017 to 4/2/2018, for an average of 9.13 days between new releases. This divided by 14.31 is 0.71, so the release frequency of EOS would be considered high.