“AA”: XODE Blockchain Aces CertiK Security Score
By Caesar Ditan
CEBU CITY (August 12, 2024). XODE Blockchain, the Philippines’ first homegrown blockchain, hit another milestone when it garnered a CertiK Security Score of 86.75% last August 7, 2024. A score of 86.75% gives XODE Blockchain an “AA” rating. This “AA” rating puts XODE in the Top 19 rank. This is significant because XODE Blockchain belongs to the Top 10% percentile group among all the projects under audit by CertiK.
For the Code Audit, XODE Blockchain got a 91.91 Category Score, putting it in the Top 10% percentile.
For the Fundamental Category, XODE scored 87.81, still keeping XODE in the Top 10% percentile. XODE also received its KYC Gold Verified badge on June 12, 2024.
In the Operational Category, XODE scored 79.23, putting XODE in the Top 25% percentile.
In the Community Category, XODE scored 88.13, putting XODE in the Top 40% percentile.
What is CertiK and why is it a big deal?
Audits play a crucial role in safeguarding the security and stability of blockchain projects. CertiK is the industry leader. Founded in 2018 by professors of Columbia and Yale, CertiK is a pioneer in blockchain security, utilizing best-in-class Formal Verification and AI technology to secure and monitor blockchains, smart contracts, and Web3 apps.
The team of expert auditors at CertiK brings a wealth of experience, having completed audits on over 3,500 projects, uncovered over 60,000 findings, and secured over $300 billion of assets. The auditing process at CertiK is thorough, as their experts meticulously examine a project’s design, architecture, and source code to identify any vulnerabilities or weaknesses.
What’s next for XODE Blockchain?
“We are very pleased with the outcome of the CertiK audit,” says XODE Founder Gene Son. An “AA” score is very impressive, ranking us in the Top 19! The best of course is a triple “A,” which is our next goal,” he adds.
“The next step would be to establish the XODE DAO and upgrade our runtime to include OpenGov and a shift to the Proof-of-Stake consensus mechanism,” XODE co-founder Harold Glenn Minerva chimes in. “Once we do those two things, an “AAA” is not far behind! And triple-A is gold!”
In this season of Olympic medals, XODE Blockchain is going for the gold! Visit https://xode.net for more details.
