Leading Web3 Firm OKX Wallet Extend Partnership with CertiK to Validate BRC-20 Token Contracts By CIOTechOutlook Team

Leading Web3 Firm OKX Wallet Extend Partnership with CertiK to Validate BRC-20 Token Contracts

CIOTechOutlook Team | Tuesday, 27 June 2023, 06:23 IST

By expanding its relationship with CertiK, a renowned Web3 security platform, OKX, a major Web3 technology company, has reinforced its commitment to security and transparency. The BRC-20 token contracts for OKX Wallet's contracts successfully passed CertiK's security audit, demonstrating the contracts' dependability and sturdiness. The first multi-chain wallet to offer trading on its Ordinals Market for BRC-20 and Bitcoin NFT is OKX Wallet.

Additional features are also coming, such as the capacity for OKX Wallet users to stake BRC-20 tokens and Bitcoin.In May, OKX and CertiK collaborated to make the OKX Web3 Earn DeFi aggregator aware of the Skynet security ranking system.

Through this collaboration, the security standing of the protocols incorporated into Web3 Earn is assessed using CertiK's Skynet security score. This agreement gives users greater confidence in their decisions and is consistent with OKX's objective to strengthen the security of the DeFi sector by assisting users in selecting liquidity pools and staking products based on their risk tolerance.

As a leader in blockchain security, CertiK uses top-tier AI technology to safeguard and keep an eye on smart contracts and blockchain protocols. The goal of CertiK, which was founded in 2018 by professors from Yale and Columbia universities, is to protect the web3 world. CertiK brings cutting-edge academic ideas to the business world, enabling mission-critical applications to scale safely and accurately.