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DVP Launched An Automated Smart Contract Auditor Designed for White Hats

Published

3 years ago

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The growing number of security breaches and various fraudulent activities has sent a wake-up call across the blockchain industry, and it has triggered concerns of all the investors and developers alike. DeFi or Decentralized Finance being in a nascent stage, security is still one of the biggest factors to take into account. DVP, an international community of White Hats, recently launched an automated smart contract auditor which would help white hats to detect security loopholes and mitigate the potential risks a in advance. The developers maintained that the tool is especially designed for White Hats and also added that it is designed to protect the interests of vendors and investors alike.

According to the developers, the tool will effectively help the vendors locate defects and vulnerabilities in smart contract codes within the shortest possible time, thereby saving time and energy of the White Hats to a great extent. This will in turn help improve the efficiency of DVP platform auditors.

Earlier in June 2021, DVP reached a strategic partnership with Soteria, which is a robust insurance platform developed on the Binance Smart Chain(BSC), to collaboratively ensure the security of sensitive user information and assets and to bolster the warning mechanism for defects and vulnerabilities.

At a recent press conference, DVP developers stated that their aim is to develop a multifunctional platform from a single-function platform by utilizing the rich and combined experience of the White Hats within the community and launching the Smart Contract Audit tool is just a step in that direction. The community has more than 15,000 White Hat professionals and caters to 42 vendors, and another 2029 vendors with related services.

The DVP Platform can be used for developing multi-chain security information, including but not limited to blockchain browsers, graphical display, asset circulation, address tracking, and block broadcasting to create an integrated information platform for the entire blockchain industry.

DVP has also plans to develop multi-platform scalable tools to enhance security infrastructure. The developers stated that they will conduct analysis on each layer of the blockchain business, contract and network to finalize a one-stop event library according to various security situation, which supports the security rating of various projects and technologies. The inherent characteristics of historical security breach events will also be analyzed in order to set up a warning mechanism for the industry security situation and to form a third-party security evaluation agency.

DVP Smart Contract Auditor is a source code audit tool. The audit tool, which supports multiple languages, enables white hats’ judgement on the validity of vulnerabilities with Semantic Analysis. The tool is almost independent of the environment.

DVP developers claimed that although the tool has been specifically designed and developed for professionals, it is quite easy to use. White Hats only need to paste the target contract code to fetch the analysis report, which would give them a clear picture of the possible defects in the contract. These defects might include integer overflow, vulnerabilities in specific compiler versions, and excessive permissions. Consequently, the efficiency of white hat audits on smart contracts gets enhanced by a few notches, which helps relevant DeFi vendors to gain time and opportunities to safeguard the security of the assets of their users well in advance.

Since 2019. DVP has been increasing its focus on the blockchain industry, and the community is committed to the development of vulnerability and security audit platforms, as it wants to develop and strengthen cooperation between White Hats and vendors. In the wake of the security breach events, the community has embraced the mission of fastening the “seat belt” so as to aid in the healthy and comprehensive development of the blockchain industry and all other related industries. The community is committed to roll out more security platforms in the near future.

The international community of White Hat information security professionals uses the blockchain technology and token-incentive schemes and endeavors to develop an anonymous security crowd-testing community, while following the core concepts of vulnerability such as mining and creating a decentralized information security platform, so as to safeguard the digital information industry. The community is also active on various social media channels, including but not limited to Twitter, Telegram, Kakao, and Medium.

While traditional security service products and services can be used for automatic scrutiny of security loopholes, they have their limitations in terms of applicability. The Automated Smart Contract Auditor, according to the DVP developers, was designed based on the attacker’s logic. This helps them in enhancing the loophole warning mechanism and in responding to emergencies faster than ever before. The Automated Smart Contract Auditor, along with the bevy of solutions developed by the community, will help in improving the overall security of the blockchain industry.

To know more, visit https://dvpnet.io/

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

16 hours ago

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November 23, 2024

By

DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

16 hours ago

on

November 23, 2024

By

DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

16 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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