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In a move aimed at fortifying the security of its ecosystem, Radix, a layer-1 smart contract platform, has partnered with Hacken, a trusted blockchain security auditor. Hacken will now take on the role of the primary security code auditor for projects operating on the Radix platform.
Radix, known for its full-stack capabilities and layer-1 smart contract platform, is a pioneering platform that allows developers and users to engage with Web3 and decentralized finance (DeFi) through decentralized applications (dapps). At the core of Radix’s offerings is its Scrypto programming language, which streamlines the creation and execution of smart contracts.
Enhancing security in the Radix ecosystem
Hacken brings to the table a team of over 60 cybersecurity experts and a thriving community of white hat hackers and security researchers. These experts are well-versed in the unique Scrypto programming language specific to the Radix network and have immersed themselves in the technical intricacies of the Radix execution environment, consensus algorithm, and the broader network ecosystem.
Piers Ridyard, the CEO of RDX Works, expressed his satisfaction with the collaboration, stating that they have been incredibly impressed with Hacken’s professional approach, deep technical competence, and comprehensive audit process. He also added that Radix, as a new technology stack with novel coding language and execution environment, demands thorough scrutiny.
This partnership is aimed at conducting thorough code audits that will serve to reinforce the security of the Radix ecosystem, particularly the various dapps operating on the platform. While it may not offer an absolute guarantee of security, the audits will undoubtedly enhance the robustness of these decentralized applications, instilling greater confidence among their users.
The price of the Radix (XRD) token surged briefly reaching a high of $0.0458 immediately after the partnership news broke but it had pulled back to $0.04414 at press time.
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