Built on the mission to empower businesses with blockchain technology. ChainUp Group provides businesses a complete suite of blockchain solutions, including Web3 infrastructure solutions. Its solutions are easy-to-integrate, secure, and highly customizable for businesses both in the blockchain industry and traditional industries looking to leverage blockchain in this Web3 era.

The partnership marks a significant step in collaborative efforts to revolutionise the blockchain landscape. Given the strengths and competencies of Beosin and ChainUp, both companies will be delivering an expanded range of blockchain technology solutions and blockchain security technology for global users at scale.

About Beosin

Beosin is a Singapore based leading global blockchain security company co-founded by several professors from world-renowned universities. The team consists of 100+ security experts with 40+ PhDs. With the mission of “Securing Blockchain Ecosystem”, Beosin provides integrated blockchain security products and services to one million+ users in global blockchain ecosystem, including Smart Contract Audit, Blockchain Risk Monitoring & Alert, Crypto KYT&KYC, and Crypto Tracing.

Website | Twitter

About ChainUp

Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange solutions, NFT trading platform solution, wallet solutions, liquidity solutions, assets custody solutions and more. Headquartered in Singapore and with offices around the world. The company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users.

Website | Twitter

SOURCE: BEOSIN NEWS

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Project Overview

The project is an extensible framework for building Ethereum-compatible blockchain network, supporting Ethereum smart contracts and transactions, as well as asset conversion between multiple blockchain networks; the network implements the IBFT-PoS consensus mechanism to govern the entire project on a basis of token governance.

• Audit work duration: April 21, 2022 — Jun 15, 2022
• Audit methods: Formal Verification, Static Analysis, Typical Case Testing and Manual Review.
• Audit team: Beosin Technology Co. Ltd.

Audit Results

After auditing, 1 High risk, 3 Low risks and 2 Info items were identified in the Doge Chain project. The final audit results are available in the audit report.

View the report: https://beosin.com/audits/Doge%20Chain_202206151650.pdf

Audit Workflow

Beosin has conducted a comprehensive audit of the project, including basic modules such as JSON RPC interface, network nodes, transaction logic, transaction pools, virtual machines and consensus mechanisms, as well as the project’s Ethereum-compatibility, cross-chain asset security, system contract implementation and other unique features. The auditing workflow is mainly as follows:

I – Conduct preliminary source code review;

II – Use Beosin’s self-developed automatic smart contract formal verification platform — VaaS to conduct an in-depth detection of the contract codes in all aspects;

III – Practical deployment and validation via sandbox simulation;

IV – Manual line-by-line code review by security experts;

V – Complete the final audit report.

About Doge Chain

Dogechain is a new blockchain that is entirely built and designed to be completely community guided and owned. Dogechain superpowers Doge to bring crypto applications like NFTs, games, and DeFi to the Doge community.

WEBSITE | TWITTER

About Beosin

Beosin is a leading global Web 3.0 blockchain security brand co-founded by several professors from world-renowned universities. The team consists of 100+ security experts, including 40+ PhDs and postdocs.

With the mission of “Securing Web3.0 blockchain ecosystem”, Beosin provides integrated blockchain security services and products to serve 1 million+ users in the global blockchain ecosystem.

WEBSITE | TWITTER

SOURCE: MEDIUM

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Audit Results

After auditing, 4 Low-risk and 2 Info items were identified in the NFTAQ721 project. No Critical, High or Medium risk issues were found during the auditing process. The final audit results are available in the audit report.

Audit Workflow

Beosin has focused on the core security issues such as contract permission control, execution of business logic, and signature data replay during the audit process. The auditing workflow is mainly as follows:

1. Conduct preliminary source code review;
2. Use Beosin’s self-developed automatic smart contract formal verification platform — VaaS to conduct an in-depth detection of the contract codes in all aspects;
3. Practical deployment and validation via sandbox simulation;
4. Manual line-by-line code review by security experts;
5. Complete the final audit report.

About Alpha Quark

Alpha Quark deals with intellectual property based NFT and metaverse. Alpha Quark provides NFT marketplace and metaverse experience for users. So that Alpha Quark token can be used as utility token in the ecosystem.

The NFTAQ721 of Alpha Quark is a lending platform where users can pledge their NFTs to borrow BEP20 tokens. The signatures of both lender and borrower are required at the beginning of the loan. And the NFT pledged in the loan and the BEP20 of the loan need to be whitelisted by the NFTaq contract. After the verification is passed, the borrower’s NFT is pledged to the NFTaq contract, and the lender’s BEP20 is transferred to the borrower.

The NFTaq contract will mint the NFTAQ721 for the lender, and then the lender can transfer NFTAQ721 to other users to realize the creditor’s rights transfer. When the loan is not liquidated, the borrower needs to redeem the pledged NFT with the principal and interest of the corresponding BEP20 token. If the loan is not repaid beyond the loan period, everyone can liquidate the loan, transfer the NFT pledged in the contract to the owner of the NFTAQ721, and burn the NFTAQ721.

Website | Twitter

About Beosin

Beosin is a leading global Web 3.0 blockchain security brand co-founded by several professors from world-renowned universities. The team consists of 100+ security experts, including 40+ PhDs and postdocs. With the mission of “Securing Web3.0 blockchain ecosystem”, Beosin provides integrated blockchain security services and products to serve 1 million+ users in the global blockchain ecosystem.

Website | Twitter

SOURCE:

MEDIUM

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