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CertiK: Everything you need to know

CTK

Source: Binance Research

Over the past couple of years, there have been many industries that have managed to enter the mainstream but, one such industry that has managed to make a name for itself and has been more than successful in catching the eye of many potential investors globally is the cryptocurrency industry. Not just that, the crypto world has had a surge in its overall growth and popularity recently, thus helping it to reach greater heights!

Having said that, I believe most of you are already familiar with the basics of the industry but, if for some reason that is still not the case, let me help you with that first.

Crypto is nothing but a blockchain-based platform that is decentralized to its very core. Being decentralized, the industry becomes more than capable of stepping outside the control and jurisdiction of central authorities and can work freely without any unnecessary government interference as well.

This digital asset of yours can also be made use of for a variety of purposes including the purchase and sale of goods and services as well as for the purpose of trade and exchange over cryptocurrency exchanges available online.

Since the industry has come so far, compared to when it all first started, unlike its initial phase, there are pools of currencies available today for you to choose from, with newer ones coming in with each passing day and tons of new investors joining in every hour.

Speaking of a lot of currencies available today in the marketplace, some of the most popular ones worth investing in includes Ethereum, Binance Coin, PancakeSwap, Polkadot, Bitcoin, EverGrow Coin, Cardano, Baby Doge as well as Dogecoin to name just a few of course.

CTK

Source: Medium

Also, it is worth noting that, some of the major contributing factors for this huge success of the industry include its ease of use, convince it offers, portability, intuitive nature, high-profit margins, negligible response time, real-time updates as well as the volatility of course.

Being volatile, it is important for you to be aware of the fact that, it is not always possible to predict the price changes and act accordingly as the price fluctuations in the crypto marketplace are almost immediate, thus leaving no time to plan. Therefore, whenever dealing in online currencies, keep in mind that, if the industry is providing you with an opportunity to earn huge profits and make quick money, if not done right, you could also end up having significantly huge losses as well.

Not just that, as per the chatter amongst some of the leading experts on the field, it has come to our notice that, crypto is rapidly progressing towards completely revolutionizing the global payment system and from where I stand, it looks like it has already started to do so as many merchants and businesses have started accepting crypto as an official mode of payment from their customers.

Now that you have a brief backstory about the crypto world, you will be able to have a much better understanding of what we have with us today, CertiK. To know more, I suggest you read further!

Everything to know about CertiK (CTK)

CTK

Source: CertiK

CertiK or as commonly referred to as CTK is nothing but an edge standards cybersecurity firm that is said to be entirely focused on improving the overall security and correctness of smart contracts as well as blockchain protocols on a global scale.

In other words, CertiK Chain is simply a security first, delegated proof of stake blockchain, that is made use of for trustworthy execution of mission-critical applications including non-fungible tokens (NFTs), decentralized finance (DeFi) as well as autonomous vehicles.

Not just that, CertiK Chain is known to prioritize across chain compatibility, built as a Cosmos Hub with full EVM as well as Hyperledger Burrow compatibility, while also being compatible with Ant Financial AntChain and eWASM.

In addition to this, across protocols, blockchain projects are said to receive security insights with the Security Oracle, which is responsible for providing real-time guards of on-chain transactions, thus helping to identify and flag a wide range of malicious vulnerabilities before they even occur.

Before moving on any further, it is worth noting that, recently CertiK Chain has been renamed to Shentu Chain. So, if you come across Shentu Chain, know that it is CertiK Chain only but with a new name that’s all. Also, the said project was founded by computer science professors hailing from Yale and Columbia University.

CTK

Source: Asia Blockchain Review

Not to mention, CTK is known to be the native utility token for the CertiK Chain and as a matter of fact, can be used for a variety of purposes on the platform itself like serving as the core utility for on-chain functionalities including operating the CertikSheild systems as well as Security Oracle, voting for governance decisions within the network as well as paying gas consumption of CertiK Chain (Shentu Chain).

Coming back to the topic, depending on the level of the security score, audited blockchain projects of any given protocol will be eligible for a CertiKShield membership or as now referred to as ShentuShield, which is a flexible and highly decentralized reimbursement system for any virtual currency asset that is irretrievably stolen or lost due to some security issues.

On a similar note, ShentuShield memberships are open to all community members of certain eligible blockchain projects, thus providing a safety net to holders of their virtual assets, just in case anything unexpected happens. Furthermore, natively, projects are able to code in DeepSEA, which is simply a hyper-secure programming language that is said to be supported by IBM, Ethereum Foundation as well as Qtum Foundation.

CTK

Source: Medium

Speaking of DeepSEA, you should probably be aware that, DeepSEA works directly with the Shentu Virtual Machine (SVM), which is known to be fully compatible with Ethereum Virtual Machine (EVM). Not just that, SVM is said to innovatively expose blockchain security information as well as smart contracts, thus enabling unprecedented ways to check, access as well as incorporate risk into the decisions of smart contracts.

As mentioned, leveraging a seasoned team of multi-skilled security auditors as well as engineers, CertiK aims to apply a plethora of high-level industry practices, helping to cover the entire spectrum of manual, static, as well as dynamic analyses to ensure each project is subject to a formal audit and is up-to-date with modern security standards while offering their services to the broader DLT community.

Lastly, over the past couple of years, CertiK has been able to service more than a hundred top-shelf blockchain as well as protocols of decentralized finance (DeFi), among other complex and custom smart contracts, including Tera, Blockstack, Binance, Bancor as well as Shapeshift to name a few of course.

Now that we have talked much about CertiK, some of you must be wondering, whether or not it is a good idea to invest in the platform? If that’s the case, then let’s find out, shall we?

Investing in CertiK (CTK)

CTK

Source: CoinJournal

As of today, the price of CertiK is about 1.19 US dollars with a twenty-four-hour trading volume of 23,481,755 dollars. Not just that, in just the past twenty-four hours, the value of CertiK has been up by 2.27 percent, and with the current market cap of 74,424,190 US dollars, CTK is currently placed at #430 position as per the CoinMarketCap rankings.

Also, it is worth mentioning that, the current circulating supply of CertiK is 62,609,225 CTK coins, but unfortunately the maximum lifetime supply of the token is not yet available. In just the past week alone, the price of the platform has fallen by 23.43 percent.

Reading so far, you must have gotten a fair understanding of the platform and by now, you should be able to figure out on your own whether or not investing in CertiK is the right thing for you to do. Seeing what it has to offer when combined with its performance in the recent past as well as its plans for the near future, I certainly believe that CertiK can prove to be a profitable investment in the near future, which is likely to provide you with higher returns and it is a possibility that your current investment may increase in value. But again, nothing can be said or sure!

CTK

Source: Nomics

If still not convinced, see it this way that, if say you buy CertiK worth a hundred dollars today, you will receive nearly 83.109 CTK. According to the analysis done by experts on the field, after five years of your investment, the return is expected to be about +180.13 percent and thus, your current hundred-dollar investment will be nearly 280.13 US dollars in 2026.

As mentioned at the very beginning, crypto is a highly volatile marketplace and is extremely uncertain. Thus, It is very important for you to understand the fact that just like any other currency in the crypto marketplace, CertiK does have its own risks as well and you should invest only if you are willing to take those risks and bear any and all losses if at all necessary.

If you are wondering, where can you buy CertiK? Let me help you with that. Currently, CertiK is available on all major crypto exchanges but, some of the popular exchanges that have CTK listed on them include Mandala Exchange, Binance, Gate.io, Bitrue as well as MEXC to name a few.  

In conclusion, what are your thoughts on CertiK? Do let us know in the comments area below. To know more about various cryptocurrencies, do check out other articles we have on our website. Thank you for your time & if you found our content informative, do share it with your investor friends!

Also read: Wrapped Bitcoin: Everything you need to know

 

 

 

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