Last December, Kephi Gallery launched providing thousands of new and existing digital artists their chance to enter the NFT world.
After successfully auditing the $KPHI token by RD Auditors, the smart contracts for the platform were sent to be audited by CertiK, market leader in blockchain security. This audit is designed to uncover issues and vulnerabilities in the source code of Kephi Gallery.
After a first round of corrections, none which were critical, our development team has made some important steps to finalize the audit.
The largest and most important change, which mitigates the only “major issue” encountered in the audit, was the addition of a multi-signature wallet as the default admin wallet for the platform. This means that 2 out of 6 wallet owners, all belonging to the core team, need to agree to confirm all changes in the platform, enhancing security to unauthorized access or exploits to company crypto.
They will be responsible for the management of Kephi’s smart contracts, and no movements of the company funds will be processed without their authorization.
This improved security feature has “mitigated all major security issues”, as was described in the full CertiK report.
Other modifications in the platform linked to the CertiK report responded to minor or informational changes only.
CertiK is the largest and most reliable blockchain security company. This billion-dollar company has conducted audits for the largest crypto projects today. Their audits are exhaustive. Different from the traditional testing approaches, CertiK attempts to mathematically prove blockchain ecosystems and smart contracts are hacker-resistant and bug-free. CertiK has conducted audit reports for over 250 projects, and now that also includes Kephi Gallery.
Certik is a security company looking to utilize topnotch formal verification technology in collaboration with some of the best cybersecurity experts to create end-to-end services. Certik claims that it has audited over 188,000 lines of codes and secured over $6.32 billion worth of assets. The team offers to mathematically validate the safety of smart contracts. Certik audited the smart contracts for several projects like Pancakeswap, Aave, and Polygon Matic.
Certik is officially a partner company of Binance and is supported by prominent investors, including Binance Labs, Lightspeed, Matrix Partners and DHVC.