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HomeNewsEnhanced Security Ahead: Chainlink Partners with Cyfrin for Top-notch Audits

Enhanced Security Ahead: Chainlink Partners with Cyfrin for Top-notch Audits

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  • Through rigorous public and private audits, Cyfrin and Chainlink Labs have cooperated to improve security for Chainlink’s BUILD and SCALE initiatives.
  • The partnership and market volatility are congruent; larger market dynamics are reflected in the notable price swings of Chainlink’s LINK token.

The main contributor to the decentralized oracle network, Chainlink Labs and Cyfrin have established a strategic partnership. Through this partnership, Chainlink’s BUILD and SCALE ecosystem projects will have stronger security frameworks, providing users and developers with strong protection in the blockchain community.

Partnership to Strengthen Blockchain Security 

Cyfrin is a 2023 startup that provides top-notch security audits, contests, tools, and learning materials to the blockchain industry.

Members of Chainlink BUILD and Chainlink SCALE will be able to access both public and private smart contract and protocol audits thanks to the company’s partnership with Chainlink Labs, which will offer crucial security services.

The importance of security in blockchain development was highlighted by Chainlink Labs’ Head of Sales, Peter Hubert, who said:

“Security isn’t a nice-to-have—it’s a necessity when it comes to building onchain applications.”

In order to better support the security of Chainlink BUILD and SCALE projects through improved access to top-notch public and private audits, we are thrilled to form a strategic alliance with Cyfrin.

All-Inclusive Security Solutions from Cyfrin

The Cyfrin ecosystem has a number of platforms and technologies at its disposal to improve blockchain security, including:

  • Cyfrin CodeHawks: This platform conducts competitive audits by renowned auditors and the Cyfrin community to safeguard protocols, users, and funds.
  • Cyfrin Updraft: is a free educational platform offering over 70 hours of project-based smart contract development and security courses, led by leading blockchain engineers and researchers.
  • Solodit: is a resource that allows users to learn from and review over 8,000 security findings from leading smart contract auditing firms, consolidating vulnerabilities, bounties, contests, and other security-related information.

These programs are a component of Cyfrin’s goal to improve decentralized application security and dependability by introducing state-of-the-art security techniques into the blockchain ecosystem.

In response to this development, co-founder and CTO of Cyfrin, Alex Roan, stated:

“Chainlink’s unrelenting focus on building secure infrastructure has established the platform as the industry standard—the same security-first mindset is prevalent at Cyfrin. We’re excited to establish a strategic alliance with Chainlink Labs to support Chainlink BUILD and SCALE members…”

Effect on the Market and Wider Integrations

This partnership news comes amid erratic market circumstances for Chainlink’s native token, LINK, which is presently trading at about $13.16, down 2.74% over the last day and 24.74% over the previous week, according to CoinGecko data.

On the other hand, as previously reported by ETHNews, DinariGlobal—a leader in fintech and blockchain solutions—integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable seamless cross-chain transfers of USD+, the interest-bearing stablecoin of Dinari—between the Ethereum and Arbitrum One networks.

This integration serves as further evidence of Chainlink’s growing importance and usefulness in a variety of blockchain applications.

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Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
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