Buy Bitcoin here
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook
    Twitter
    Telegram
    Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


Blockchain Companies Ethereum

Ethereum Trust Alliance – Improving Security And Minimizing Risks

Posted On February 5, 2020 Taha Zafar 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

Ethereum Trust Alliance – a consortium of security organizations (namely MythX, Quantstamp, Runtime Verification, Sooho, SmartDec and ConsenSys Diligence) launched on 03 Feb. The project’s official description is “a global coalition of professional security organizations brought together to increase trust in the Ethereum ecosystem”.

Today we are very proud to announce the formation of the Ethereum Trust Alliance (ETA)! Learn more about what we are building at https://t.co/UffkvjSpDz pic.twitter.com/fCvnHFvXNI— Ethereum Trust Alliance (@ethtrustorg) February 3, 2020

The alliance will create a new smart-contracts security ratings system by developing specifications, defining standards and building a platform for greater awareness and transparency. This will allows users and teams to understand the security risks associated with a smart contract as well as differentiate between smart contracts on the basis of security checks. Ethereum Trust Alliance is likely to soon function as the go-to official ratings agency such as Moody’s Investor Service is for the credit bonds.

Why Is The Ethereum Trust Alliance Necessary?

The Initial Coin Offering (ICO) boom of 2017 on Ethereum was plagued by scammers, low quality projects, smart contracts with security issues and vulnerabilities, code back doors and provision for further minting. A lot of teams, which didn’t even have a proper smart contract in place were able to raise a lot of money, which didn’t result in anything concrete. A lot of them pulled exit scams and were simply too ambitious or ill-equipped to meet the challenges. All of that could have been controlled to a large extent, had such a facility like a security rating system been available, at that time.

If Ethereum has to grow further, be trusted and used by people and companies for financial applications/other sensitive high value uses, then it has to provide accurate information, regarding risk to the platform users. As seen in the case of the DAO and the Parity hack, even minor mistakes in codes and resultant bugs can result in the loss of millions of dollars and major disruption of the ecosystem. The rapidly growing segment of decentralized finance dictates that it is more important than ever, to initiate such safeguards in the system, so new protocols can be developed and used with confidence.

What Comes Next For Ethereum Trust Alliance?

The Ethereum Trust Alliance has revealed the following roadmap for Q1 2020:

1. Rating level definitions and requirements
2. Security tools and auditor requirements
3. A process for the application and issuance of ratings badges
4. Specifications for the API and registry.
5. Community trials and testing of the API.

Ethereum Trust Alliance – Official Page

Going Forward With Ethereum 2.0

Ethereum is slated for a major upgrade in the coming years. The proposed upgrade Ethereum 2.0 will improve scalability, transaction speed and resource usage, on the network. It is highly imperative that such protocols and procedures are introduced now, so high quality projects can be filtered out and investors can make informed decisions.

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

It is super easy to buy Ethereum. Just take a look at our exchange comparison!

 

Trading Bitcoin is too complicated?

We highly recommend our Crypto-Starter-Kit to you! 

Or are you looking for the current Bitcoin Price in USD? Look no further!
Bitcoin Price, Ethereum Price, Ripple Price  

 

 

Follow us on Social Media and subscribe to our free crypto newsletter!

@Telegram
@Instagram
@Twitter 
@TikTok
@Facebook

Diskutiere mit uns!

About Trading @CT Trader
About Crypto in general @CT Inside

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#Blockchain Security#Ethereum 2.0#Moody Rating



You might also like

Blockchain Crypto Cryptocurrency Exchanges Ethereum

Bitfinex To Launch Trading For Beacon Chain Staked Ethereum 2.0 Tokens
January 21, 2021
Crypto Ethereum Ethereum TradingView

Ethereum Price is climbing FASTER than Bitcoin…reaching its previous ATH soon?
January 15, 2021
Bitcoin Bitcoin News Crypto Education Free Resources TradingView

Which Cryptocurrency Will Replace Bitcoin?
December 29, 2020

More from Blockchain Companies

Ethereum L2 Optimism Launch Draws Near As a16z Announces Major Investment
Posted On February 26, 2021 Taha Zafar 0

The long-awaited Optimism Layer-2 solution full-fledged mainnet launch is drawing closer for Mar ‘21, fast tracked by the recent a16z …

How To Stake Aavegotchi GHST Tokens On Polygon (Matic Network) L2 Gas-Free!
Posted On February 16, 2021 Taha Zafar 0

Aavegotchi is an Ethereum based NFT/DeFi intersection project, which allows users to farm rare collectibles by staking GHST tokens. The …

Chainlink And The Curious Tale Of The Missing 600,000,000 LINK Tokens
Posted On January 30, 2021 Taha Zafar 0

Chainlink is the premier and the most well known decentralized data oracles project, supplying smart contracts (especially those related to …

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit

    Top Exchanges

    Kraken
    Kraken
    Review
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media















    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends