Trustlessness is one of web3’s foundational doctrines. It means that decentralized systems have no entity that users must trust for the system to function correctly. While most people do not have the technical expertise to perform their own audit of a system, CertiK can help by verifying if a web3 project is worth trusting.
CertiK’s KYC Leaderboard is a powerful tool designed to help you navigate this rapidly evolving landscape. It gives you a comprehensive look at CertiK-verified Web3 teams and their KYC verification status, helping you to make better-informed decisions.
Certik’s KYC or Know your Customer verification increases trust while reducing the risk of fraud. Projects that earn a KYC badge demonstrate their commitment to their project. Certik’s Code Auditing involves the line-by-line inspection of a smart contract. Combining this with formal verification, Certik is able to calculate all possible values for all variables in a contract. A trustworthy project will adopt post-deployment measures to ensure that its platform functions safely. Certik’s Skynet, is an on-chain monitoring tool that uses AI to scan contract code using our database of vulnerabilities. Web3 projects that have enabled Skynet, will have their Skynet Trust Score displayed on their project’s entry on the Security Leaderboard. This provides users with a simple way to gauge a project’s overall security. Certik’s Security Suite, makes it easy for projects to demonstrate their commitment to transparency, while making the results freely available to all users. To learn more about what makes a web3 project worth trusting, visit certik.com/resources.
