To ensure maximum security for TIME token holders, we have decided to conduct multiple security audits by the best security researchers in the world.
Nikolai Mushegian is the CEO of DappHub and a well-known security researcher. He saved MakerDAO from the same fate as TheDAO and will review ChronoBank’s smart contract code. He will conduct a security audit of the TIME and LH tokens to ensure smart contracts can be safely released to the public.
Nikolai Mushegian rose to fame for his actions to prevent the catastrophic hack of MakerDAO, which was due to the withdrawal of tens of millions of dollars in ether from The DAO last year — leading to an ethereum blockchain hard fork and a This ideological schism led to a schism in the church.
“A few weeks before The DAO’s infamous hack, the DappHub team discovered the same recursive payment bug in Maker Market, an experimental decentralized exchange created by MakerDAO to securely sell its token MKR ,” explains Nikolai Mushegian. “We quickly started exploiting the bug ourselves and pulled all the ETH from the exchange. It was then returned to its rightful owner and the bug patched to avoid some kind of disaster. We were able to do this because we were clear code and a reasonable interface, which limited the attack surface we had to protect. Since then, we have had no issues with the live contracts we created for MakerDAO.”
DappHub is one of the oldest smart contract development companies in the Ethereum space, originally established to develop the MakerDAO stablecoin contract system. As a group with a deep understanding of the Ethereum smart contract ecosystem, they are a natural choice for those looking for code auditing. “Security is our top concern,” commented ChronoBank CEO Sergei Sergienko. “Our goal is to get our software to market and deploy it as quickly as possible, but we don’t sacrifice security. So we’re excited to work with DappHub to make sure there are no unexpected issues.” The audit is expected to take place at The crowdsale is completed at the end of the crowdsale and will continue until February 14th at 23:59 UTC.
“We have been at the forefront of innovation through our open source contributions, such as our command-line developer utility dapple and our composable smart contract framework dapsys,” Milenius continued. “We are proud of our strong commitment to security and deep understanding of the Ethereum Virtual Machine. Our core competencies are very much aligned with Chronobank’s goal of bringing a secure and usable instance of its TIME token to market, and we look forward to Work together for this.”