CertiK Chain Incentivized Testnet Is Now Live

Originally published
July 15, 2020

CertiK Chain is now entering its final stage before mainnet: the Shentu Incentivized Testnet. After the successful launch of Full Testnet earlier this year, it’s vital that CertiK Chain undergoes real-world stress-testing before mainnet to ensure a stable and robust foundation for all users — that’s where you come in.

Join the Shentu Games: 1M CTK Security Stimulus

Starting today, you’ll also be able to participate in a series of challenges on the Shentu Incentivized Testnet in order to put the chain’s core functionality to the test and provide valuable insights on community activity & participation, all the while collecting points based on your participation levels and impact.

How to Earn CTK

Prior to joining the The Shentu Games, you will need to be verified as a valid participant with an active DeepWallet account.

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For updates and new information on The Shentu Games, make sure you are subscribed to our mailing list, following us on Twitter, and a member of the CertiK Foundation group on Telegram.

Have you created your DeepWallet account yet?

The points earned during this incentivized testnet phase will be redeemable for CTK once mainnet launches (conversion ratio to be announced at a later date).

CertiK Foundation aims to allocate up to 1 million CTK to the Shentu Incentivized Testnet to encourage network participation, reward users based on their participation, and promote collaboration of different actors in the ecosystem.

With the incentivized testnet, the community will provide opportunities to:

  • Stress-test the overall stability of the network to optimize performance;
  • Identify vulnerabilities and attack vectors;
  • Illustrate security best practices (e.g., in development, infrastructure);
  • Ensure each network participant’s incentives are well-aligned with their objectives;
  • Test protocol-level features and upgrades (particularly governance and delegation);
  • Establish communication/coordination channels and build relationships with node operators and network participants; and
  • Encourage community contribution.
If you want to join as a validator, check out this post.

If you are a self-driven, motivated individual who wants to help grow the CertiK Chain community? We need people like you to apply for the Ambassador Program!

Evolution of CertiK Chain Use Cases

The CertiK Chain began as a security-first blockchain built with cutting-edge technology and tooling for the community to use as they check for the correctness and security of active smart contracts. CTK tokens are used as a means of payment in order to execute these checks, fed into a proof engine to get the system started.

This use case opens the door for the CertiK Chain to be the bedrock of the most secure blockchain ecosystem, allowing mission-critical smart contracts — including those revolutionizing DeFi, identity, and IoT — to run securely, precisely, and correctly.. While the CertiK Chain infrastructure raises the standard of security within the CertiK blockchain ecosystem, our vision has always been to “Secure the Crypto World,” not just CertiK’s Crypto World.

To achieve that vision, we’re excited to share the evolution of CertiK Chain use cases, one aimed at growing outward, providing security across all protocols; and another aimed at growing inward, providing security throughout more stages of the blockchain user journey, including if hacks or code malfunctions occur:

  • CertiK Decentralized Security Oracles, providing mission-critical projects with security safeguards regardless of the network they’re published on
  • CertiKShield, which provides users with a reimbursement mechanism of lost assets due to hacks or code malfunctions

Securing the Crypto World

Because CertiK Chain is built with security in every layer, it’s inherently well-suited for critical dapps like DeFi that are built on-chain. However, true to our vision, we believe there’s more that can be done to provide ALL smart contracts with better security and safeguards, regardless of the network it’s published on. Instead of relying on a few centralized agencies, CertiK Chain will be used to host many security vendors and service providers in a truly decentralized way and form a security oracle for CertK Chain and other blockchains.

By using CertiK Chain as a de facto security oracle, developers and end users alike will be able to leverage the chain’s security features to not only check their smart contracts, but also to check other smart contracts for evidence of security and verification prior to calling its functions. This is particularly groundbreaking for security in DeFi, because by integrating smart contracts with the decentralized security system on CertiK Chain, transactions undergo a series of security checks before transactions are completed, thereby greatly reducing the chances of being hacked or exploited.

Rest Assured, Be Protected from Lost or Stolen Assets

Our newest security initiative, CertiKShield, has yet to hit the market. Audited blockchain projects, along with CertiK Chain users and holders of CTK, will be able to obtain additional protections in case improbable, yet detrimental events occur. The CertiKShield model will also present a unique staking opportunity for CertiK Chain users to earn even more CTK rewards in addition to the typical validator operator and delegator routes. Lots more exciting information to come — follow us to stay tuned and email us at bd@certik.org if you’re a blockchain project interested in learning more!

Now that CertiK Chain has reached the last phase of the public testnet, we’re calling on the community to ensure that it’s mainnet-ready. Next up, expect further details on The Shentu Games: 1M Security Stimulus, an updated technical roadmap, and more information on CertiKShield.

For all future updates, be sure to follow @certikorg on Twitter and signup for our mailing list.

Many thanks to the CertiK Chain community for your continued support! We’d love to hear your thoughts in our new Telegram group @certikfoundation!

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