The 2022 cryptocurrency market has been defined by the failure of numerous crypto projects, with various entities emerging as victims of the pessimistic atmosphere. As a result, there has been an increased demand for audits of current crypto projects’ many components, including security and finances.
The market has continued to draw new initiatives despite the negative circumstances in an effort to pique investor interest. A reputable smart contract auditing platform, CertiK, has published a list of recently evaluated new cryptocurrency projects, evaluated them as of December 30 on their trust scores.
Here are 5 new crypto projects with the highest audit trust score entering 2023:
CryptoUnity
CryptoUnity is a Slovenian start-up crypto project with its very own cryptocurrency, CUT. Their goal is to create an all-in-one mobile application where users can access all the tools that are needed to get started. The application will have several features, including a simplified exchange with a portfolio section, with an overview of all the user’s assets. Along with education, they also pay great attention to advising and customer support.
The team identity of CryptoUnity was confirmed, and the project’s trust score put it in the top quartile of all projects, per the security audit. With a trust score of 89, the cryptocurrency exchange platform comes in first.
Calimero Network
The audit gave the privacy-preserving initiative an audit score of 87 and noted that the network is largely decentralized.
Calimero is a customizable sidechain built on top of the NEAR protocol. It can be viewed as a network of networks. A solution for businesses to access privacy features and enable scaling. Calimero provides an infrastructure that shares all the best benefits of NEAR while being enhanced with multiple new features with an emphasis on privacy.
Fintoch
Fintoch is a diversified financial service platform that provides users with loans and lending. Its developed HyBriid Security Technology incorporates a number of sophisticated technologies such as “multiple signatures” and “zero-knowledge proof”, which can achieve truly decentralized supervision and automatic stop-loss when clearing conditions are met to ensure that users’ funds are free from any risk of loss.
The security audit gave the blockchain-based financial services platform an overall score of 87. The audit procedure, which found no obvious flaws in the project, also came to the conclusion that the ecosystem is fairly decentralized.
Core DAO
Auditors gave the Core DAO network an overall score of 86, noting that 25% of the identified security problems had been resolved as of publication.
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the history of the crypto ecosystem paired with an even greater excitement for Core’s role in its future.
FintruX Network
The Ethereum (ETH) blockchain-based DeFi project has an overall trust rating of 83.
FintruX Network is a company financing platform for underserved start-ups and SMEs powered by blockchain technology. Using a smart contract, their platform evaluates and helps businesses manage finances and establish a global credit reputation. Key partners include Microsoft, Amazon Web Services, and LexisNexis.
Despite achieving high trust scores, projects still have to continue to prove their development in the long run.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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