CertiK Ranks Shiba Inu (SHIB) Second As Most Secured Crypto Project

0
168
Shiba Inu is ranked as the second most secure cryptocurrency by CertiK.

A security leaderboard conducted by CertiK ranks Shiba Inu (SHIB) as the second most secure cryptocurrency project.

Shiba Inu received a 93% trust score from CertiK, a security research firm focused on the crypto, web3, and DeFi industries.

In the CertiK security Leaderboard, Shiba Inu is only second to Ethereum scaling solution Polygon. Among the other leading cryptocurrency projects are Aave (AAVE), ApeCoin (APE), Decentraland (MANA), PancakeSwap (Cake), and Axie Infinity (AXS).

Shiba Inu has three Certik honours, including the Top 10% trust score and Top 10% watch list, and is ranked as the second-most secure cryptocurrency project.

“The Trust Score delivers the simplicity users need to make informed decisions,” CertiK said in a recent tweet. 

Read article: SHIB/LUNA News: MasterCard to Serve as a Bridge for Banks to Provide Users Crypto Trading Options

It is worth noting that CertiK has previously rated Shiba Inu as a secure cryptocurrency project. CertiK ranked Shiba Inu’s decentralized exchange ShibaSwap as the second most secure cryptocurrency project in May 2022. ShibaSwap had a security score of 95% when this happened.

Apart from Shiba Inu’s security, the token is the most popular cryptocurrency on CertiK’s security Leaderboard. Terra Luna Classic (LUNC) closely follows Shiba Inu in the rankings.

Read: Shiba Inu (SHIB) Payroll Payments Will Be Supported By SAP SE (NYSE: SAP)

Security Analysis From CertiK

CertiK is among the leading security firm in the cryptocurrency industry. CertiK’s security architecture has been used to audit 3,328 crypto-related projects with a combined market capitalization of $364 billion since its inception.

Skynet, a security intelligence platform, powers CertiK’s crypto project security research. Aptos, a PoS network that recently launched its mainnet, was recently audited by the company.

Shiba Inu Safety is of Utmost Importance

Security is vital for the cryptocurrency industry because of the number of unfortunate incidents that have occurred in the past.

Cybercriminals have stolen billions of dollars worth of cryptocurrencies in the past few years using loopholes in projects.

Shiba Inu was ranked multiple times among CertiK’s ten most secure cryptocurrency projects because of its commitment to security. In turn, this would lead to widespread adoption of the asset class, which would increase investor confidence in the project.