SlowMist assists Huobi Eco-Chain and OKExChain to jointly maintain ecological security

Since 2020, the DeFi market has been prospering wildly. DEXs led by Uniswap and SushiSwap have developed particularly rapidly, stealing a large number of transactions from traditional exchanges. At the same time, the congestion of the Ethereum network and excessive gas fees have greatly affected the user experience . Based on the above reasons, as the world’s leading exchanges, Huobi and OKEx have laid out plans one after another, focusing on infrastructure construction, and successively launching exchange public chains to find new possibilities through transformation and increase exchanges. Ecological value.

On December 21, 2020, the Huobi Eco-Chain Heco mainnet was officially launched. Heco’s full name is “Huobi ECO Chain”, which is a decentralized, high-efficiency and energy-saving public chain and the first product launched by the Huobi Open Platform. It supports high-performance transactions and enables smart contract compatibility. Heco’s native digital asset is HT, which uses the HPoS consensus mechanism.

The main statement of the Huobi Eco-Chain is “Helping every stage of developer growth”. On December 21, Huobi DeFi Labs announced the establishment of the “Heco Fund (Heco Fund)”. The Heco Ecological Fund is used to support the development of Huobi Open Platform and Huobi Eco-chain projects and promote the prosperity of the Huobi Ecosystem. In the near future, the Heco Ecological Fund will focus on high-quality projects in the Huobi Eco-Chain such as DEX, lending, oracles, cross-chain solutions, stable currency exchange, and insurance. Recently, the Heco Ecological Alliance officially announced the list of the first batch of exchanges. Many exchanges joined the Heco Ecological Alliance to help the Heco Ecological Project.

Subsequently, on January 15, 2021, after three years, the OKExChain mainnet was officially launched. According to official information, OKExChain is the world’s first trading chain and a blockchain technology built specifically for transactions. OKExChain provides a safe and effective infrastructure for creating decentralized applications for seamless on-chain transactions of various assets in a cross-chain, value exchange ecosystem.

OKEx CEO Jay Hao said: “OKExChain’s vision is to build a decentralized, borderless transaction ecosystem that everyone in the world can efficiently use.” High-performance public chain, complete decentralization, community-driven, openness, The eight features of extreme compatibility, cross-platform, cross-chain gateway, and support for spot & derivative transactions will also be a strong support for OKExChain to realize this vision.”

It is understood that this time the SlowMist security team conducted a comprehensive security audit of Huobi ECO Chain, Huobi Wallet, browser plug-in wallets and related smart contracts. During the audit process, auditors found various types of security vulnerabilities. After feedback and correction, All found problems have been fixed.

In addition, the SlowMist security team received an audit application from the OKExChain team on May 24, 2019. The SlowMist security team adopts a strategy of “primarily black and gray, supplemented by white boxes”, in a way that is closest to real attacks , Conduct a comprehensive safety audit on the project. Audit items include, but are not limited to, code specification security audit, node RPC security, private key storage, creation file configuration, operating command parameter security audit, etc. The vulnerabilities found in this audit are all fixed in the corresponding version of OKExChain. A new round of audit will be conducted later.

As a blockchain security company, SlowMist has served many top or well-known projects around the world, including: cryptocurrency exchanges (such as Huobi, OKEx, Binance, etc.), cryptocurrency wallets (such as imToken, RenrenBit, MYKEY, etc.), smart contracts (such as TrueUSD, HUSD, OKUSD, etc.), DeFi projects (such as: 1inch, BlackHoleSwap, JUST, etc.), and underlying public chains (such as EOS, OKExChain, PlatON, etc.).

SlowMist believes that this in-depth cooperation with Heco and OKExChain will not only provide greater security for the underlying infrastructure, but also further promote the development of the DeFi ecosystem and jointly maintain ecological security.

About us

SlowMist Technology is a company focused on blockchain ecological security. It was founded in January 2018 and is headquartered in Xiamen. It was founded by a team with more than ten years of front-line network security attack-defense experiences, and the team members have created the security project with world-class influence. SlowMist Technology is already a top international blockchain security company, served many global well-known projects mainly through “the security solution that integrated the threat discovery and threat defense while tailored to local conditions,” including: cryptocurrency exchanges (such as Huobi, OKEx, Binance, etc.), cryptocurrency wallets (such as imToken, RenrenBit, MYKEY, etc.), smart contracts (such as TrueUSD, HUSD, OKUSD, etc.), DeFi projects (such as : JUST, BlackHoleSwap, DeFiBox, etc.), the underlying public chain (such as EOS, OKChain, PlatON, etc.), there are nearly a thousand commercial customers, customers distributed in more than a dozen major countries and regions.

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SlowMist is a Blockchain security firm established in 2018, providing services such as security audits, security consultants, red teaming, and more.

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SlowMist

SlowMist

SlowMist is a Blockchain security firm established in 2018, providing services such as security audits, security consultants, red teaming, and more.

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