CENTAUR FINANCE, Confidence and Security
CENTAUR FINANCE https://cntr.finance/ is designed in order to take a key position in the cryptocurrency revolution and break all traditional ways in which Centralized Finances do things. It is amazing the level of success this project has reached in every step of its road map but this only can be reached when there are efficient people in charge of projects. The project team is shaped by people with high knowledge and great expertise in blockchain, cryptocurrency, centralized and decentralized finance. They are developers, software engineers, financial experts and market analysts who have been working to build and give a great product to all users of the platform focusing on safety and security.
I focus safety as part of my writing for Centaur Finance in this article because it is very important security tests and Audits a project can execute in order to provide peace of mind to users and more important to companies because part of CENTAUR FINANCE features are targeted to be used by companies and institutions. HALBORN SECURITY is an elite blockchain cybersecurity firm that specializes in advanced pen testing and security audits of Layer 1 blockchain protocols. This company has executed several Audits for CENTAUR FINANCE specifically in CENTAURSWAP. The scope of the audit was technical risks, assessment of vulnerabilities, economic and oracle attacks. Users can find all related information in the following article https://medium.com/centaur/centaur-audit-report-summary-f978fa1db11
Let’s see some concepts and results found through all Audits process.
• Technical Audit
This test is made on the software in order to verify that its code works exactly as it should be. All errors found in this test were of low risk so the threat level is insignificant.
• Economic Audit
This test is deeper and it goes beyond experts can found so codes here are analyzed in order to find hidden attack vectors. It is an offensive penetration testing method and the majority of errors found here were of low risk. Two potential risks were found here. The first was liquidity a loss exposure and this is the reason why CENTAUR FINANCE decided to add a combination of a timelock and multisig contracts to its codebase. The second was a threat on the usage of Oracle and it comes from the fact that CENTAUR FINANCE uses Chainlink oracles so it is prone to receive oracle attacks but as Chainlink has a strong security protocol; it reduces the possibility to receive oracle attacks.
• TimeLock Audit
This feature also was analyzed and there weren’t found any major threats.
It is important to say here that through all the process of audits no major threats were found in the smart contract that supports Centaur Swap so we can conclude that CENTAUR FINANCE worries about community and companies and the way this platform can provide them security, peace of mind and confidence is by providing a whole auditoring in which they can certify the most high standards of performance and discipline in its codes and strategies. This talks very good of the team behind CENTAUR FINANCE because trust is something very valuable and they want to earn the trust of people and companies by building a secure ecosystem prepared with all necessary to satisfy the likes of crypto-enthusiasts, institutions and companies.
With https://cntr.finance/ I think we have found a point that represents the perfect balance between blockchain, DeFi technologies and CeFi technologies. We have an ecosystem with an incredible functionality for people and industries because it focus its performance on trying to solve current problems faced today when working with cryptocurrencies and at the same time this ecosystem tries to create the perfect environment for people and industries in order they can have a place in the digital finances of this part of the history we are running now.
https://cntr.finance/
https://docs.cntr.finance/
https://t.me/OfficialCentaur
https://medium.com/centaur
https://twitter.com/OfficialCentaur