Blockchain
The AI-Based Smart Contract Audit Firm “Bunzz Audit” Has Officially Launched – Blockchain News, Opinion, TV and Jobs
Published
1 week agoon
By
adminSingapore, Singapre, April 9th, 2024, Chainwire
- Comprehensive security checks are now possible at only 10% of the traditional cost
- The price and report creation is 10 times faster and cheaper than traditional firms
- This firm optimized for projects that “want to audit contracts but have limited budgets” or “wish to conduct an initial audit during the development stage”
Bunzz, a Singapore-based web3×AI tech startup launches “Bunzz Audit,” an AI-driven smart contract auditing service offering fast, cost-effective audits with actionable insights for security improvements, scanning contracts from over 100 perspectives using AI and an extensive database.
Overcoming the Challenges of Traditional Smart Contract Audits in Blockchain Projects
Blockchain-related projects trade users’ assets on-chain, and the smart contracts governing this logic are at risk of being attacked. As a measure, “smart contract audits (Audit)” are conducted, but users of existing major audit firms face the following challenges:
- The cost of traditional audit firms is very high (from 10K to 1M of USD).
- Emphasis is placed on the “seal of approval” from major audit firms, making the original goal of “improving security” a mere formality.
- Engaging an audit firm can delay product launches or token listings due to the time taken for audits.
- The accuracy of reports and the cost of communication can be unstable depending on the audit firm’s personnel.
As an approach to solve these issues, Bunzz, the smart contract development infrastructure, has researched and developed an AI-based audit service, “Bunzz Audit.”
In the open beta version in January this year, Bunzz received a lot of positive feedback, and it has now officially launched “Bunzz Audit” as a formal version.
Product page: https://www.bunzz.dev/audit
The Significance of Using AI for Smart Contract Audits
The tasks performed by audit firms can broadly be classified as follows:
- Comparing clients’ contracts with previously identified vulnerability patterns to detect vulnerabilities.
- Detecting vulnerabilities derived from project-specific logic or operational inconsistencies.
For the first task, vulnerabilities in smart contracts are normally checked by humans reviewing the source code. However, due to variations in auditors’ knowledge of vulnerability patterns and their detection capabilities, oversights due to human error are a current issue.
In this regard, Bunzz Audit owns a database of previously discovered vulnerability patterns and adopts an auditing method that scans code from over 100 perspectives. This approach allows for comprehensive coverage and accurate, omission-free vulnerability identification, which is physically impossible for humans.
From the results obtained through research and development, Bunzz believes that for detecting vulnerability patterns as in the first task, a database + AI approach is more suitable than a human approach.
Regarding the second task of detecting vulnerabilities specific to a project’s logic, this is not addressed by the above approach but rather by professional auditors from the Bunzz Audit team (as an option). Clients can choose between two types of audits: one that only reviews the code and another comprehensive audit that includes both the code and the project-specific logic.
Bunzz are currently distributing a promotion code for Bunzz Audit
Currently, Bunzz is distributing a 10% discount promotion code for free. Using this code, audits are available for 1,791 USD. The fee remains constant regardless of the amount of source code or the level of vulnerabilities found, allowing for the highest level of ROI in the industry. Please give it a try.
Users can get their promotion code here: https://www.bunzz.dev/audit
About Bunzz
Bunzz is a leading company in Web3×LLM, operating Asia’s largest DApps development infrastructure. We develop and provide various Web3 infrastructures and services aimed at realizing “smart contracts as a public good.”
Shareholders: Arriba Studio, Coincheck Labs, DG Daiwa Ventures, gmjp, East Ventures, GMO AI &Web3, GREE Ventures, Hyperithm, Kotaro Tamura, Kazutaka Mori, mint, SPIRAL VENTURES, 01Booster Capital, Ceres
For more information: Bunzz Blog | Twitter(X) | Discord | Youtube | Linkedin | Luma
Bunzz Projects
Contact
Devrel Manager
Trust Oyafemi
Bunzz
info@bunzz.dev
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Blockchain
Announces $1,000,000 Creator and Community Member Grants & Bybit IDO – Blockchain News, Opinion, TV and Jobs
Published
1 day agoon
May 4, 2024By
adminZurich, Switzerland, May 3rd, 2024, Chainwire
Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community Member Grant Program. This initiative incentivizes both community creators and members for active engagement in the Galaxis ecosystem.
Galaxis, known for its partnerships with Mike Tyson, Steve Aoki, and the NBA, promotes the Web3 creator movement by offering a platform for creators to benefit from their work. The platform’s distinctive feature is its customizable membership cards. These cards do more than just act as digital tokens; they encourage community support by offering perks and access to physical and digital experiences. It’s worth noting that Galaxis has seen significant success, with over 32,000 ETH traded in secondary markets and over $9 million USD secured through the Galaxis Engines.
About Galaxis Community Creator Grants
Galaxis has pledged an impressive $1,000,000 in Creator and Community Member Grants with support from CoinMarketCap. This commitment is split between the Creator Grant Program and the Community Member Grant Program, each of which will be awarded with $500,000 over the next 12 months in return for their community engagement. The initiative encourages active community engagement and supports creators by offering monthly rewards based on membership tiers.
To kickstart this initiative, creators can launch their community membership cards for free on Galaxis, and community members can attain Full or VIP Member status by topping up their cards with GALAXIS tokens. The more a community grows and the higher the tier members choose, the more the creators earn. Both creators and community members can benefit from exclusive perks of their chosen membership tier.
“We are truly excited about the $1,000,000 Creator and Community Grants. Our mission has always been to support and empower creators. This initiative stands as a testament to that commitment, providing both the support and theplatform creators need to thrive,”Andras, CEO of Galaxis.
For more detailed information about the grant programs and how they work, please refer to the official Galaxis website.
Token Launch on Bybit
Galaxis, a leading platform for creators, is preparing for an exciting dual launch – both its token and platform are set to be unveiled. The first phase of the token launch is an Initial DEX Offering (IDO) on Bybit, which is set to commence on the 3rd of May. This success lays a strong foundation for the upcoming launch and the continued growth of the Galaxis ecosystem, reinforcing Galaxis’s position as a key player for creators.
For further details about the token launch and how to engage, users can visit the official Bybit website.
About Galaxis
Galaxis is a groundbreaking platform designed to empower creators and brands in the ever-evolving Web3 ecosystem. Leveraging the latest in blockchain technology, Galaxis provides a suite of tools and services to create, manage, and sell dynamic NFTs (Non-Fungible Tokens) with utility. These advanced NFTs go beyond traditional digital collectibles by offering real-world benefits and interactive features, allowing creators to engage with their communities in meaningful ways. From customizable smart contracts to integrated marketplaces, Galaxis is at the forefront of the NFT revolution, offering a decentralized and secure environment for creators to unleash their potential and for collectors to discover unique digital assets.
Contact
Andras K.
info@galaxis.xyz
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Blockchain
Bitbot’s Presale Passes $3M After AI Development Update – Blockchain News, Opinion, TV and Jobs
Published
3 days agoon
May 2, 2024By
adminLondon, United Kingdom, May 2nd, 2024, Chainwire
AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has hurtled into stage 12 of its short 15-stage presale due to end this quarter, at which point the BITBOT token will be unleashed upon the open market.
The Bitbot community now numbers over 140k, with 110k+ followers on X and a Telegram channel approaching 30k. Bitbot’s team hopes to convert a good portion of this into paying customers when the product launches this year.
The presale has been supported by Bitbot’s recent rebrand, which includes a new website with updated visuals and, most crucially, a spotlight on Bitbot’s AI features. Bitbot’s team is optimistic that investing in AI to boost its trading engine is one of the factors likely driving the heightened interest in the presale.
Bitbot is establishing its status as a game-changing project by offering the world’s first non-custodial Telegram trading platform, ensuring users’ funds only transfer once trades are complete. This is combined with an arsenal of AI trading weapons that give retail investors the firepower they need when competing against the institutions.
Bitbot (BITBOT) is available to buy on the official site.
Gem Scanner: merging AI with on-chain analysis
Powered by Bitbot’s proprietary AI, the Gem Scanner aims to uncover undervalued, low-cap tokens with the potential to achieve multi-digit rallies.
The Gem Scanner scours top data aggregators such as DEX Screener and Birdeye while combining social media feeds to make predictions based on both market data and audience sentiment.
This productivity-boosting tech eliminates the reliance on conducting hours of meticulous market analysis. It will typically appeal to retail traders and therefore help drive production adoption. With this offering, the team hopes to see Bitbot take market share away from key competitors Banana Gun and Maestro over the coming year.
AI and blockchain are on the rise
Tech stalwarts Google and Microsoft both enjoyed AI-driven stock price surges recently, with Reuters reporting spikes of 10% and 2%, respectively.
And with demand for AI features outstripping capacity to supply the market, the industry appears poised for sustained growth. This is supported by sector predictions, which lay out an expected compounded annual growth rate (CAGR) of 28.4% per year until 2030.
Blockchain offers a similar story, with a CAGR of 24% projected. AI crypto tokens are currently valued at just under $20 billion, with a daily trading volume of around $900 million, according to CoinGecko.
Bitbot has repositioned itself to meet this growing demand for AI in the crypto market by offering a range of advanced technologies.
Speaking on the decision to refocus efforts towards AI capabilities, Bitbot’s Technical Product Officer, Andrew Jacobs, said:
“Our mission has always been to give our users the tools that have enabled institutions to dominate financial markets, and the benefits our AI offers are the best equalizer we’ve seen on the market so far. Plus, AI positioning is currently generating great returns for many projects in the space, and we predict BITBOT holders will feel the benefit of this.”
Bitbot’s exciting market outlook
With its enhanced focus on AI, Bitbot is positioned to engage with the increasing interest in AI projects. The market has observed notable activity, such as the performance of BitTensor (TAO), an AI coin which experienced significant price changes, rising from $34 last year to $757 in March.
Within the Telegram bot sector, there is plenty of precedent for strong performance as well. Competitors like Banana Gun have experienced 200% rallies in just six months, and in early April, they saw 80x gains from early presale price. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.
About Bitbot
Bitbot is a new AI Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features, including sniping and copy trading.
Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.
For more information, users can visit the website.
Official Website | Whitepaper | Socials
Bitbot is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact
Bitbot Press Team
Bitbot
pr@bitbot.com
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Blockchain
AppLayer Unveils Fastest EVM Network and $1.5M Network Incentive Program – Blockchain News, Opinion, TV and Jobs
Published
3 days agoon
May 2, 2024By
adminPanama City, Panama, May 2nd, 2024, Chainwire
AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers.
AppLayer offers an EVM network that’s 10 times faster than standard Golang based EVM networks and an even more amazing 65 times execution speed boost with C++ stateful pre-compiles. Imagine having both the speediest EVM in the game and the best tools to build on it – that’s what AppLayer brings to the table!
The Game Changer: Stateful Pre-compiled Smart Contracts
AppLayer is not only a speed powerhouse but also allows for comprehensive composability with game-changing stateful pre-compiles that are a cornerstone of this release, offering an unmatched ability to process complex smart contracts at unprecedented speeds.
But what does this mean for everyday users and developers? It’s simple: AppLayer’s network brings the power of advanced blockchain technology right to the user’s fingertips. Developers can now create their own stateful pre-compiles as smart contracts with features and syntax that are identical to Solidity, but with the added turbo-charge of C++ performance.
The real excitement stems from the intricate workings of AppLayer’s network with these Stateful Pre-compiles. Solidity smart contracts no longer function in isolation but interact with and build upon these ultra-fast pre-compiles. This enhances the sophistication, power, and efficiency of blockchain applications, marking a significant shift in the landscape of decentralization.
The best part for developers is the ease of transition to this high-performance environment. AppLayer allows developers to effortlessly convert their existing Solidity code into C++ with nearly identical syntax, unlocking the potential for more complex and scalable dApps. This feature is especially vital for blockchain projects hitting performance limitations in traditional EVM environments.
AppLayer takes it further with rdPoS (random deterministic Proof of Stake) – a unique consensus mechanism that amplifies network security while ensuring ultra-efficient transaction processing. This ingenious combination of stateful pre-compiles and rdPoS turns AppLayer into a robust platform perfect for handling high-scale and intricate applications.
As Itamar Carvalho, CTO at AppLayer, stated at ETHDenver 2024, “AppLayer is not just an upgrade; it’s a revolution. We’re empowering developers to build without boundaries, pushing the limits of what’s possible in blockchain application development.”
AppLayer stands as a testament to innovation, redefining the standards of blockchain development and opening new horizons in the gaming sector, decentralized finance, and beyond. With its combination of speed, efficiency, and developer-friendly features, AppLayer is poised to become a leading force in the blockchain space.
Expanding EVM Horizons with the Testnet Launch
The next exciting phase for AppLayer is the deployment of its testnet, complete with a front-end user portal coming in June and up to $1.5 million in incentives available now. This stage invites developers to push the boundaries of their existing Solidity code into a more robust, scalable environment. The more unique and intricate the transactions, the greater the reward, fostering a creative and efficient ecosystem.
AppLayer is now inviting developers to participate in its incentivized testnet. With a unique rewards system based on user activity and creativity, AppLayer is fostering a vibrant and innovative developer community.
“We are excited to see what developers will build on AppLayer. This is an opportunity to reshape the landscape of blockchain applications,” said Carvalho.
The AppLayer testnet not only represents a pivotal moment for blockchain innovation but also a unique opportunity for both crypto enthusiasts and developers. Whether the user is looking to explore cutting-edge projects on the fastest EVM or the user is a developer eager to build on this revolutionary platform, AppLayer’s testnet is their gateway to opportunity and rewards.
Build on the AppLayer Testnet to Unlock Grants
Developers, on the other hand, are invited to bring their creativity and technical skills to the forefront. Build on AppLayer, the fastest EVM network, and receive $APPL token grants as recognition of the user’s innovative contributions.
With up to 100,000,000 $APPL tokens available for allocation to projects, the potential for reward is substantial. Additionally, for every $APPL token a project distributes to users, an equal amount is granted back to the project, forming a cycle of innovation and reward that continues through to the mainnet launch.
The most engaging and interacted-with projects may be eligible for additional allocations, incentivizing not just development but also user engagement. This is a testnet that rewards utilization and creativity, pushing for more unique and complex smart contracts.
For more information on the Grants Program and how to participate, users can fill out an application to get started and become a part of this transformative phase in blockchain development. Users can discover, build, and earn with AppLayer – where the future of blockchain is being shaped today.
About AppLayer:
AppLayer (formerly SparqNet) is a C++ based Ethereum scaling solution where developers can deploy Solidity smart contracts and C++ programmed stateful pre-compiles as smart contracts. In AppLayer, Solidity smart contracts are 10 times faster than those in Golang-based competing networks, and stateful pre-compiles are 65 times faster.
Website: https://applayer.com/
Twitter: https://twitter.com/AppLayerLabs
Discord: https://discord.gg/6dsUebskfA
Telegram: https://t.me/AppLayerLabs
Contact
CEO
Michael Weinrub
AppLayer
michael@applayer.com
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