Binance Labs Invested in 3 Blockchain Projects this Month
Binance Labs, the social impact fund and an initiative to digital currency exchanging stage Binance, began October with three noteworthy moves that advance the headway of blockchain innovation. Three blockchain startups have been backed by Binance Labs, and these are CertiK, Contentos, and Oasis Labs. These firms help Binance Labs to achieve their main goal of enabling best blockchain activities to clear up the issues that count maximum to the ecosystem like content creation and dissemination, security, and protection, etc. On Oct 8, Binance Labs declared that it had invested several million dollars in a blockchain cybersecurity company, CertiK. CertiK centers on the smart contract and blockchain auditing and they expect to make better security in these kinds of stages. It uses formal verification technology to scientifically guarantee the most elevated amount of security in smart contracts and blockchain environments. To put it plainly, the formal verification innovation revamps into blockchain applications and changes the software code into numerical proofs, and undisputable computations.