Binance Labs has invested several millions in the smart contract audit platform

Binance Labs Blockchain Incubator has invested in a project to audit CertiK smart contracts. The exact amount of investment from the division of the leading bitcoin exchange is unknown. According to CoinDesk , we are talking about several million dollars.

Launched last year, startup CertiK is testing software codes for blockchain projects for vulnerabilities. To do this, the CertiK team uses a “multi-level decomposition approach, certified libraries of decentralized applications and“ smart labeling ”.”

“CertiK mathematically confirms the security of smart contracts, which is a critical pain point we face in the blockchain ecosystem, thus overcoming the limitations of manual testing, ” said Ella Zhang, head of Binance Labs.

Binance Labs has previously invested several million dollars in a decentralized digital content development project, Contentos.

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