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Description
Sherlock operates as a blockchain security platform that provides thorough audits of smart contracts, utilizing a unique hybrid approach that merges expert evaluations with crowdsourced audit competitions to uncover vulnerabilities that conventional methods tend to overlook. This innovative system combines the meticulous examination performed by leading security specialists with the motivated involvement of the worldwide security community, ensuring that the code is scrutinized extensively under contest-based financial incentives. Upon concluding an audit, Sherlock offers optional smart contract coverage, which could result in payouts of up to $500,000 USDC for any overlooked flaws, effectively aligning the platform's interests with those of its clients. Additionally, the platform facilitates ongoing bug bounty programs that require a minimal deposit for each submission to minimize irrelevant reports, while expert triaging guarantees that only significant vulnerabilities are communicated to clients. To enhance the fairness and transparency of the claims process, an unbiased third party oversees it, fostering trust within the community and among users. This comprehensive approach not only enhances security but also encourages a collaborative effort in identifying and addressing potential threats.
Description
Truebit serves as an enhancement to blockchain technology, allowing smart contracts to execute intricate computations in conventional programming languages while minimizing gas expenses. Although smart contracts excel at handling minor computations with accuracy, they face significant security vulnerabilities when tasked with larger computations. To address this issue, Truebit introduces a trustless oracle that retrofits existing systems, ensuring the accurate execution of complex tasks. Smart contracts can submit their computation requests to this oracle in the format of WebAssembly bytecode, and in return, anonymous miners earn rewards for providing correct solutions. The protocol of the oracle upholds accuracy through two distinct layers: a unanimous consensus layer that permits anyone to challenge incorrect answers and an on-chain system that motivates engagement and guarantees equitable compensation for participants. The realization of these elements is achieved through an innovative blend of off-chain infrastructure and on-chain smart contracts, thereby enhancing the overall functionality and security of blockchain networks. This dual approach not only improves computational reliability but also fosters a more robust ecosystem for decentralized applications.
API Access
Has API
API Access
Has API
Integrations
Ethereum
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Sherlock
Founded
2021
Country
United States
Website
sherlock.xyz/
Vendor Details
Company Name
Truebit
Founded
2017
Website
truebit.io