GeroWallet’s Smart Contract External Audit by Tweag

In the spirit of further elevating the security and trust on our platform, GeroWallet is excited to announce Tweag will be performing a third party security audit on the Cardano smart contracts that MLabs has proudly developed. The smart contracts enable the utility era of the $GERO token by providing decentralized governance, native staking and unlocking of premium features within GeroWallet. Completing the audit brings the $GERO token one step closer to bridging to Cardano which will be the next step in our roadmap.

Tweag Software Innovation Lab is a firm that specializes in providing scaling solutions and improving productivity for clients in the biotech, fintech and autonomous driving industries. More importantly, the firm is highly specialized in Haskell and has also been heavily involved in the design of Cardano’s Smart Contract development language, Plutus.

Tweag will be manually inspecting GeroWallet’s smart contract code to detect vulnerabilities that can be exploited by bad actors and in turn compromise user assets. In addition, Tweag will perform quality control of the source code and try multiple exploit scenarios in an attempt to emulate malicious interaction with the contract.

The team at GeroWallet is highly confident in MLabs quality of work and secure coding standards. Nonetheless, the audit will give us an additional layer of reassurance that we are providing the best experience and in turn, keep your assets safe. Of the many auditing firms that we shortlisted, Tweag was commissioned because they were able to offer the expertise that best fit our needs. Their direct involvement in the development of Plutus makes them a domain authority and puts us in good hands. In addition to the audit, GeroWallet will be adding the smart contract to a bug bounty program for an extra layer of security.

The audit is scheduled to be completed in the month of February. Rest assured, we will announce the results of the audit once they are available.

About Tweag

Tweag is a software innovation lab that provides solutions for scaling and productivity to clients in the fintech, biotech and autonomous driving space. In the blockchain space, they are leading experts in Haskell and were directly involved in the development of Plutus, Cardano’s smart contract programming language. For more info about Tweag, please visit their website at https://www.tweag.io/

About GeroWallet

GeroWallet is Cardano’s first all-in-one decentralized finance (DeFi) wallet. GeroWallet is committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Gero promises to continuously strive to provide accessibility to all through an intuitive user experience.

Website | Telegram | Twitter | Medium | Youtube

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store