Crypto: Binance's Project Shield Protects Users and Provides Access to Secure Projects
#crypto #security #binance #blockchain
Binance is the world’s leading blockchain ecosystem has introduced a new layer of user protection with the implementation of ‘Project Shield.’ BEP-20 and ERC-20 based projects listed on the Binance centralized exchange are audited in Project Shield. Fees for audits are covered by Binance, and this is the 1st time that a crypto exchange applied this kind of protection.
Project Shield is part of Binance’s ongoing efforts to protect users and provide access to secure projects, which include a thorough evaluation of potential projects against strict security, legal and regulatory compliance standards, as well as ongoing performance reviews for listed projects.
Binance’s security research and investigations program and user-accessible security tools are in place now.
The exchange is collaborating with CertiK and PeckShield to review project tokens that get listed on Binance centralized exchange including those listed on the Innovation Zone to protect users by providing a thorough security audit. At the end of Y 2021, CertiK and PeckShield audited about 150 project tokens.
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