zkSync is very pleased and takes great pride in making its official announcement of Code4rena, having completed successfully auditing their newly launched Baby Alpha. They had joined forces for the same and zkSync’s smart contracts. Where Code4rena is concerned, its entire aim and focus are to effectively tackle all of the issues closely related to the ultimate safety and security of the DeFi platforms. They can successfully achieve this by making suitable improvements to the groups of expert security-related researchers and experts on smart contracts. It happens to be sponsors like zkSync who are instrumental in building prize pools to grab the auditors’ attention for properly reviewing their code.
Auditors, who also happen to be known as Wardens, carry out the auditing of code to prevent all kinds of threats concerning the DeFi ecosystem. It happens to be the role of the Judges who take the decisions related to the extremity, validity, and degree of what the Wardens can identify and find. In this very way, audit competitions are carried out in a gamified type with the ultimate offering of rewards to the concerned Wardens and Judges for their valuable inputs and the sponsors, such as zkSync.
Where zkSync is concerned, it is an open-source Layer 2 blockchain that helps rub out Ethereum’s expensive gas fees, limitations to upgrades, tone, and performance-related performance-related tales, with the proper utilization of zero-knowledge proofs. zkSync has actually been created by a team of expert cryptographers and engineers.
The purpose was to bring out all of the capabilities of blockchain technology to the forefront and simultaneously upgrade the core values of Ethereum. Where safety and security are concerned, it happens to be the primary focus of the zkSync team. Therefore, they took on board Code4rena and their services in auditing their about-to-be-launched Baby Alpha.
The risk factors, according to them, had to be at a bare minimum. Through this audit exercise, both of the entities were able to make certain that the overall functioning of Baby Alpha was just as expected. Any discrepancies identified will be adequately addressed before it is officially launched.