Auditors Becoming Validators? Here Is What Is Happening in Institutional Crypto
For much of crypto's history, security firms generally watched developments from the sidelines.
It doesn't mean they weren't involved in the development and deployment of new systems. They did their part, albeit passively. They helped audit the code, flag potential vulnerabilities, and publish the reports. But then they stepped back, choosing not to live in the house they helped build.
The approach makes sense in the conventional sense, as they are third-party auditors, because if they had any skin in the game, their independent judgment could be compromised. They helped establish and protect the line that differentiated them from blockchain developers. That line is now being redrawn, though not erased.
CertiK, a widely renowned Web3 auditor, has taken on a new kind of role with the XDC Network, and it's worth understanding what that role actually is, and isn't.
The household name in blockchain has just become an Institutional Masternode...
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