Everstake, a big name in cryptocurrency staking, announced that its Ethereum staking service has passed a rigorous security audit by Trail of Bits. This audit focused on their system that lets people stake as little as 0.1 ETH, a much smaller amount than the usual 32 ETH needed.
A Deep Dive into Security
Trail of Bits, a leading cybersecurity firm, thoroughly examined Everstake’s smart contracts. They looked at everything from user authentication and access controls to the overall security of transactions and documentation. While some minor issues were found, Everstake quickly fixed most of them, including updating its documentation.
Why This Matters
This audit is a big deal because it confirms the security of Everstake’s system. This is especially important since their technology is used by other companies, like Trezor, a well-known hardware wallet provider, to offer staking services to their customers.
Matěj Žák, Trezor’s CEO, highlighted the importance of this audit, stating that it reinforces their commitment to secure and accessible staking within their platform.
Bohdan Opryshko, Everstake’s co-founder and COO, emphasized their commitment to both security and accessibility, viewing the audit as a significant step towards building a more secure Web3 ecosystem.
About the Players
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Everstake: A leading non-custodial staking provider offering services to both individual and institutional clients across numerous crypto networks. They pride themselves on providing secure, reliable staking solutions. Importantly, they stress that they do not offer investment advice or manage user funds.
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Trail of Bits: A highly respected cybersecurity firm known for its expertise in auditing blockchain technology and other complex systems.
The full audit report is available on Trail of Bits’ GitHub.
