Alchemint cooperation with Qihoo 360 for security
As a over collateral stablecoin issuance platform, user’s cryptocurrency will lock in the Alchemint’s smart contract, we design a complex but also secure smart contract, but how to ensure user’s asset is ultra safety? Our answer is:
Alchemint cooperation with Qihoo 360 for security.
With Qihoo 360 leading capability in cyber security, they will take the last check for Alchemint stablecoin issuance platform, ensure the smart contract will go smoothly after it launched.
About Qihoo 360
Qihoo 360 is one of the biggest Cyber Security company in China, Qihoo 360 have industry leading security technology team. Their product: 360 Internet Security, 360 Safeguard is widely installed in China.
With their strong technical ability and experienced cyber security background, Qihoo 360 have start involving blockchain security. On 29th May, 2018, Qihoo 360 explore “EOS Node Remote Code Execution Vulnerability”, after they discovered the bug, they report to EOS first, and help EOS to solve the bug.
Official website: https://360.com
Reaching security cooperation agreement
As a responsible blockchain project, in order to ensure the safety of the smart contract, Alchemint Foundation official cooperation with Qihoo 360 for blockchain security. Alchemint is the first project Qihoo 360 cooperated in the blockchain industry.
In the blockchain and cryptocurrency ecosystem, nodes, wallets, pools, exchanges, smart contracts are all vulnerable to hacker. Qihoo 360 already founded and report major bugs regarding to nodes, wallets, pools and smart contracts.
Qihoo 360 Relevant responsible person said, blockchain security receive wide attention recent years, because blockchain it’s anonymous and can’t be retreated, all the transaction is relate to people asset. We hope with this cooperation with Alchemint, Qihoo 360 can expand the business in Blockchain Security, enhance the security in blockchain together.
Alchemint Founder Elva said, Blockchain technology is premature and still evolving , during the process, it also showed some security problems. Currently, blockchian is mainly using in finance industry, and since it’s involving digital assets, the security is directly affect those holder’s profit. Alchemint as a financial service platform has made security a priority. With Qihoo 360’s security audit and supplement, Alchemint want the platform’s function more efficient and secure, exclude the security risks, provided better service for all the user.
“We believe only the product is useful and secure, it can bring the value to the user, so does blockchain technology.”
For this cooperation, Elva express Alchemint is honored to be the first blockchain project Qihoo 360 moves into. After Qihoo explore the EOS bug, Alchemint Foundation has keep an eye on the capability of Qihoo in Blockchain industry. Also, Qihoo 360 have a deep understanding of NEO, it facilitate the Alchemint decision to choose Qihoo 360 to do the code audit.
In the future, Qihoo will stay tuned on NEO blockchain and ensure the security for Alchemint smart contract, together, both parties empowering the entire blockchain technology industry.
Alchemint is a decentralized stablecoin issuance platform. The stablecoin is different than GUSD, USDT, PAX or TUSD. SDUSD is the stablecoin backed by over collateral digital assets. SDUSD don’t require KYC and AML, and don’t need to store the fiat in the bank, everyone can issuance SDUSD by using the Alchemint Stablecoin Issuance platform, and check the stablecoin status easily. SDUSD can exchange other cryptocurrency in exchange or redeem fiat by OTC.