Today’s world has entered the bottom of the technology cycle, the top of the financial cycle, and the edge of the collapse of the international order. The new crown epidemic has raided us, pierced the global asset bubble, penetrated the oil price, and is breaking the global order, bringing more uncertainty.
Humans use the power of the free market to fight against the uncertainties of the forces of nature, but the uncertainties of the market are counterproductive to mankind. At present, the uncertainty of the power of nature is deeply entangled with the uncertainty of the market, making the world anxious. We urgently need a new order that can turn the tide in the chaos, and we urgently need to lead the way out of the wild.
In the real world, the best manifestation of value is assets. Real estate, stocks, bonds, and copyrights are all assets. These assets are currently not truly integrated with the Internet, and there are no “real assets” on the Internet. To give a simple example, UserA transmits his real estate certificate to UserB via the Internet, but UserB can only obtain one picture, and no real estate value transfer will occur.
To deal with the development dilemma of the Internet of Value, the simplest idea is to transfer assets to the parallel world of the Internet, and achieve efficient transfer of real assets in the network. It can be understood as “asset online”, but due to problems such as the difficulty of asset identification, this The idea is obviously not valid. At this time, the blessing of blockchain technology may be able to bring some new ideas to the transfer of assets.
The nascent Web 3.0 needs to introduce exciting new technology configurations and incentive mechanisms, and the digital world and the physical world need to be cross-linked in multiple directions. How to build a link between the two worlds has become an obstacle to the progress of the world. Use technology to break the fragmented reality, so that every time, every kind of link has value. There is only one way forward, which is to make the impossible possible.
Wok uses technology to combine DEFI+NFT+wokswap to allow multi-chain cross-interaction, which broadens unlimited possibilities for the realization of WEB3.0. Wok allows everything to be interconnected, and links create value. Establish a new perspective, subversive, a new solution for blockchain finance.
The Wok token issuance module code has been audited by a third-party professional service organization.
Code audit and audit process
The preliminary audit was conducted between February 15, 2020 and March 1, 2021, and was in charge of senior security engineers Jay chen and Alex.
The sole purpose of the audit is to verify Wok’s implementation of the issuance module. The main mechanism of this module is to allow whitelisted entities (that is, issuers) to control the minting and burning of assets against the specifications provided.
The third-party organization has conducted a series of thorough security assessments with the goal of helping WOK protect its users by discovering and fixing known vulnerabilities that may lead to unauthorized access, financial losses, cascading failures, and/or other vulnerabilities. In addition to each security discovery, recommendations on repair and mitigation methods were also provided to the team. The third-party organization has conducted a series of thorough security assessments with the goal of helping WOK protect its users by discovering and fixing known vulnerabilities that may lead to unauthorized access, financial losses, cascading failures, and/or other vulnerabilities. In addition to each security discovery, recommendations on repair and mitigation methods were also provided to the team.
In-depth investigations of problematic smart contracts include static analysis and manual review techniques. The audit process focused on the following issues:
1. Test the system against common and uncommon attack vectors.
2. Evaluate the code base to ensure compliance with current best practices and industry standards.
3. Ensure that the system logic meets the customer’s specifications and intentions.
4. Cross-compare the system structure and implementation with similar systems made by industry leaders.
5. Through the manual audit of the entire code base line by line.
Wok started staking liquidity mining through TRX, and launched JUSTSWAP to start the Wok/TRX mining pool, adding new vitality to the TRON ecosystem. It is expected that the first application DAPP will start Wok pledge mining in mid-March.
Wok establishes a new perspective, subversive, a new solution for blockchain finance. Inject new vitality into the TRON ecosystem, lead the emergence of the TRON ecosystem in 2021, and provide new interactive solutions for the members of the TRON ecosystem.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.