Tuesday, May 28, 2024

According to the Blockchain security leaderboard, CertiK, Shiba Inu (SHIB) is the second safest cryptocurrency project. In addition, this crypto security research firm stated that Shiba Inu has a trust score of 93%.

Shiba Inu, an Ethereum scaling solution, sits closely behind Polygon on the CertiK security leaderboard. CertiK ranked the cryptocurrency ahead of Axie Infinity (AXS), ApeCoin (APE), Aave (AAVE), Decentraland (MANA), and PancakeSwap (Cake) in no particular order.

In addition to being ranked as the second-most secure cryptocurrency project by Certik, Shiba Inu also holds a Top 10% trust score and Top 10% watch ranking according to CertiK. It is important to remember that Shiba Inu already has a secure cryptocurrency project rating from CertiK.

Six months ago, Shiba Inu’s decentralized exchange ShibaSwap was rated as the second-most trustworthy cryptocurrency project by CertiK. ShibaSwap’s security rating was 95% at that time. The token is the most widely used cryptocurrency on CertiK’s security leaderboard, excluding Shiba Inu’s security.

Terra Luna Classic (LUNC) is just behind Shiba Inu in this particular ranking. CertiK is one of the most respected security firms across the crypto space. Since its inception, 3,328 crypto-related projects worth about $364 billion have been audited using the security architecture of CertiK.

The security analysis of cryptographic projects by CertiK is powered by the security intelligence platform Skynet. Recently, the firm completed the audit of Aptos, a PoS network that recently launched its mainnet.

Shiba Inu Expansion

With increasing exploits and scam rates in recent times, the relevance of security in the cryptocurrency sector is hugely important. Hackers, constantly seeking methods to exploit project loopholes, have stolen coins worth billions of dollars.

Shiba Inu is doing well by taking security seriously, which has allowed it to consistently rank in the top 10 most secure cryptocurrency projects, according to CertiK. Thus, increasing investors’ faith in the project and encouraging broad adoption of the asset class.

Some crypto experts are currently studying trends created by Shiba Inu over the past months. Many experts and investors believe that Shiba Inu’s price will keep rising in the coming years. However, many experts opine that Shiba Inu’s value can’t be worth 10 USD in the next five years.

Ira Lichi / Shutterstock.com

crypto & nft lover

Johnathan DoeCoin

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