ConsenSys' Ethereum 2.0 Client Earns Top Marks Following Quantstamp Audit

ConsenSys' Ethereum 2.0 Client Earns Top Marks Following Quantstamp Audit

October 27, 2020

Key Takeaways

  • Quantstamp has audited Consensys’ ETH 2.0 client, Teku.
  • The firm says that Teku’s codebase is of the “highest quality.”
  • Ethereum 2.0 will begin to go live in November, though it will only offer stake depositing at that time.

Share this article

Quantstamp has completed its audit of Teku, an Ethereum 2.0 client developed by blockchain firm ConsenSys.

Quantstamp Completes ETH 2.0 Audit

Quantstamp reports that ConsenSys and several other client teams have spent “countless hours” collaborating with audit firms to ensure that their software works properly and securely.

The blockchain security firm adds that Consensys’ Teku team was “highly collaborative” and disclosed issues to Quantstamp throughout the audit process.

During the audit, Quantstamp investigated consensus rules, rewards, and penalties. It also resolved issues related to DOS attacks, desynchronization, and missing validation logic.

The firm now says that ConsenSys’ codebase is of the “highest quality.”

Quantstamp previously audited Prysmatic Labs’ Ethereum 2.0 client in July.

Other ETH 2.0 client teams have chosen other auditors. Lighthouse Labs has selected Trail of Bits, while Chainsafe has selected Least Authority, adding to the network’s overall security.

Eth 2.0 Will Launch Soon

Ethereum 2.0 will begin to go live in November. However, as Quantstamp notes, the full transition to proof-of-stake will take several years.

Next month only marks the launch of Ethereum’s deposit contract and “beacon chain,” which will allow users to stake their tokens on the network.

Though Ethereum 2.0 will not handle general transactions until a much later stage (Phase 2), it is critical that staked funds are secure. Ultimately, Ethereum’s entire market cap—worth $44 billion at the time of writing—must transition to the new network. And, in the mean time, it is necessary to keep staked funds secure.

As such, Quantstamp’s role in auditing Ethereum 2.0 clients is critical for the security of the network.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article