IOTA EVM Scores Perfect 100 in Zokyo Code Audit Ahead of June Launch – Crypto News Flash

IOTA EVM Scores Perfect 100 in Zokyo Code Audit Ahead of June Launch

Bhushan AkolkarBy No CommentsJohn Kiguru edited by John Kiguru
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  • To ensure the new protocol’s security, the IOTA Foundation commissioned a comprehensive audit by the renowned security firm Zokyo, which awarded the IOTA EVM a perfect score of 100 points.
  • In preparation for the IOTA EVM launch, Safe has introduced a new MultiSignature Wallet.

The IOTA community is gearing up for the highly anticipated launch of the IOTA Ethereum Virtual Machine (EVM) in June. To ensure the robustness and security of this new protocol, the IOTA Foundation engaged Zokyo, a renowned security auditing firm, to conduct a comprehensive audit of the IOTA Smart Contracts (ISC) in March 2024.

Zokyo’s audit focused on identifying potential security vulnerabilities, as well as evaluating the business logic and technical risks associated with the contracts. The results were exemplary, with the IOTA EVM achieving a perfect score of 100 points, per the Crypto News Flash report.

The audit process involved a meticulous examination to ensure that the IOTA Smart Contracts Protocol adheres to best practices in code readability, is safeguarded against recent vulnerabilities, and employs methods secure from reentrancy attacks. Additionally, Zokyo assessed whether the contracts effectively implement and comply with existing standards, and whether they follow best practices to prevent unnecessary inefficiencies.

This security audit represents one of the final and most crucial steps in the preparation for the IOTA EVM launch. Zokyo’s audit revealed no Critical, High, Medium, or Low issues within the IOTA EVM. The only findings were 11 “Informational” issues, primarily related to the visibility declarations of specific constants or variables. After the IOTA smart contracts team addressed these issues, the IOTA EVM achieved a flawless score of 100 points.

The successful completion of this audit not only highlights the security and reliability of the IOTA EVM but also marks a significant milestone in its journey towards a smooth and secure launch in June.

Safe Introduces IOTA EVM Wallet

In anticipation of the IOTA Ethereum Virtual Machine (EVM) launch, Safe has unveiled a new MultiSignature Wallet specifically designed for the new protocol. This latest offering complements their previously released Shimmer EVM MultiSignature Wallet, per the Crypto News Flash report.

According to Safe’s recent update, the new wallet’s features have undergone extensive testing and are currently being utilized by multiple developers for bug-testing their decentralized applications (dApps).

Safe also announced that it has made significant progress in educating and training its teams on the key utilities and opportunities presented by the new EVM. This initiative aims to ensure a smooth transition and effective utilization of the new technology.

Additionally, Safe hinted at several upcoming initiatives tied to the IOTA EVM, indicating a proactive approach to supporting and enhancing the new ecosystem.

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This article is for informational purposes only and does not constitute investment advice. Read full disclaimer

Bhushan Akolkar

Bhushan Akolkar

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Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering. He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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