To bring credibility and genuineness to the domain of decentralized applications, Equilibrium has decided to get its project audit by Quantstamp. By doing so, Equilibrium will become the first project on the Polkadot ecosystem that will undergo the auditing process in a thoroughly professional manner. Quantstamp is one of the leading means in the domain of auditing, with many big clients being part of its kitty. And now, with further having the project in the space of Polkadot, Quantstamp will further bolster its credentials of providing highly professional and expert auditing services.
Using the Substrate modular structural framework of the Polkadot, Equilibrium has designed its blockchain in a completely customizable manner. The blockchain’s name is Parachain, and it will be connected to the Polkadot later in the future.
The defining aspect of this new blockchain is the electronic signatures whose use can be customized for claims and brokers who are off the chain. This specific feature hasn’t been available on the Polkadot and required a full-fledged audit to ensure that it works properly in a desirable manner. Additionally, custom settings related to each pallet will also require auditing for all the possible variations during the transaction process.
What goes under auditing?
All the key elements of the Equilibrium will undergo the audit process. Some of the prominent components that Quantstamp will specifically audit includes the coding process, modules of price and risk, and mechanics related to bailout procedures. This audit assumes prominence in the wake of the fact that the whole dependency of the blockchain’s runtime is hinged to the Substrate, and any bug in the process could severely hamper the whole system and mechanism.
Given the specialty of Quantstamp in the domain of decentralized finance, one can easily expect that this process conducted under its aegis will bring trustworthiness and believability to the Equilibrium. The Polkadot ecosystem will get its boost and encourage more developers to join the platform for a wider spread of decentralized applications.
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