Back to the list

Code4rena and Chainlink Labs Establish Strategic Alliance to Support Chainlink BUILD

source-logo  blockchainreporter.net 11 March 2024 18:18, UTC

Code4rena has recently announced a strategic partnership with Chainlink Labs, the developers behind the decentralized computing platform Chainlink. This alliance aims to bolster the growth of both the Code4rena and Chainlink ecosystems. It will provide crucial support to Chainlink BUILD and Chainlink SCALE members through smart contract audits.

.@code4rena has established a strategic alliance with @chainlinklabs.

This collaboration helps support Chainlink BUILD and SCALE members in accessing smart contract audits on the Code4rena platform.https://t.co/xUxWCr0B1y

— Chainlink (@chainlink) March 11, 2024

Enhancing Security with Code4rena x Chainlink BUILD and SCALE

In 2021, Code4rena introduced a groundbreaking solution to the security challenges of Web3 with its competitive audit platform. This platform brings together hundreds of auditors to review project code, utilizing a unique open audit model that rewards auditors based on the rarity and severity of bugs they identify. With over 7,700 registered auditors, Code4rena ensures comprehensive and on-demand reviews of project code, benefiting from the expertise of top solo auditors, teams, and firms.

The Chainlink BUILD program supports early-stage startups within Chainlink’s ecosystem, while Chainlink SCALE accelerates smart contract innovation in blockchains and layer-2 networks by covering operating costs like transaction gas fees for Chainlink oracle networks. Through this collaboration, Code4rena will offer consultation services and educational content to assist developers in deploying innovative solutions safely using Chainlink’s technology.

Code4rena and Chainlink Labs have a history of collaboration, with Code4rena conducting comprehensive audits of Chainlink itself, including the CCIP protocol, on multiple occasions. Leveraging this expertise, the alliance aims to expedite project deployment without compromising security.

Promoting Smart Contract Security with Code4rena and Chainlink Labs

Ada Vaughan, Growth Head at Code4rena, emphasized the importance of smart contract security in Web3 development. She stated that smart contract security is a non-negotiable aspect of building in Web3. Vaughan mentioned that the strategic alliance with Chainlink Labs helps Code4rena encourage more Web3 projects to understand the significance of smart contract security and supports Chainlink BUILD.

Oliver Birch, Global Head of BUILD at Chainlink Labs, echoed this sentiment and expressed excitement about providing enhanced support to Chainlink BUILD projects and SCALE partners through the Code4rena platform. He mentioned that Code4rena has a proven track record of providing vital audits of projects in the ecosystem. Birch expressed enthusiasm about being able to give enhanced support to Chainlink BUILD projects and SCALE partners through the Code4rena platform.

This strategic alliance between Code4rena and Chainlink Labs signifies a significant step forward in promoting smart contract security and fostering innovation within the Chainlink ecosystem. As the collaboration unfolds, developers and stakeholders can expect improved support and resources to navigate the evolving landscape of Web3 development.