Shiba Inu (SHIB), a well-known cryptocurrency project, is
ranked as the second most safe cryptocurrency by CertiK, a top security-focused
platform. SHIB is currently just behind Polygon, the scaling solution for
Ethereum developed in India.
The absence of any of the prominent crypto projects from the
top 10 highscores is even more shocking.
According to statistics from CertiK, Shiba Inu earned a respectable 93% on the trust score. With a 95% trust rating, Polygon is in the lead. SHIB has additionally received three honorary certificates from CertiK. The top 10% watch lists and trust scores are among the badges. SHIB is ranked above other market leaders, including Aave, The Sandbox, Decentraland, and PancakeSwap.
The Trust Score delivers the simplicity users need to make informed decisions 💯
— CertiK Security Leaderboard (@CertiKCommunity) October 17, 2022
What are the most trusted projects on the Leaderboard?
Check them out for yourself 👇👀https://t.co/9M7bmVSd7H#SHIB #KAVA #PolygonNetwork #sandbox and more! pic.twitter.com/1QAXEdazTd
Shiba Inu also received a market and community score of 95/100.
The project has a pretty high social sentiment score, coming in at 77/100.
Shiba Inus have already excelled on CertiK's leaderboard, so
this is not unprecedented. The most secure cryptocurrency project at the time
was ShibaSwap, a DEx (decentralised exchange) from SHIB.
Why are Shiba Inus safe?
SHIB transformed into one of the most secured cryptocurrency
projects thanks in part to factors that CertiK identified. According to the
security architecture, SHIB is comparatively decentralised, which means that
authority is not concentrated within the control of a select few. The project
is stable thanks to SHIB's strong market valuation, which is in the top 25%. The
project has been around for a while and offers bug bounties.
ShibaSwap had its final audit on August 8, 2021, according to
CertiK. Thirty-three of the 34 results were solved, one of which was partially
solved.
In addition to being among the most secure cryptocurrency
projects, Shiba Inu has a number of launches planned for 2022. Shiba Eternity,
the project's collectible card game, was just made available. Shibburn, the project's
burn gateway, and SHIB: The Metaverse, its foray into the metaverse, were both
released earlier this year. Shibarium, the project's second layer, is also
almost ready to launch.
Security and launches haven't done much to increase SHIB's
price, though. SHIB was down 0.4% over the last 24 hours as of the time of
publication, trading at $0.00001032.
