Chorus One Launches TON Pool Dapp Following Successful Smart Contract Audit By Spearbit
The post Chorus One Launches TON Pool Dapp Following Successful Smart Contract Audit By Spearbit appeared on BitcoinEthereumNews.com. The TON Pool Dapp will make Toncoin staking even easier and more accessible to all investors. The security audit by Spearbit enhanced the security of TON Pool, which offers non-custodial setup and ISO 27001 certification. The TON Pool has a total value locked (TVL) of 10.7 million Toncoins worth more than $31 million. Chorus One, a veteran in institutional-grade staking for more than 60 Proof-of-Stake (PoS) blockchain networks, announced that its TON Pool has registered palpable growth. Launched during the fourth quarter of 2024, the TON Pool has amassed more than 10.7 million Toncoin units in total value locked (TVL), which are worth around $31 million. The Chorus One team has prioritized security to reassure customers’ experience, especially institutions staking TON coins for their users. Furthermore, the blockchain technology is still in its infancy stage, with on-chain analysis suggesting the existence of bad actors globally. Chorus One Partners With Spearbit to Audit TON Pool Chorus One collaborated with Spearbit, a leading web3 security firm that partnered with Cantina, a web3 security company. The Spearbit and Cantina team thoroughly analyzed the TON Pool smart contracts to ensure risk-free institutional staking for the Chorus One customers. Following the strategic audit of the TON Pool, the Spearbit team found that the smart contract has two dreaded vulnerabilities. The first vulnerability was the pool locking error, which could lead to inconsistent contract state. The pool locking error if not addressed could have resulted in TON Pool users’ funds being inaccessible for lifetime. The other critical risk identified in the Chorus One’s TON Pool by the Spearbit team was pool draining error. The pool draining error could be exploited by an attacker, thus putting users’ funds at risk of being siphoned. “Both of these issues have been mitigated in the Chorus One’s TON Pool. These…
The post Chorus One Launches TON Pool Dapp Following Successful Smart Contract Audit By Spearbit appeared on BitcoinEthereumNews.com.
The TON Pool Dapp will make Toncoin staking even easier and more accessible to all investors. The security audit by Spearbit enhanced the security of TON Pool, which offers non-custodial setup and ISO 27001 certification. The TON Pool has a total value locked (TVL) of 10.7 million Toncoins worth more than $31 million. Chorus One, a veteran in institutional-grade staking for more than 60 Proof-of-Stake (PoS) blockchain networks, announced that its TON Pool has registered palpable growth. Launched during the fourth quarter of 2024, the TON Pool has amassed more than 10.7 million Toncoin units in total value locked (TVL), which are worth around $31 million. The Chorus One team has prioritized security to reassure customers’ experience, especially institutions staking TON coins for their users. Furthermore, the blockchain technology is still in its infancy stage, with on-chain analysis suggesting the existence of bad actors globally. Chorus One Partners With Spearbit to Audit TON Pool Chorus One collaborated with Spearbit, a leading web3 security firm that partnered with Cantina, a web3 security company. The Spearbit and Cantina team thoroughly analyzed the TON Pool smart contracts to ensure risk-free institutional staking for the Chorus One customers. Following the strategic audit of the TON Pool, the Spearbit team found that the smart contract has two dreaded vulnerabilities. The first vulnerability was the pool locking error, which could lead to inconsistent contract state. The pool locking error if not addressed could have resulted in TON Pool users’ funds being inaccessible for lifetime. The other critical risk identified in the Chorus One’s TON Pool by the Spearbit team was pool draining error. The pool draining error could be exploited by an attacker, thus putting users’ funds at risk of being siphoned. “Both of these issues have been mitigated in the Chorus One’s TON Pool. These…
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