Code4rena recently announced a strategic partnership with Chainlink Labs, the developers behind the Chainlink decentralized computing platform. This alliance aims to support the growth of 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
Improved security with Code4rena x Chainlink BUILD and SCALE
In 2021, Code4rena introduced an innovative solution to Web3 security challenges with its competitive audit platform. This platform brings together hundreds of reviewers to review project code, using a unique open audit model that rewards reviewers based on the rarity and severity of identified bugs. With over 7,700 registered reviewers, Code4rena ensures comprehensive, on-demand reviews of project code, benefiting from the expertise of the best individual, team and company reviewers.
The Chainlink BUILD program supports early-stage startups within the Chainlink ecosystem, while Chainlink SCALE accelerates smart contract innovation in blockchains and layer 2 networks by covering operational costs such as transaction gas fees for Chainlink Oracle Networks. Through this collaboration, Code4rena will offer consulting services and educational content to assist developers in implementing innovative solutions securely using Chainlink’s technology.
Code4rena and Chainlink Labs have a history of collaboration, with Code4rena having conducted comprehensive audits of Chainlink itself, including the CCIP protocol, on multiple occasions. Leveraging this experience, the alliance aims to accelerate project implementation without compromising security.
Promoting smart contract security with Code4rena and Chainlink Labs
Ada Vaughan, head of growth at Code4rena, highlighted the importance of smart contract security in Web3 development. You have stated that smart contract security is a non-negotiable aspect of building in Web3. Vaughan said the strategic alliance with Chainlink Labs helps Code4rena encourage more Web3 projects to understand the importance of smart contract security and supports Chainlink BUILD.
Oliver Birch, Global Head of BUILD at Chainlink Labs, echoed this sentiment and expressed excitement in providing greater support to Chainlink BUILD projects and SCALE partners through the Code4rena platform. He said Code4rena has a proven track record of providing vital audits of projects in the ecosystem. Birch expressed excitement at being able to provide greater support to Chainlink BUILD projects and SCALE partners through the Code4rena platform.
This strategic alliance between Code4rena and Chainlink Labs represents a significant step forward in advancing smart contract security and fostering innovation within the Chainlink ecosystem. As the collaboration develops, developers and stakeholders can expect better support and resources to navigate the evolving landscape of Web3 development.
