There is a new trend in the world of cryptocurrency and altcoins : getting your coin vetted or verified by a third party. Several coins have gotten a Proof-of-Developer rating by CryptoAsian, while other coins ask top anonymity feature developers to check out their code and review it. However, there is an official platform to get your coin verified, and even certified. Have you heard of CryptoCertify?
CryptoCertify offers a wide variety of services, as not only do they verify the developer and their coding, but also the software product (called deployment). A very interesting take on reviewing coins, as we immediately get the full picture of a cryptocurrency.
The reviewing process offered by CryptoCertify can be divided into three different tiers, and “passing” each tier will award you with a star. The lowest rating, which is a 1 star rating (Certified Developer), means the developer(s) himself/themselves has/have been verified. This is comparable to how CryptoAsian conducts his Proof-of-Developer rating, but whereas this would award you with a 5+ rating on his site, it’ll only get you one third of the way on CryptoCertify.
Having the code of your altcoin verified, is not an easy task. Over the past years, we have seen developers trying to use a plethora of different loopholes to get hidden pre-mines in, or other shenanigans. CryptoCertify will track down these loopholes and act accordingly. However, if your cryptocurrency coding skills check out, you will receive another star to your rating (Certified Code).
Software testing is as equally important as the code itself. CryptoCertify will test all aspects of your software, and if deemed successful, you will receive the third and final star, called Certified Deployment. But there is more!
Software that passes Certified Deployment is digitally signed by CryptoCertify so that end users can see for themselves that the software and developers have passed this rigorous program of verification. One of the coins having an actual certification from CryptoCertify, is StealthCoin. I have attached the image in the gallery below this article so you can check it out for yourself.
In case you are interested in the exact requirements to achieve these ratings, the CryptoCertify folks sent them to me via e-mail, so I could include them in this article :
Developers must supply the following:
Legal Proof of Identity
1. Copy of government issued identification *and*
2. Any of
– Notarized proof of identity
– Copy of birth certificate
– Copy of passport
Brief Summary of Relevant Experience
1. Programming skills
2. Previous projects and roles in those projects
1. Certified Code must have a Certified Developer.
2. The Certified Developer must state what roles they have in the crypto-currency submitted for certification.
3. The Certified Developer must demonstrate exclusive control over the code repository, or all direct contributors to the repository must be Certified Developers.
4. Developers must submit
– The crypto-currency specifications (emission schedule, money supply, staking parameters).
– Repository commit identifier or source bundle for the code being certified.
1. The code, by inspection, must be free of any apparently malicious code
2. Have emission, money supply and staking characteristics that agree with the coin specifications, including no hidden premines or emission anomalies.
3. Be free of obvious security holes or exploits.
1. The deployment executables must be built by the CryptoCertify team.
2. The deployment must be crash-free during live testing.
3. The deployment must meet the coin specifications provided during code certification.
It is worth noting these digital certificates issued by CryptoCertify are recognized by some of the biggest companies in the world of technology such as Microsoft, Apple, and other major software vendors. The signature ensures the program doesn’t change between its digital certification and deployment to users (through an app store for example).
You might be wonder who runs the CryptoCertify service. A very good question, and one that I can answer rather easily. James Stroud and Russel Waters are the brains behind the operation, and these fine gentlemen have over 30 years of programming experience between them.
The awesome service provided by CryptoCertify comes at a price of course, although I have to say it is fairly cheap to get verified and certified considering the amount of working going into this process. Achieving Certified Developer comes free of charge, and the all-in-one package will only cost you 0.4 Bitcoin. If you want to achieve Certified Code and/or Certified Deployment without going through the entire process, those ranks will cost you 0.2 Bitcoin each.
All in all, I really like the services offered by CryptoCertify. We need to avoid scams and people losing hard earned money as much as possible, as they only give cryptocurrency and altcoins an even worse reputation. Services like CryptoCertify could become the new standard for developers and communities.
So far, only two coins have taken the test of getting verified and certified, and both coins passed. StealthCoin , as I mentioned earlier, and SonicScrewDriver.
CryptoCertify website : https://www.cryptocertify.com/