New York, June 2023 — CertiK, a pioneer in blockchain and smart contract security, has completed a comprehensive security audit of OKX's BRC-20 token contracts. This milestone marks a significant advancement in integrating Ordinals into the Bitcoin blockchain, reinforcing OKX's commitment to decentralized Web3 infrastructure.
Key Developments in the OKX-CertiK Collaboration
1. Security Audit for BRC-20 Token Integration
CertiK’s audit ensures the safe deployment of BRC-20 tokens on OKX’s platform, enabling:
- Token trading: Purchase, sale, and transfer functionalities.
- Bitcoin NFT support: Enhanced trading capabilities for NFTs.
- User accessibility: Streamlined tools for managing new token standards.
👉 Explore OKX’s secure trading platform
2. OKX’s Vision for Decentralization
As the world’s second-largest crypto exchange by volume, OKX is prioritizing Bitcoin-based innovations to drive Web3 adoption. Their roadmap includes:
- BRC-20 index support: Expanding investment opportunities.
- Reserve-proof transparency: Monthly audits to ensure asset security.
3. Leadership Insights
- Jason Jiang, CertiK CB0: "This partnership accelerates our mission to enhance blockchain security and transparency."
- Jason Lau, OKX Chief Innovation Officer: "Integrating BRC-20 tokens responds to community demand while providing robust, user-friendly tools."
About CertiK
- Mission: Safeguard crypto ecosystems using formal verification, AI audits, and expert reviews.
Achievements:
- 4,000+ enterprise clients.
- $400B+ in secured digital assets.
- Funded by Sequoia Capital, Tiger Global, and Binance.
About OKX
- Web3 Innovations: OKX Wallet, DEX/NFT access, and DeFi integrations.
- Partnerships: Manchester City FC, McLaren F1, and F1 driver Daniel Ricciardo.
👉 Discover OKX’s Web3 solutions
FAQ Section
Q1: What are BRC-20 tokens?
A: They’re a Bitcoin-based token standard enabling fungible assets on the blockchain, similar to Ethereum’s ERC-20.
Q2: Why is CertiK’s audit critical?
A: It ensures smart contract security, preventing vulnerabilities and financial losses.
Q3: How does OKX support decentralization?
A: Through reserve-proof transparency and Bitcoin-centric innovations like BRC-20 indexing.
Q4: Can I trade NFTs on OKX?
A: Yes! The platform supports Bitcoin NFTs and future Ordinals-based assets.
Q5: Who invests in CertiK?
A: Top-tier firms like Sequoia Capital, Binance, and Coinbase Ventures.
Q6: Is OKX regulated?
A: OKX adheres to strict transparency standards, including monthly proof-of-reserve audits.