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EXERCISE:
i. What Are The Differences Between Hyperverse And Open Source Libraries Auditing?
ii. Summarize in your own word in this forum below:
(NOTE: please, don't just copy past from other student - instead answer in your own word base on your level of understanding the lesson and resources)
NOTE:
This Is An Exercise From Our FREE COURSE:
Hyperverse 101 - [DECENTOLOGY HYPERVERSE PROGRAMMING COURSE 001]
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Some of the major differences between Hyperverse and Open Source Library Auditing is that the later following the conventional auditing method which involves:
Usually Open sources libraries are audited by private smart contract security firms which
- takes long time to execute
- too expensive so lot of open source smart contracts codes end up in the market without audit
Why
Hyperverse Auditing is public, community based and incentive driven
- faster because its not dependent on few smart contract experts security firms
- cheaper because the developer is not paying for the audit
- safer because the auditors will get their staked token (Money) slashed if smart modules users lost funds due to their auditing oversight.
So they do due diligence to ensure the smart modules are really secured and safe to use
- when it include pay per use, the auditors earn too for staking and auditing the smart modules
hyperverse:
cheapper compared to open source, faster and done by open community
Open Source Library Auditing:expensive, slow due to lack of man power and slower