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EXERCISE:
i. What Is Hyperverse Smart Module 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]
(If you have not enrolled yet, you can join the course totally for FREE).
Smart Module Auditing involves the process of verifying how secure and ready to use a "composable smart contract" known as "smart module" is before been listed in the Hyperverse marketplace for use by others to build their dApps.
Anyone can throw out composable smart contract on Web3 but with backdoors to exploit dApp users.
Hyperverse is aware and have solid plans to solve this and ensure only safe Smart modules makes it to the public marketplace so user have rest of mind using them.
The Hyperverse Smart Modules are:
- Audited by the community in a transparent yet integrity costly manner
- I call it putting your money where your mouth is method of Auditing
- Because each auditor must stake Hyperverse token (money) to proof they approve the smart module is safe for use
- PENALTY FOR BAD AUDITING:
When the auditor failed in doing their homework well, dApp users lost funds due to their audited and approved smart modules. They will lose a percentage of their staked tokens forever as penalty
-REWARD FOR GOOD AUDITING:
we will talk about this under Hyperverse Smart Modules Monetization
it is the process of verifying of smart modules to ascertain if it is capable of doing what it is stated to do passing through community verification before the end user will be able to use it