Security
Transparency is the key to true Decentralisation
The crypto market is filled with scams, last year (2021) scammers stole around 14 billion dollars worth of funds. Since Chatter Finance treasury will hold a significant amount of funds, our first and foremost priority is security. As a result, we are implementing all security measures to minimize and mitigate the security risk posed by external as well as internal sources. We will be implementing the following security measures:
A MultiSignature Authentication System, or multi-sig for short, is an innovative signature process where any smart contract execution needs approvals from multiple people. This will prevent from rogue individuals altering the Chatter Finance contracts and/or withdrawing funds. This will also prevent in case one of wallet is compromised/lost.
The Treasury contract, and any other contracts that hold user funds will be protected with a 5/7 multi-sig, which means that for every transaction or contract change, at least 5 signatures are needed. The signatories will include team members, advisors, and community representatives.
We plan on getting all Chatter Finance smart contracts audited by top-tier firms, before launching on mainnet.
Last modified 9mo ago