Hoard Receives Approval from BountyOne for Masternodes Smart Contract Security Audit and Prepares for Dapp Release

Hoard, an open source mobile wallet that combines peer-to-peer transactions in crypto and cash with a second layer solution connected to decentralized exchanges, selected BountyOne, a division of Blockgeeks Inc., to conduct a masternodes smart contract security audit. Based on a comprehensive review and unbiased feedback by experienced researchers, as well as improvements through the multi-stage audit, the Hoard masternode Dapp and smart contract has been approved for release. The process included five core steps:

1. Initial audit
2. Senior auditor review
3. Community-wide peer review
4. Hoard revisions
5. Final review

BountyOne statement

According to the BountyOne protocol, an initial audit was conducted by 10 separate auditors who had no biases and would lose Ether stakes for an unsatisfactory evaluation. There was an unrelated, randomly selected group of the most senior auditors who reviewed the initial findings. By the last audit, the community and initial stakers were rewarded for uncovering flaws and recommending improvements. These were reviewed by the Hoard team and implemented, resulting in approval and the following feedback from BountyOne:

We found the code under scrutiny to be elegant, robust, and secure. The contract’s features are implemented with a minimal amount of code, resulting in a reduced attack surface. Despite such minimalism, its well-thought-out design allows for a surprisingly large feature set. To the best of BountyOne’s researchers knowledge the code no longer contains any critical or severe weaknesses. Hoard took proper steps to implement all needed changes in a timely and efficient manner. Some changes were proposed to follow best practices and reduce potential attack surface which Hoard corrected.”

Masternodes Dapp release details

Hoard continues to focus on our mission: to empower anyone, anywhere in the world to hold, track, transfer and transact with any digital asset from their mobile device, privately and instantly. To do this effectively, we have crafted a strategy and roadmap with a variety of milestones.

On November 9, 2018, Hoard concluded a successful crowdsale by reaching the organization’s $2 million soft cap target. With that completed, we will soon release the first version of the official Hoard mobile wallet. In addition, we will be launching the Hoard Masternode Program and reward contracts on Friday, November 30, 2018, at 10am ET.

The Hoard masternode program powers the decentralized exchange protocol (codenamed “Smaug Network”). This open source program enables the Hoard community members to create their own exchanges. The masternodes also maintain the off-chain ledgers that represent user assets. The market matching masternodes set their own competitive rates and can take fees on the trades they make, while the order matching masternodes receive block rewards in the form of the $HOARD token. More information about the masternode program can be found at: https://masternode.hoard.com/

Our customer support team has also put together guidelines to begin staking your Hoard tokens in our masternodes with MetaMask.