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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
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👉 https://www.gate.com/announcements/article/45695
BCH-Based Stablecoin Protocol Moria Passes Security Audit With Flying Colors
Moria, a BCH-based stablecoin issuance protocol, has been successfully audited by Hashlock, a Web3 security and smart contract auditing company. The audit found the code powering the stablecoin platform was “secure, logically ordered, and constructed with clear intent.”
BCH Stablecoin Issuance Protocol Moria Passes Security Audit
Moria, a BCH-based stablecoin issuance protocol, has passed a security audit to increase the safety standards of its operations. The platform, which receives Bitcoin Cash as collateral for the loan of MUSD, a 1:1 dollar-pegged stablecoin, opens a market for traders to access liquidity without losing access to their Bitcoin Cash tokens.
The audit, executed by Hashlock, a known Web3 security and smart contract auditing company, found that the platform had no security issues, opening its doors for more users to try and adopt it, given the higher security standards reached.
In a press report, Moria stated that Hashlock stressed the platform was secure, finding only a minor vulnerability that was resolved as part of the audit.
After reviewing Moria’s codebase, Hashlock concluded it “seems to have a sound and well-tested code base, now that our vulnerability findings have been resolved. Overall, most of the code is correctly ordered and follows industry best practices.”
With this new audit, Moria deepens its commitment to verifying the security of its platform. Dagur Valberg Johansson, a 10-year bitcoin veteran and co-founder of Riften Labs, the company behind Moria, has repeatedly criticized the current state of centralized stablecoins, stressing that the age of “trust-me-bro” stablecoins is over.
Halvor Bakke-Veiby, a rocket scientist and co-founder of Riften Labs, also highlighted the need for Moria and similar protocols as a way of safeguarding the health of the wider crypto ecosystem.
He stated:
Read more: Adaptive Blocksize Limit Algorithm Goes Live on Bitcoin Cash Network