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        <title><![CDATA[Stories by ShellBoxes on Medium]]></title>
        <description><![CDATA[Stories by ShellBoxes on Medium]]></description>
        <link>https://medium.com/@shellboxes?source=rss-20f01143d4fa------2</link>
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            <title>Stories by ShellBoxes on Medium</title>
            <link>https://medium.com/@shellboxes?source=rss-20f01143d4fa------2</link>
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            <title><![CDATA[ShellBoxes Joins Forces With HackenProof to Secure the Crypto Space]]></title>
            <link>https://shellboxes.medium.com/shellboxes-joins-forces-with-hackenproof-to-secure-the-crypto-space-ce0a217f532?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/ce0a217f532</guid>
            <category><![CDATA[cybersecurity]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[nft]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[smart-contracts]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Wed, 30 Nov 2022 11:47:24 GMT</pubDate>
            <atom:updated>2022-11-30T11:47:24.937Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ZQMxpHqQXvwvsOzFvYT_aQ.png" /></figure><p>As the Crypto space evolves, attack surfaces and exploit scenarios continue to expand. With the same goal of keeping communities safe and secure, ShellBoxes has partnered with Hackenproof, the top Web3 bug bounty platform that provides:</p><p>- Multi-level access for team members<br>- Ability to divide and manage programs by projects<br>- Pay in your project native token, fiat, or stablecoin<br>- Enable integration with Telegram, Jira, etc.<br>- Triage services to manage your vulnerability reports<br>- Payments between you &amp; hackers are handled by HackenProof<br>- Ability to set up your personal severity methodology<br>- Personal statistics and analytics</p><p>With this in mind, ShellBoxes and HackenProof are attempting to provide communities with diverse security approaches and options so that every user can safely explore the space.</p><h3>About HackenProof</h3><p>HackenProof is the biggest Web3 bug bounty platform for CEXs &amp; Wallets, daily protecting over $28b in user funds.<br>With 5+ years of experience, HackenProof have become one of the leading platforms for Smart Contracts and Blockchain Protocols, with 30+ security professionals providing triage services and validating 50+ reports daily, and among 12K thousands of researchers get paid $842,200 for relevant, verified bug reports.</p><p><a href="https://www.linkedin.com/company/hackenproof/">LinkedIn</a>| <a href="https://twitter.com/hackenproof">Twitter</a>| <a href="https://hackenproof.com/">Website</a>| <a href="https://www.facebook.com/hackenproof">FaceBook</a></p><h3>About ShellBoxes</h3><p><a href="https://shellboxes.com/">ShellBoxes</a><strong> </strong>is the leader in the cybersecurity and blockchain industry, leveraging decades of combined professional experience in smart contract security and efficiency, as well as notable accomplishments in vulnerability analysis.</p><p>We provide blockchain security and development services, ranging from smart contracts development to Smart contracts and Dapps security audits.</p><p>To request the audit of your smart contracts, please email contact@shellboxes.com or visit<a href="https://audit.shellboxes.com/"> audit.shellboxes.com</a> to submit the request.</p><p><a href="https://twitter.com/ShellBoxes">Twitter</a> |<a href="https://t.me/ShellBoxes"> Telegram</a> | <a href="https://audit.shellboxes.com/">Website</a>| <a href="https://calendly.com/shellboxes/call">Book a call</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=ce0a217f532" width="1" height="1" alt="">]]></content:encoded>
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        <item>
            <title><![CDATA[Shellboxes has completed a security audit of Velvet Capital Protocol]]></title>
            <link>https://shellboxes.medium.com/shellboxes-has-completed-a-security-audit-of-velvet-capital-protocol-69cc39d726be?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/69cc39d726be</guid>
            <category><![CDATA[cybersecurity]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[blockchain-security]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Mon, 26 Sep 2022 20:11:57 GMT</pubDate>
            <atom:updated>2022-09-26T20:11:57.643Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*9Bx22q2yaokc1fpv87wShw.png" /></figure><p>Shellboxes has completed a security audit for Velvet Capital, a DeFi protocol that helps people &amp; institutions create tokenized index funds, portfolios &amp; other financial products with additional yield.</p><p>The protocol provides all the necessary infrastructure for financial product development being integrated with AMMs, Lending protocols and other DeFi primitives to give users a diverse asset management toolkit.</p><p>Velvet Capital selected Shellboxes as their official security partner to ensure the smart contract’s security in order to get ready for the launch and expansion of their worldwide offering. Velvet Capital selected Shellboxes as their security partner because it could expand with them and provide extensive and comprehensive product protection.</p><p><a href="https://audit.shellboxes.com/report.php?id=NKU750HSXU"><strong>Here to view the full report.</strong></a></p><p><strong>The Audit Process</strong></p><p>Velvet Capital’s team worked closely with Shellboxes’ team of skilled security engineers to complete the assessment. Velvet Capital’s BEP-20-based Smart Contracts and supporting paperwork were thoroughly examined, and the Audit Report was successfully produced in 6 working days.</p><p>The team concluded that Velvet Capital’s code was efficient and well-organized overall. Static analysis (Slither), Unit tests and manual review were all used during the audit. The following are some of the key points:</p><ul><li>Velvet Capital’s contract is straightforward and includes well-constructed test cases that are supported by documentation. Velvet Capital team’s professionalism and prompt feedback were valued by the Shellboxes team.</li><li>Velvet Capital’s smart contracts were tested against both common and uncommon attack vectors. While examining the design and implementation of Velvet Capital contract, the Shellboxes team discovered several issues of varying severity. Velvet Capital team addressed 20 issues raised in the initial report and implemented the necessary fixes, while classifying the rest as a risk with low-probability of occurrence.</li><li>In order to estimate possible market manipulations connected to Velvet Capital’s tokenized crypto portfolios, security experts from the Shellboxes team thoroughly examined Velvet Capital’s economic model. Velvet Capital’s protocols are theoretically robust, according to our report’s conclusion.</li></ul><p><strong>Shellboxes would like to congratulate the Velvet Capital team for passing the rigorous audit process.</strong></p><h3>About Velvet Capital</h3><p><a href="https://velvet.capital/">Velvet.Capital</a> is cross-chain DeFi Asset Management protocol that helps people &amp; institutions create index funds, portfolios, and other structured financial products in just a few clicks- as well as manage their portfolios on-chain.</p><p><a href="https://velvet.capital/">Velvet.Capital</a> is being built to make DeFi simpler, sleeker, and safer than ever before by helping users diversify across assets, ecosystems and yield farming solutions! They’re on a mission to bring financial independence — free of intermediaries and centralized parties- to the next billion crypto users &amp; become the #1 multi-chain platform to manage digital assets.</p><p><a href="https://twitter.com/Velvet_Capital">Twitter </a>| <a href="https://t.me/velvetcapital">Telegram </a>| <a href="https://velvet.capital">Website</a>| <a href="https://discord.gg/8yarHcZFAx">Discord</a>|<a href="https://calendly.com/a-koubri/quick_call"> </a><a href="https://medium.com/velvet-capital">Medium</a>| <a href="https://youtu.be/Kc7-0JNbK4s">Demo</a>|<a href="https://velvetcapital.notion.site/Creating-Portfolios-on-Velvet-f09d24afa56c4c0b8c907eaf31e5953c">White paper</a></p><p><strong>About ShellBoxes</strong></p><p><a href="https://shellboxes.com/">ShellBoxes</a><strong> </strong>is a leader in the cybersecurity and blockchain industry, with a team of experienced professionals who have exceptional achievement during their career.</p><p>We provide blockchain security and development services, ranging from smart contracts development to Smart contracts and Dapps security audits.</p><p>To request the audit of your smart contracts, please email contact@shellboxes.com or visit<a href="https://audit.shellboxes.com/"> audit.shellboxes.com</a> to submit the request.</p><p><a href="https://twitter.com/ShellBoxes">Twitter</a> |<a href="https://t.me/ShellBoxes"> Telegram</a> | <a href="https://audit.shellboxes.com/">Website</a>| <a href="https://calendly.com/shellboxes/call">Book a call</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=69cc39d726be" width="1" height="1" alt="">]]></content:encoded>
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        <item>
            <title><![CDATA[ShellBoxes and ColdStack Collaborate to Provide the Most Secure Web3 Storage]]></title>
            <link>https://shellboxes.medium.com/shellboxes-and-coldstack-collaborate-to-provide-the-most-secure-web3-storage-1c9b41b49776?source=rss-20f01143d4fa------2</link>
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            <category><![CDATA[cloud]]></category>
            <category><![CDATA[cybersecurity]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[cold-storage]]></category>
            <category><![CDATA[security]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Fri, 18 Mar 2022 18:10:51 GMT</pubDate>
            <atom:updated>2022-03-18T22:00:29.721Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*pcXmi9K8Ha8WztAnFasx-w.png" /></figure><p>It gives us great pleasure to announce that we have formed yet another significant partnership. This time with<a href="https://coldstack.io/"> ColdStack</a>, the first ever Decentralized Cloud Storage Aggregator.</p><p>In the light of recent security breaches and incidents, there is a never ending need to keep cybersecurity as the top of your priority in your guidelines and roadmap. To that end and to keep the community more secure, ColdStack with the same vision as us decided to add another layer of security to their existing architecture and that is by having ShellBoxes, provide continuous review and consultancy in regard to cybersecurity.</p><p>At the same time ShellBoxes, as a blockchain consulting firm, will start by integrating the ColdStack storage system in our Workflow and have it as our main data Storage which will help our organization become fully decentralized, and have our data safe and secure.</p><h3>About ColdStack</h3><p>ColdStack is the first project to offer a single entry point to any Web3 clouds such as Filecoin Arweave, and Storj, optimizing the final costs for consumers with our proprietary AI-based pipeline. Much like how Uber supplies clients with rides and deliveries from a huge pool of drivers, or how 1inch sources liquidity from a number of different exchange pools, ColdStack supplies its users with the most convenient and cost-effective way to access storage space from any Web3 cloud. ColdStack is the only way to easily store files, NFTs, videos and more across multiple decentralized storage networks, or to duplicate and store files on multiple Web3 clouds at the same time.</p><p><a href="https://twitter.com/coldstack_io">Twitter</a> |<a href="https://t.me/coldstackio"> Telegram</a> |<a href="https://coldstack.io"> Website</a>|<a href="https://medium.com/coldstack"> Medium</a></p><h3>About ShellBoxes</h3><p><a href="https://shellboxes.com/">ShellBoxes</a><strong> </strong>is a leader in the cybersecurity and blockchain industry, with a team of experiences professionals who have commendable achievement during their career.</p><p>We provide blockchain security and development services, ranging from regular Solidity smart contracts development to Smart contracts and Dapps security audits, and finally, our exclusive service cybersecurity consultant as a service where you are provided with a team of experts that will integrate and assist your Devs in regard to any security issue of the project.</p><p><a href="https://twitter.com/ShellBoxes">Twitter</a> |<a href="https://t.me/ShellBoxes"> Telegram</a> |<a href="https://shellboxes.com/"> Website</a>|<a href="https://calendly.com/a-koubri/quick_call"> Book a call</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=1c9b41b49776" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[NAOS Finance Engages ShellBoxes to provide an ongoing Security Analysis of Their DeFi Protocol]]></title>
            <link>https://shellboxes.medium.com/naos-finance-engages-shellboxes-to-provide-an-ongoing-security-analysis-of-their-defi-protocol-eae6eb6b84cd?source=rss-20f01143d4fa------2</link>
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            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Mon, 28 Feb 2022 15:25:33 GMT</pubDate>
            <atom:updated>2022-02-28T15:25:33.167Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*kU9YIb55QPr-Q8hqTNKPQw.png" /></figure><p>It gives us a great pleasure to announce that we have formed yet another significant partnership. This time with <a href="https://naos.finance">NAOS Finance</a>, a Coinbase Venture portfolio company that completed security audits by several security firms.</p><p>In the light of the recent security breaches, the DeFi industry begins to scrutinize the effectiveness of a one-time audit. In that regard and with the same vision of keeping the community safe and secure, Shellboxes will monitor NAOS Finance’s protocol security on an on-going basis, providing suggestions and feedback on best practices with the goal of enhancing and reinforcing the security of their Protocol.</p><h3>About NAOS Finance</h3><p><a href="https://naos.finance">NAOS Finance</a> is a decentralized real-world asset (RWA) lending protocol that facilitates the borrowing of crypto native assets by using RWA as collateral. NAOS has established a large network of corporate borrowers and is operating with financing licenses in multiple regions. In the effort of connecting CeFi with DeFi, NAOS takes an ecosystem approach and looks to engage in meaningful strategic partnerships to expand the boundary of decentralized finance.</p><p><a href="https://twitter.com/naos_finance">Twitter </a>| <a href="https://t.me/naos_finance">Telegram </a>| <a href="https://www.naos.finance/">Website </a>| <a href="https://discord.com/invite/rRaPwCVTaA">Discord</a> | <a href="https://medium.com/naos-finance">Medium</a></p><h3>About ShellBoxes</h3><p><a href="https://shellboxes.com/">ShellBoxes</a><strong> </strong>is a leader in the cybersecurity and blockchain industry, with a team of experiences professionals who have commendable achievement during their career.</p><p>We provide blockchain security services, ranging from regular Smart contracts to Dapps security, and finally, our exclusive service cybersecurity consultant as a service where you are provided one of our experts that will integrate your team and handle any security issue of the project.</p><p><a href="https://twitter.com/ShellBoxes">Twitter </a>| <a href="https://t.me/ShellBoxes">Telegram</a> | <a href="https://shellboxes.com/">Website</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=eae6eb6b84cd" width="1" height="1" alt="">]]></content:encoded>
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        <item>
            <title><![CDATA[Lossless Partners With ShellBoxes, To Provide a More Enhanced Security]]></title>
            <link>https://shellboxes.medium.com/lossless-partners-with-shellboxes-to-provide-a-more-enhanced-security-69a2abf9a99a?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/69a2abf9a99a</guid>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[security]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Tue, 18 Jan 2022 17:46:17 GMT</pubDate>
            <atom:updated>2022-01-18T17:46:17.289Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*QbqO5ymD1MBskrjytwijiw.png" /></figure><p>It’s our pleasure to announce today that we established yet another impactful Partnership, and this time with <a href="https://lossless.cash/"><strong>Lossless</strong></a>.</p><p>Recent security incidents have made the crypto space more vulnerable than ever before, and with the vision of keeping the entire Blockchain Ecosystem more safe and secure, we decided to proceed with a partnership with one of the best Security Solution Provider and that is <a href="https://lossless.cash/">Lossless</a>.</p><p>After several discussions with both teams, we have concluded that we share the same vision of the future of the Blockchain ecosystem and the same goal of keeping projects and communities safe, in that regard we tried to complement each of our services to provide a more enhanced than ever security service that will keep your projects secure.</p><h3>About Lossless</h3><p><a href="https://lossless.cash/"><strong>Lossless</strong></a><strong> </strong>is the world’s first DeFi hack mitigation tool for token creators. Apart from their known cybersecurity solutions and renowned professionals, the community also plays a role. With a tangible reward system, community members are also encouraged to explore new ways to detect hacks and fraudulent transactions.</p><p>Their <a href="https://link.medium.com/Vo5LOHQWSkb">protocol</a> halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. Their solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.</p><p><a href="https://twitter.com/losslessdefi">Twitter</a> | <a href="https://t.me/losslesscash">Telegram</a> | <a href="https://lossless.cash/">Website</a> | <a href="https://lossless-cash.gitbook.io/lossless/">Whitepaper</a></p><h3>About ShellBoxes</h3><p><a href="https://shellboxes.com/"><strong>ShellBoxes</strong></a><strong> </strong>is a leader in the cybersecurity and blockchain industry, with a team of experiences professionals who have commendable achievement during their career.</p><p>We provide blockchain security services, ranging from regular Smart contracts to Dapps security, and finally, our exclusive service cybersecurity consultant as a service where you are provided one of our experts that will integrate your team and handle any security issue of the project.</p><p><a href="https://twitter.com/ShellBoxes">Twitter </a>| <a href="https://t.me/ShellBoxes">Telegram</a> | <a href="https://shellboxes.com/">Website</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=69a2abf9a99a" width="1" height="1" alt="">]]></content:encoded>
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        <item>
            <title><![CDATA[Scam Alert: New Bitcoin Scam (Maybe The Smartest Way Ever)]]></title>
            <link>https://shellboxes.medium.com/scam-alert-new-bitcoin-scam-maybe-the-smartest-way-ever-9245a8c68e41?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/9245a8c68e41</guid>
            <category><![CDATA[scam]]></category>
            <category><![CDATA[phishing]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[email]]></category>
            <category><![CDATA[bitcoin]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Fri, 27 Aug 2021 15:49:13 GMT</pubDate>
            <atom:updated>2021-08-27T15:49:13.920Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/640/1*8hr7SBExDP6JmTiacqBNqw.png" /></figure><p>Recently, several people received e-mails from unknown individuals indicating that they have received an amount of BTC that was supposedly requested by the victim.</p><figure><img alt="Email received by the victim" src="https://cdn-images-1.medium.com/max/679/1*1YKIhFZX8ClxWUbJKct5hQ.png" /><figcaption>Email Received By The Victim</figcaption></figure><p>Our experts were contacted by one of the victims who revealed that they attempted to follow the scammer’s instructions and received a sample transaction worth about $50 USD, but were blocked when attempting to withdraw the entire balance due to a limit on the withdrawn amount that required them to pay a fee of approximately $1,000 USD equivalent in BTC, after completing this step the victim stated that the balance was not transfered to their wallet making them lose the fee that they deposited.</p><p>This new technique of scamming, in which the victim trusts the scammer after receiving a sample transaction and then receives 20 times the amount back, was recently used on several victims, resulting in the theft of millions of dollars.</p><p>This has nothing to do with the wallet’s security or a hacking attempt, but the primary reason for such scams to be so successful is the lack of awareness among wallet users who trusted the Scammer without conducting their own research.</p><ul><li><a href="https://www.reddit.com/r/Bitcoin/comments/p9ir42/new_scam/">link to one of the victims Reddit Post</a></li></ul><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=9245a8c68e41" width="1" height="1" alt="">]]></content:encoded>
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        <item>
            <title><![CDATA[Smart Contracts Security]]></title>
            <link>https://shellboxes.medium.com/smart-contracts-security-24e85767d38a?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/24e85767d38a</guid>
            <category><![CDATA[smart-contracts]]></category>
            <category><![CDATA[token]]></category>
            <category><![CDATA[cryptocurrency]]></category>
            <category><![CDATA[ethereum]]></category>
            <category><![CDATA[blockchain]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Thu, 19 Aug 2021 16:37:07 GMT</pubDate>
            <atom:updated>2021-08-19T16:37:07.535Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/900/1*BeMtN1SG9nltxVa0o42LbQ.png" /></figure><p>riting unit tests for your smart contracts is important, just like it is for every other software project. Unit research, on the other hand, is often ignored and undervalued in blockchain-based solutions. I audited over 200 smart contracts last year, mainly for Ethereum but also for the Neo, Eos, Tron, and Bitcoin blockchains. Nearly half of these projects, based on my experience, did not compose unit tests. Bad contract efficiency and numerous protection problems were found through investigations were often the product of such monitoring.</p><p>Unit checks for ERC-20 Ethereum Smart Contracts: How to Write Them<br>Writing unit tests for your smart contracts is important, just like it is for every other software project. Unit research, on the other hand, is often ignored and undervalued in blockchain-based solutions. I audited over 200 smart contracts last year, mainly for Ethereum but also for the Neo, Eos, Tron, and Bitcoin blockchains. Nearly half of these projects, based on my observations, did not compose unit tests. Bad contract efficiency and numerous protection problems discovered through audits were often the product of such oversight.</p><p><strong>Tests that are needed</strong></p><p>The constructor, final supply, functions for transition to and from, consent, and often a feature for burning extra tokens are all common parts of every smart contract. As a consequence, it’s crucial to double-check the smart contract for proper parameter initialization and reverts when complete supply or other uint values are overflowing or underflowing. You can also double-check modifiers and privileges use.</p><p>We’ll just look at Ethereum smart contracts here, but the same rules extend to other networks when contracts have the same framework. Let’s start with a test of the token’s proper initialization and pass to a specific address.</p><p>The checks for proper initialization are clear. All you have to do now is build a sample contract and double-check if all of the variables that must be initialized are accurate.</p><p>It is important to check the transfer feature and there could be problems that result in inaccurate transfers. You must guarantee that the recipient’s and sender’s balances will adjust upon conversion, and you must seek to gain reverts in the event that the feature receives inaccurate criteria, such as whether the sum being received reaches the sender’s balance, when the contract address or null address is sent instead of the recipient address, and so on. Finally, double-check that the logs from the transition case are right.</p><p>The transferFrom role is identical to move, except you must still guarantee that the spender has ample allowed balance to submit. Here are several instances of tests where the spender has less money than is needed for the move.</p><p>The ERC20 standard’s approve feature is the most basic. It is not necessary to search for a zero address; it is sufficient to ensure that the allowance list is appropriately filled. Additionally, whether you don’t have the increaseApproval or decreaseApproval functions, the accept feature would overwrite all previous values. As a consequence, we consider utilizing these features to prevent needless overwrites. It’s often vital to double-check that the logs from the Acceptance case are accurate.</p><p>Most smart contracts provide a feature for burning tokens that have been left over from the main selling. Many of them have a specific token holder account, which is often referred to as an owner account. As a result, the following is the ideal option for burning unsold tokens: Get the number of tokens on the holders’ address, deduct it from the overall stock, and set the number of tokens on the holders’ address to nil. This would mean that you don’t destroy any of the tokens, so make a white paper outlining your token burn plan.</p><p>To arrange for an audit of your smart contract, please <a href="mailto:contact@shellboxes.com">contact us</a> .</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=24e85767d38a" width="1" height="1" alt="">]]></content:encoded>
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        <item>
            <title><![CDATA[How to make your smart contracts work]]></title>
            <link>https://shellboxes.medium.com/how-to-make-your-smart-contracts-work-54be1e3af676?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/54be1e3af676</guid>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[smart-contracts]]></category>
            <category><![CDATA[ethereum]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Thu, 19 Aug 2021 16:23:45 GMT</pubDate>
            <atom:updated>2021-08-19T16:23:45.361Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1022/1*1VUScq8jrS-VEg8M3tTXEg.png" /></figure><p>The below is an example of a public blockchain:</p><ul><li>On a series of enchanted records, an equivalent agreement is written.</li><li>By possessing one of these agreements, anybody will contribute to the upkeep of this arrangement.</li><li>The modifications you’re permitted to make to a document are described in rules.</li><li>Any legitimate alteration to one document affects the other documents in the same way.</li><li>Because of these properties, each party owns an equal copy of the same agreement, even if it is constantly changing.</li></ul><p>The above example represents a single collection of enchanted documents (blockchain) that conform to a single set of laws. There are various guidelines on what modifications are true in different collections of enchanted records. The initial package of enchanted papers is known as Bitcoin, and its laws are as follows:</p><p>A list of all accounts and balances is provided in each enchanted text.<br>People have accounts and may transfer bitcoins to other people’s accounts.<br>These laws, in turn, establish a digital currency. One of the enchanted records maintained around the Bitcoin network is depicted below. The sum of bitcoins in each account is shown by the number next to it.<br>Ethereum is a different collection of records. Ethereum’s enchanted records obey a series of laws that are somewhat close to Bitcoin’s:</p><ul><li>A list of all accounts and balances is provided in each enchanted text.</li><li>Account owners have the ability to send transactions to other accounts.</li><li>Those with a sharp eye for nuance may have found subtle variations in terminology between Ethereum’s second rule and Bitcoin’s second rule. The distinction is that on the Ethereum network, certain accounts are not owned by humans. Instead, these accounts’ acts are driven by a series of guidelines stored on the accounts.</li></ul><p>On the Ethereum network, one of the enchanted documents is depicted below. The accounts B, E, and G in the diagram are dominated by orders rather than humans.<br>A smart contract is a series of instructions that exists on one of these accounts. The orders are basically all logic written in computer code. When a smart contract is “poked” by a transaction from another account, it can:</p><ul><li>Carry out calculations</li><li>Details can be preserved.</li><li>Transmit funds among other banks</li><li>As previously mentioned, no one manages the account with the code; it is fully self-contained! The smart contract code is written by a human, but once it is submitted to the blockchain, only the reasoning in the account decides the account’s behavior.</li></ul><p>Some citizens hate the word “smart contract.” One explanation for this is that a smart contract is not always smart. It’s just a series of guidelines that everyone can compose, and people are capable of writing some pretty blundering smart contracts.</p><p>The word “smart contract” is often deceptive since it isn’t actually a contract in the sense that it isn’t something that must be enforced or adhered to. In the ‘real world,’ a typical contract has legal implications. When a contract’s counterparty wants to keep their version of the deal, the court mechanism will be used to hold them responsible. A smart contract, on the other hand, does not require someone to uphold it; it is a series of orders that self-executes. In the ‘real environment,’ a smart touch doesn’t carry much weight. It will only deliver transfers to other blockchain accounts; all other precedent must be obtained by the creation of a legal wrapper around the blockchain agreement.<br>The rule is the code.<br>When entering into a typical deal, a variety of considerations determine whether you can trust what you’re signing. Understanding what is written in the contract is the most apparent element. In legalese (lawyer language), the contract sets down the terms and conditions of the deal on which you are agreeing. As a result, it’s important to comprehend legalese and how the legal profession interprets it. This is why you can really research the Spotify/Facebook/etc agreement’s terms and conditions carefully. You will never, as would 98 percent of citizens, accept a contract that requires you to give your firstborn as payment for utilizing their service.<br>Second, a broad body of current legislation constrains the terms and conditions that are set down in a contract. This suggests that just staring at the contract’s substance won’t tell you how the contract would turn out. And if you accept, there are rules that prevent you from paying for your firstborn. As a consequence, it’s crucial to comprehend the position of the legal sense.</p><blockquote><strong><em>This contextual laws sometimes serve as a buffer, enabling contracts to behave as planned rather than as published. Journalist Matt Levine recently published a report about JPMorgan getting a hefty fine after upholding the terms of a deal. JPMorgan discovered a way to game the deal, which controlled the energy sector. JPMorgan did not violate the contract’s rules; in fact, they closely enforced them. But, they did break the contract’s spirit, and as a result, they were trapped in the trap of market bribery legislation.</em></strong></blockquote><p>And if you enslave your firstborn in order to satisfy your contractual commitments, there’s always a possibility that it won’t be enough. Even if you sell all of your possessions and sell your families into debt slavery, it will not be enough to cover the commitments under the deal, and the other party may not be compensated. Counterparty danger is the risk of entering into a deal with someone who is unwilling to perform their end of the deal, and it must be addressed before negotiating a contract.</p><p>Last but not least, even though you comprehend the contract and its legal meaning, you must have faith in the rule of law. De jure may also become de facto. That’s why you may be reluctant to enter into a deal with Corruptland’s president’s son. The contract isn’t worth the document on which it’s printed.<br>So, how can these components match up against smart contracts? A smart contract is made up of two components that you must recognize and trust:</p><p>The code, as well as how it is perceived<br>The blockchain’s immutability Smart contract frameworks<br>As previously mentioned, smart contracts are a series of instructions written in computer code that are placed on a blockchain. This code, like the words that define the terms and conditions of a standard contract, can be written in an unlimited amount of forms. However, just as there are an endless number of ways to organize words in a phrase, there are an infinite number of ways to arrange code in a smart contract that does not make sense. That isn’t important, and no one is involved. What’s fascinating, however, are the various approaches to structure the argument in a manner that makes sense. So, what makes sense here?</p><p>Let us take a step back and evaluate the imagined future uses of blockchains before we address the query about smart contracts.</p><p>Following the publishing of the first Bitcoin document, citizens began to understand that the same fundamental technologies might be utilized to sustain various forms of agreements. Other arrangements were envisioned that would determine control of multiple forms of properties as well as the guidelines for modifying the agreements. These were some of the other applications:</p><ul><li>Digital personas (e.g. websites)</li><li>Gold, oil, and real estate are examples of non-digital properties.</li><li>The currency of a nation, as well as other new forms of currency</li><li>Shares, leases, and bonds are types of financial instruments.</li><li>Gambling and betting that is known to be fair</li><li>Market rules for data storage</li><li>For a computational industry, there are certain laws to obey.</li><li>The issue was that each blockchain was developed exclusively for a particular use. Any new implementation necessitated the development of a new blockchain, which necessitates a substantial expenditure of time and money since a community of parties must begin maintaining a new agreement.</li></ul><p>This was improved through smart contracts. The magic rules that describe a blockchain’s features may be implemented in smart contracts on a smart contract blockchain that already operates. This suggests that instead of creating a separate blockchain for each form of application, smart contracts will be used to combine several types of applications into a single blockchain. In the same network, you get several blockchains.<br>Smart contracts often enable you to build smaller niche agreements with which a new blockchain will never be feasible. If I decided to bet with some people I met on the internet, we might build a smart contract that locked our funds for 10 days before paying one of us at random. Creating a new blockchain for this particular use case makes little sense, however building a smart contract that uses the smart contract blockchain’s current infrastructure does.</p><p>The importance of the relationship between the various implementations is not entirely evident when you understand the strength of smart contract blockchains. For eg, if you have two smart contracts, one for dollar ownership and the other for real estate ownership, you might use a third smart contract as an escrow, enabling you to buy real estate without the use of a third party.</p><p>Many use-cases are being created on blockchains, and deploying them as smart contracts on the same network produces an ecosystem of apps that supplement one another.</p><p>Want to creat your own Smart Contract <a href="http://www.shellboxes.com/">Get in touch with us!</a> and our team of experts will help you throught the whole process.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=54be1e3af676" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Choosing the Right Blockchain Marketing Solution for Your Company]]></title>
            <link>https://shellboxes.medium.com/choosing-the-right-blockchain-marketing-solution-for-your-company-14f949fd287c?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/14f949fd287c</guid>
            <category><![CDATA[enterprise]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[business]]></category>
            <category><![CDATA[marketing]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Thu, 19 Aug 2021 15:56:55 GMT</pubDate>
            <atom:updated>2021-08-19T15:56:55.472Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/900/1*ATttUCVH-RSewsbdrUZGlw.jpeg" /></figure><p>The majority of highly valuable blockchains were developed for particular purposes. There is no such thing as a blockchain that will satisfy all of your needs. Sedans and pickup trucks, including automobiles, were made for various purposes.<br>When selecting a forum, it’s important to consider the customer’s expectations and product specifications.</p><p>Due to social media interactions, we need a blockchain that can handle our high-frequency transaction requirements. We also need a platform that is fast, inexpensive, scalable, reliable, cost-effective, and easy to build. In essence, we need something with a high practicality ranking.</p><p>Calculating and storing data on the Ethereum blockchain can be very costly. It would become troublesome with the amount of transactions that nodis.io will theoretically handle. NEO, on the other hand, has a one-time Smart Contract call fee of 0.0001 GAS (the NEO blockchain’s equivalent of gas for platform operation) and no data storage fee. And if we reach 1 million transactions, it will only cost 100 GAS (or $629 USD at today’s exchange rate).</p><p>Some of the other benefits of NEO that we believe would be beneficial to nodis.io are described below:</p><p>Smart Economy — The NEO blockchain was built with trades and the economy in mind. Its aim is to convert any physical assets into digital files. Every consumer has a digital identity that allows the owners to be identified. This is vital for legal enforcement as well as ownership legitimacy.</p><p>High Transactions per Second (TPS) — Because of the group validation feature, NODIS.io has the ability to produce a large number of transactions. A blockchain with a high TPS is required. Bitcoin can do 3–4 transactions per second, Ethereum about 15, and NEO is currently at 1,000 with a potential of 10,000 transactions per second. The Ethereum Sharding project is well-known, but it may not be introduced until 2020.<br>Storage is currently free. As previously stated, although each transaction costs 0.0001 GAS, there is no charge for storage.</p><p>Delegated Byzantine Fault Tolerance (dBFT) Consensus Mechanism — NEO employs the Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. It enables the group to choose who will serve as the consensus node (bookkeeper). When two-thirds of the voting participants agree with the consensus node’s version of the blockchain, a consensus is reached. This process enables faster validations with less resource consumption, resulting in increased scalability.<br>Finality — NEO’s dBFT consensus mechanism makes forking virtually impossible. The decision will be upheld as long as the majority node has 66 percent of the vote. If the group is not in agreement with the consensus node.</p><p>Flexibility of Coding Languages — NEO supports C#, Java, Python, and Go programming languages.</p><p>If you have any questions don’t hesitate to ask them and if you want training or advice don’t hesitate to consult our services in<a href="https://shellboxes.com/"> https://shellboxes.com</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=14f949fd287c" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[How to fit blockchain technology into your own business model?]]></title>
            <link>https://shellboxes.medium.com/how-to-fit-blockchain-technology-into-your-own-business-model-4771d9b874b8?source=rss-20f01143d4fa------2</link>
            <guid isPermaLink="false">https://medium.com/p/4771d9b874b8</guid>
            <category><![CDATA[ico]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[business]]></category>
            <dc:creator><![CDATA[ShellBoxes]]></dc:creator>
            <pubDate>Thu, 19 Aug 2021 15:48:35 GMT</pubDate>
            <atom:updated>2021-08-19T15:48:35.449Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*UoCxaDAodepM9QN1MNVKEA.jpeg" /></figure><p>A great ICO is the result of a decent product, an aggressive marketing campaign, and proper consumer positioning. Mssassi Souhail, CEO of Shellboxes and Founder of CRISIS, recommends carefully considering how foundational components of a newly formed organization will fit together in sync, strengthening and complementing one another when creating a company specialized on blockchain.</p><p>The most serious problem with the project’s design is that the ICO is a brand new framework, and developers are seeking an exceptionally large return from their investments. They would preferably want the funds to be compounded by a factor of a hundred, which is incomparable to earnings on conventional markets. Why is this the case? That an ICO is basically a fast-growing enterprise that is being established at a quick rate and scaled to new markets. It should ideally be multinational and have some kind of creativity that distinguishes it. That being said, all economic transactions — or at least some of them — are represented by a finite number of tokens, implying that token issuance is limited. As a result, as the company expands, the amount of goods increases, and as a result, the token’s price rises dramatically, adding benefit to the investor. As a result, the benefit is provided not by the company or the commodity itself, but by the unit of the ICO project known as a “token,” which refers to the business processes.</p><p>In ICO project architecture, it is critical to develop business processes and sell the token in such a way that it is appealing for investment and has both the potential for external demand growth and the potential for internal value growth while scaling the project. The project itself should be operational and providing some benefit to the society, primarily by executing the activities for which it was designed. To put it another way, tokens are the first main factor, and the project, with its internal dynamics, is the second. And what we have to do is for these two to cooperate so that they have a solid shared purpose. It’s a big challenge, I must admit! Not all startups are up to the task: more frequently than not, And sometimes a company can operate even more efficiently without the use of a token at all.</p><p>How do you think we can say if the developers are operating on a genuine ICO?</p><p>It’s difficult to tell, since ICOs are mostly a fund-raising operation, rather than the actual realization of a proposal. It’s a publicity strategy and group management, among other things. Running an ICO is the duty of public relations and communications experts, as well as the CEO who is successfully gaining interest and investors to the project. The project is a commodity that was produced with the funds collected through the ICO. Following the ICO, the job for developers is to begin real product creation. I can discern between the progress of the fund-raising effort and the team’s performance on future project development — these are two distinct matters. That is why, in my opinion, the secret of a good ICO is, first and foremost, a large scale of PR events and group management as well as a massive and aggressive marketing campaign. The second phase is to ensure that the proposal is transparent and of high standard.</p><p>which channels are best for issuing tokens?</p><p>Token issuance is a technological as well as a political operation, since several sites provide various means of assistance if you want to include them while creating the proposal. Stellar and NEO, for example, are receiving financial assistance from a number of foundations linked to their habitats. What makes them do it? They are, after all, winning more promotion and extension for themselves by doing so. For eg, there is a blockchain-based social network called ‘Golos,’ which has its own fund that finances the ventures that participate in it. As a result, developers should pay close attention to this, as the choice of base platform will significantly influence the project’s market performance.</p><p>Ethereum is unquestionably the most common platform for blockchain projects with simple functions. It’s an easy and effective method for the task. Of note, there are more solutions for more complex activities.</p><p>You will have a special master lesson on the ICO-economy. Will you kindly expand on the main concepts of developing an ICO-economic model?</p><p>Again, the ICO-economy and the token-economy are not the same thing. The aim of the ICO-economy is to prepare tokens for future selling. I’d like to emphasize that an ICO is purely a fund-raising operation, in reality the selling of a potential commodity and the economic resources that come with it. I suppose what I’m trying to suggest is that the token is valuable, but the result, i.e. something produced after the capital is collected, is much more essential. That is why I prefer token economy over ICO-economy, which is very simple: all you need to do is choose an ICO-auction model. Creating an economy-model for a potential commodity and company of token convergence, on the other side, there is a far more complicated story.</p><p>When it comes to token economy main values, a token can be organically incorporated into the market without disrupting the business processes and providing value to both founders and customers.</p><p>If you have any questions don’t hesitate to ask them and if you want training or advice don’t hesitate to consult our services in<a href="https://shellboxes.com/"> https://shellboxes.com</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=4771d9b874b8" width="1" height="1" alt="">]]></content:encoded>
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