Shiba Inu (SHIB), the meme-inspired cryptocurrency, continues to gain recognition for its focus on security. The project achieved a score of 90.72 on CertiK’s Skynet leaderboard, ranking third among meme-based cryptocurrencies, surpassed only by Floki Inu (FLOKI) and Memecoin (MEME). This notable score also positions Shiba Inu in the 64th spot across all crypto assets evaluated by CertiK.
🚀 @Shibtoken secures its position as the #3 meme project , and #62 among all cryptocurrencies on Skynet!
With almost 1.5 million token holders, it's easy to see why people love $SHIB!
Dive into their Skynet profile for an in-depth token analysis 📊✨ https://t.co/b9aHFmLyR3
— CertiK Skynet Rating (@CertiKCommunity) March 11, 2024
Read Also: SHIB to $0.0001? Shiba Inu Bullish Metrics Spark Optimism For Price Bull Run
Shiba Inu’s Commitment to Security
CertiK employs a comprehensive rating system for cryptocurrencies, spanning a 0 to 100 scale. Projects are then categorized from AAA (highest security) to C (lowest). Shiba Inu’s impressive score of 90.72 places it firmly in the AA category, indicating strong security while leaving room for improvement to reach the coveted AAA tier.
The Shiba Inu team’s dedication to security is well-documented, as we earlier reported their previous rapid upgrade from AA to AAA. This swift reaction to address security challenges demonstrates their potential to achieve the top rating again, by addressing any remaining vulnerabilities.
Understanding Shiba Inu’s Security Metrics
CertiK’s comprehensive audit delves into several aspects of Shiba Inu’s security. The project currently exhibits exceptional operational resilience (92.88%) and market stability (96.31%). Furthermore, Shiba Inu enjoys strong community trust (95.71%) and code security (92.66%). These metrics underscore the dedication to minimizing vulnerabilities within the Shiba Inu ecosystem.
Read Also: These Metrics Show Shiba Inu (SHIB) Is Not Done With Current Bullish Run
Collaboration with CertiK
CertiK’s reputation within the industry is well-established, having audited thousands of blockchain projects. In addition to their 2021 audit of Shiba Inu, the firm recently assessed Shiba Inu’s partner project, Bad Idea AI (BAD).
Bad Idea AI (BAD) scored 78.91, placing it in the BBB category and further positioning it in the 779 spot across all crypto assets. This highlights Shiba Inu’s commitment to due diligence and secure collaborations.
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Ongoing Improvement
Furthermore, Data from CertiK’s website reveals that the Shiba Inu team actively addresses issues raised, having resolved 11 minor, 1 medium, 8 major, and 10 informational findings. This continuous improvement approach contributes to the growing confidence placed in the project by its expansive community of nearly 1.5 million token holders, as noted by CertiK.
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