Gauntlet Joins Forces with Stellar (XLM), Celo and Compound 


ComputerUniverse Введи промокод FW7FRUX при покупке и получи скидку 5 евро

Gauntlet, a simulation platform that builds the financial models of blockchain networks and applications to prepare them against attacks, has joined forces with Stellar Lumens (XLM), Celo, and Compound, a platform for decentralized finance (DeFi). This according to a blog post, October 24, 2019.

Gauntlet Strengthening DLT Projects

At a time when hacks and heists are becoming quite synonymous with the cryptoverse, Gauntlet has announced the addition of three more distributed ledger technology (DLT) projects: Stellar, Celo, and Compound to its simulation platform to help them formulate measures that would make them more resilient to attacks by bad actors and external threats.

As stated in its Medium blog post, Gauntlet is collaborating with Stellar to work on the latter’s quorum selection in a bid to boost the network’s safety and liveness. For the uninitiated, Stellar comes with a Federated Byzantine Agreement (FBA) that uses a set of validator nodes (quorums) to reach consensus.

Gauntlet says it has successfully simulated how the entire Stellar blockchain functions under various network topologies and latencies, to make it easier for node operators to choose quorums that can guard against network disruptions without any form of centralized coordination.

Compound and Celo 

For Compound, an Ethereum-powered project that allows users to borrow coins or earn interest on their ERC-20 tokens without third-party interference, the collaboration with Gauntlet makes it possible for the former to simulate market risk scenarios on Gauntlet.

Gauntlet has hinted that it’s using historical data and stress-tests to build a watertight model that will make it impossible for lenders to lose money on Compound, regardless of market conditions.

Gauntlet says it’s also “backtesting” numerous digital assets to enable Compound to add support for more cryptoassets and lending pairs on its platform.

“By running Compound’s contracts directly in our modified Ethereum Virtual Machine (EVM), we can be sure that our model is very accurate,” declared Gauntlet.

Celo, a distributed ledger technology (DLT) project that claims to be focused on providing decentralized financial tools to people across the globe via their mobile phones is using the Gauntlet platform to model their stability mechanism.

In related news, on October 24, BTCManager informed of Compound’s slow but steady journey towards complete decentralization, and the elimination of a single point of failure (SPOF).

Like BTCMANAGER? Send us a tip!
Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4