Stellar Teams Up with Certora, Strengthening Smart Contract Security and Market Impact

Stellar has finally announced a partnership with Certora to enhance the security of its smart contracts, which is expected to have a positive impact on the market. Certora is a leading security firm specializing in formal verification tools to enhance the security of its smart contract platform. In the dynamic blockchain environment, where even minor flaws can cause significant setbacks, Stellar acknowledges the importance of robust security protocols. Transparent and unchangeable, smart contracts require rigorous scrutiny to ward off potential threats.

Stellar conducts security checks for upcoming smart contracts platform Soroban https://t.co/cVHqUdUtGL

— The Block (@TheBlock__) October 11, 2023

 

By leveraging Certora’s formal verification tools, Stellar ensures ongoing code integration, aligning modifications with specifications to prevent bugs and vulnerabilities effectively. While previously supporting smart contracts, Stellar has shifted its focus to building a developer-friendly platform for high-performance decentralized applications (dApps) based on WebAssembly (WASM). This strategic move positions Stellar optimally in the market, generating anticipation among investors and enthusiasts for positive impacts on Stellar’s market performance (XLM) shortly.

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Stellar Key Levels To Watch – October 11

Following the breakout in June 2023, the market’s overall trend has been bullish. XLMUSD was initially declining alongside a diagonal resistance until its failure in June 2023. The emerging bullish trend began by instigating the failure of the diagonal resistance.

A bullish order block formed as prices exuberantly rallied to the upside in July 2023. A return into the bullish order block is currently ongoing as the price makes a retracement into the oversold region. The uptrend is likely to resume as soon as the RSI (Relative Strength Index) crosses the 30.0 level.

XLM/USD Key Levels

Resistance Levels: $0.13500, $0.18100, $0.19600
Support Levels: $0.11100, $0.09500, $0.07500

Total Market Capitalization: $1.09T
Stellar Market Capitalization: $2.85B
Stellar Volume: $51.6M
Market Rank: #23

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