Olive Network, an Ethereum layer 3 chain, has completed a detailed security audit by QuillAudits, a globally recognized smart contract security firm. This rigorous evaluation underscores Olive Network’s commitment to maintaining a secure and efficient blockchain platform.
Olive Network is a secure, developer and user-friendly Ethereum layer 3 chain designed to be fully EVM compatible and built with native ETH staking and restaking at its core. It was built using Arbitrum Orbit tech stack for best-in-class speed & performance (avg. block time ~0.26 secs). By leveraging Eigen DA for data availability and Arbitrum L2 as a settlement layer, Olive can reduce its cost by 1000x and offer devs gasless transactions, improving end-user experience by 1000x.
Olive’s mission is to bring Ethereum’s benefits to the masses and make Ethereum’s EVM accessible to people from different economies around the globe. Offering gasless transactions, fast finality, and the security of Ethereum is just a step in that direction.
QuillAudits, renowned for its flawless reputation and consistent success, is the perfect partner for Oliver Network in this venture. With over 1,000 audits completed, $30 billion in assets secured, and over a million lines of code carefully scrutinized, QuillAudits is the preferred choice for companies looking for unmatched security in their Web3 projects.
QuillAudits goes beyond a simple code check. Their audit process is multi-layered, ensuring a tight defense for smart contracts.
- Deep Understanding: The team at QuillAudits thoroughly investigates the project details, objectives, and possible security risks.
- Thorough Analysis: Manual reviews and sophisticated static analysis tools rigorously analyze every code line.
- Code Review / Manual Analysis: The team performs an exhaustive manual examination of the code, spotting and addressing new flaws while ensuring it matches the whitepaper’s criteria.
- Gas Consumption: The analysis includes monitoring the smart contracts in use, specifically focusing on minimizing gas costs to boost transaction efficiency.
- Actionable Insights: Rather than just pointing out issues, the audit report offers detailed explanations and practical steps for fixing problems.
- Collaborative Communication: QuillAudits promotes ongoing dialogue during the audit, ensuring findings are clearly understood and effectively addressed.
About Olive Network :
The Olive Network is a secure Ethereum layer 3 chain, fully compatible with EVM. It integrates native ETH staking and Arbitrum Orbit tech for speed (avg. block time ~0.26 secs). Leveraging Eigen DA and Arbitrum L2 reduces costs by 1000x, offering gasless transactions and improving user experience. Its mission is to democratize Ethereum’s benefits worldwide.
Socials:
Website – https://www.olivenetwork.xyz
Discord – https://discord.gg/oxolive
Twitter – https://twitter.com/0xOlive
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