Shiba Inu Remains One of Certik’s Most Secure Projects Despite Security Score Drop

Shiba Inu Recent Uptick May Renew Investor's Interest; Here's Why

Despite a recent decline in the project’s security score, Shiba Inu continues to rank among the top 5% of the most secure projects on Certik. Shiba Inu’s overall security score, which recently dropped to 93.67, caused it to lose its AAA rating on CertiK. Despite this setback, the asset has remained on Certik’s top list of most secure projects.

The public was initially aware of today’s development by SHIB BPP, a community-driven account devoted to Shiba Inu updates. Shiba Inu has reportedly dropped to the 51st spot on CertiK’s security leaderboard. Through audits and ongoing monitoring, this scoreboard rates the security and quality of projects.

Examining the Certik platform supports these assertions. However, Shiba Inu’s security score of 93.67 is an exceptional grade and shows that the project is still of good quality and security despite the decline in rank.

Related Reading: Shiba Inu: Twitter Buzz Grows As Shibarium UI Unveils Token Burn Mechanism

Shiba Inu Remains Secure and Reliable

The security score, which has a scale of 0 to 100, evaluates the project’s overall quality and security. Five levels are also assigned to the score: AAA, AA, BB, B, and CC. With its current AA rating, Shiba Inu has completed a careful audit by CertiK and is free of any material security flaws or vulnerabilities.

Additionally, this rating shows that the project complies with industry standards and best practices for code, documentation, testing, and other critical areas. On CertiK’s leaderboard, Shiba Inu remains one of the top-ranked assets in the meme coin category, outranking rivals like Dogecoin and Floki Inu.

As was previously mentioned, Certik included Shiba Inu in its weekly Scoop last month. The platform highlighted the project’s strong security features and transformation from a meme coin to “a decentralized ecosystem.”

The project remains secure and reliable, although the cause of the drop is unknown. The reasonably high-security score shows this. It’s typical for security scores to fluctuate from time to time, and slight decreases like this usually aren’t a cause for alarm.

In addition, Shiba Inu still has a lot of room for development and innovation as it broadens its ecosystem. The development team has persisted in its efforts to launch ShibaSwap 2.0, SHIB: The Metaverse, and the mainnet debut of Shibarium.

Read Also: Burn Rate of Shiba Inu Skyrockets by 8000%; Over 3 Billion Tokens Destroyed in a Week

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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