BNB Chain launches a new community-run security mechanism to protect users

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BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a new community-driven security initiative to help users against scams, malicious actors and possible exploits.

Gwendolyn Regina, investment director at BNB Chain, explained how the community would be responsible for security decisions in a conversation. She said that the community would perform a survey of existing security auditing service providers to see what types of common security vulnerabilities exist.

Some of the AvengerDAO members, including security decentralized application Hashdit, have already released an integration with PancakeSwap that would allow its users to fetch the security ratings of smart contracts witthey are interacting with at the start of September. BNB chain has paid special attention to user security and has launched several initiatives over the past few months. Before the AvengerDAO launch, the BNB Chain launched Dappbay equipped with a novel feature called Red Alarm. This feature assesses project risk levels in real time and alerts users of potentially risky DApps.

 

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