CTK Shentu

Shentu Overview

Shentu is a security-focused blockchain platform designed to enhance security across the blockchain ecosystem. It provides robust security protocols and innovative solutions for smart contracts and decentralized applications (dApps).

Key Use Cases

• Security Infrastructure: Shentu offers real-time security auditing and security infrastructure for blockchain networks and smart contracts.
• Security Verification: The platform enables security verification through its Security Oracle, which assesses source code reliability and provides a real-time, on-chain aggregate security score.
• Financial Protection: ShentuShield, a reimbursement protocol, provides financial protection against losses by offering a pool for lost or inaccessible assets.
• Governance Participation: Token holders can participate in governance by staking CTK to become validators, vote on protocol improvements, and propose changes.
• Node Operation: CTK is used for node operation, ensuring the security and integrity of the Shentu Chain.
• Cross-Chain Safety: Shentu facilitates cross-chain safety by providing a secure foundation for the development and deployment of dApps.
• Asset Protection: The platform offers asset protection through continuous auditing and security assessments, ensuring the integrity of digital assets.

Ecosystem Integration

• EVM Compatibility: Shentu Chain is compatible with Ethereum Virtual Machine (EVM) applications, allowing for a seamless transition for projects seeking a more secure environment.
• Decentralized Security: The platform utilizes a delegated proof-of-stake (DPoS) consensus mechanism and a decentralized governance framework, powered by the native digital asset CTK.

Pros of Shentu

• Enhanced Security: Shentu offers advanced security modules designed to protect DeFi applications from common attack vectors such as flash loans and oracle attacks. It features a Security Oracle and ShentuShield, which provide real-time security insights and financial protection against losses.
• Robust Governance: Shentu has a decentralized governance framework that allows CTK holders to propose and vote on protocol upgrades, parameter adjustments, and resource allocation, ensuring community involvement and transparency.
• Interoperability: Being part of the Cosmos ecosystem, Shentu enables applications to integrate with other blockchains, providing greater flexibility and interoperability for developers.
• Comprehensive Tools: Shentu provides a range of tools and services for developers, including APIs, developer tools for building and deploying smart contracts, and community resources and support services.
• Secure Programming Language: Shentu uses DeepSEA, a secure programming language that enables the creation of verifiably secure smart contracts.

Cons of Shentu

• Complexity: Shentu's advanced security features and governance model may be complex for some users to understand and navigate.
• Dependence on Validators: Shentu's DPoS consensus mechanism relies on validators, which can lead to centralization if not properly distributed.
• Limited Adoption: As a relatively new platform, Shentu may face challenges in achieving widespread adoption compared to more established blockchain platforms.
• Token Concentration: The DPoS model can favor those who hold the most assets, potentially leading to centralization if not managed carefully.

Founders of Shentu

• Ronghui Gu: Co-founder and CEO of Shentu. He is an assistant professor of computer science at Columbia University and the co-director of the CertiK Foundation. He is also the creator of DeepSEA, a secure programming language for smart contracts.
• Zhong Shao: Co-founder and CTO of Shentu. He is a professor of computer science at Yale University and the co-director of the CertiK Foundation. He is also the leader of the FLINT group at Yale that focuses on foundational research on programming languages and systems.

Shentu Investors

Shentu has received funding from various investors through private rounds. Here are some key details about the investors and funding:

• Private 1 Round: This round raised $22.3 million at a price of $0.77 per token, valuing the project at $77 million.
• Private 2 Round: This round raised $17.1 million at a price of $1.9 per token, valuing the project at $190 million.

Key Investors and Partners

While specific investor names are not listed in the provided sources, it is known that Shentu has collaborated with and provided security services to several prominent companies in the blockchain industry, including Binance Coin, yEarn Finance, Hyundai, Matic, Crypto.com, and AAVE.

Founding Team

The founding team includes:

• Professor Ronghui Gu: Co-founder and CEO, an assistant professor of computer science at Columbia University.
• Professor Zhong Shao: Co-founder and CTO, a professor of computer science at Yale University.
• Daryl Hok: COO, responsible for overseeing operations and business development.
• Alex Papageorgiou: Head of Engineering, leading the development of the core components of Shentu Chain.

Additional Information

Shentu was originally known as CertiK Chain and was rebranded in 2021 to reflect its broader vision of creating a secure and trustworthy blockchain ecosystem. The project focuses on providing end-to-end security solutions for blockchains and decentralized applications.

Halal Status of Shentu

• Halal Status: Yes
• Reason: Shentu can be considered halal because it does not inherently involve activities prohibited by Islamic law, such as Riba (interest), Maysir (gambling), or Gharar (uncertainty). However, like other cryptocurrencies, its permissibility may depend on how it is used and structured. For instance, if Shentu is used for legitimate transactions and does not involve speculative activities that could be seen as Maysir, it can be viewed as halal. Additionally, Shentu's technology and use cases should be evaluated to ensure they align with Islamic principles.