CTK (Shentu) Token Price & Latest Live Chart

What is CTK (Shentu)?

CTK is a native cryptocurrency of the Shentu Chain, a blockchain platform dedicated to enhancing the security and trustworthiness of smart contracts and decentralized applications (DApps). The platform was founded in 2018 by Ronghui Gu and Zhong Shao, both with a strong background in computer science, particularly in the field of programming languages and formal verification. Shentu's mission is to address the critical issue of security in the blockchain space, which has seen significant losses due to hacks and vulnerabilities. By offering a suite of robust security tools and services, Shentu aims to create a more secure and reliable blockchain environment, ensuring that the potential benefits of blockchain technology can be realized by all.

The Shentu Chain incorporates several key features to achieve its security objectives. At its core is the Shentu Certified Virtual Machine (CVM), which integrates security as a fundamental component of its operation. This virtual machine allows smart contracts to interact based on their security profiles, enabling a more secure and efficient ecosystem. Additionally, Shentu utilizes the DeepSEA programming language, which facilitates the development of formally verified smart contracts, ensuring a high level of security through mathematical proofs. The platform also introduces the Shentu Security Oracle, which provides dynamic, on-chain security assessments, and ShentuShield, a decentralized financial safety net designed to reimburse users in the event of asset loss due to security breaches.

Security Oracle Workflow, Source: CTK whitepaper

How does CTK (Shentu) work?

CTK operates through a sophisticated architecture designed to infuse security into every layer of blockchain operations. At its core, Shentu leverages the Shentu CVM to integrate security as an intrinsic element of the blockchain's execution environment. This is a departure from traditional systems where security checks are performed off-chain and are not directly linked to the execution of smart contracts. The CVM enables on-chain verification of code security, allowing smart contracts to interact based on their respective security levels, thereby fostering a more secure and efficient ecosystem.

The CVM is complemented by the DeepSEA programming language, which facilitates the creation of formally verified smart contracts. DeepSEA's integration with the Coq proof assistant allows developers to mathematically prove the correctness of their code, significantly reducing the potential for vulnerabilities. This formal verification process ensures that smart contracts deployed on the Shentu Chain are not only functional but also verifiably secure. The CVM's hierarchical security model accommodates various levels of code verification, from mathematically proven secure code to less secure code that operates under certain restrictions, ensuring a comprehensive security framework.

Beyond the CVM and DeepSEA, Shentu's security infrastructure includes the Shentu Security Oracle and ShentuShield. The Security Oracle provides real-time security scores for smart contracts by aggregating assessments from a decentralized network of security experts. This allows users and other smart contracts to make informed decisions about their interactions, such as limiting transaction sizes or halting risky engagements based on security evaluations. ShentuShield, on the other hand, offers a form of insurance against losses due to hacks or contract failures by maintaining a communal pool of CTK tokens. This pool is used to reimburse users who suffer losses, with the community participating in the decision-making process for claims, ensuring fairness and resistance to manipulation. Together, these components create a robust security ecosystem that not only enhances the integrity of the blockchain but also provides mechanisms for recourse in the event of security incidents.

CTK (Shentu) market price & tokenomics

CTK tokens play a crucial role in the Shentu ecosystem, serving multiple functions that support the platform's security-focused services. CTK is used to incentivize security operators who validate smart contract code, to pay for transaction fees and smart contract operations on the Shentu Chain, and to enable staking and governance participation. The token's economics are designed to encourage active community involvement in security assessments and network governance, with a total supply of 134,630,722 CTK tokens, all of which were in circulation. Shentu's comprehensive approach to blockchain security, combined with the utility of CTK, positions it as a significant player in the ongoing effort to build a more secure and interconnected blockchain ecosystem. As of now, CTK (Shentu) is ranked #415 by CoinMarketCap with market capitalization of $122,891,256 USD. The current circulating supply of CTK coins is 134,630,722.

Why do you invest in CTK (Shentu)?

Investing in the CTK project could be considered for several reasons, primarily due to its unique positioning in the blockchain security space and its comprehensive ecosystem designed to foster trust and reliability in the blockchain infrastructure. Shentu Chain aims to be the "infrastructure of provable trust" by integrating state-of-the-art security technologies directly into the blockchain layer. This focus on security is particularly appealing given the increasing number of vulnerabilities and exploits in the blockchain and DeFi sectors, which have resulted in significant financial losses.

The Shentu Chain ecosystem offers a robust suite of security-centric tools and services, such as the Shentu Security Oracle, which provides real-time security analysis for smart contracts, and the ShentuShield Pool system, which offers a form of decentralized insurance against asset loss due to security breaches. These features could potentially mitigate risks associated with smart contract vulnerabilities and reduce the likelihood of asset theft or loss. Moreover, the project's emphasis on formal verification and certified correctness of smart contracts, through initiatives like the DeepSEA programming language and compiler toolchain, suggests a commitment to long-term sustainability and the mitigation of costly errors that have plagued other blockchain platforms. The potential for widespread adoption of these security measures by other blockchains and the broader developer community could lead to increased demand for CTK, aligning the token's value with the project's success in enhancing blockchain security standards.

Is CTK (Shentu) a good Investment?

Determining whether CTK token is a good investment depends on various factors, including one's investment goals, risk tolerance, and market conditions. Shentu Chain's focus on blockchain security is a compelling proposition, as it addresses a critical need in the industry. The integration of advanced security features, such as the Shentu Security Oracle and ShentuShield Pool system, positions CTK within an ecosystem that could see increased demand as the blockchain space matures and the importance of security grows.

The project's commitment to formal verification and the development of tools like DeepSEA for creating secure smart contracts may give it a competitive edge, potentially attracting developers and projects that prioritize safety and correctness. This could translate into a broader user base and increased utility for the CTK token, which is used for transactions, staking, and governance within the Shentu Chain ecosystem. The potential for CTK to become a key component in the infrastructure of trust that Shentu Chain aspires to build is a factor that might contribute to its long-term value.

However, investing in cryptocurrencies, including CTK, carries inherent risks. The crypto market is known for its volatility, and the success of blockchain projects can be influenced by technological challenges, regulatory changes, competition, and adoption rates. Investors should perform due diligence before making an investment decision. As with any investment, it is advisable to only invest what one can afford to lose and to consider diversifying across different assets to mitigate risk.

Find out more about CTK (Shentu):

• Homepage

• Explorer: Etherscan, Bscscan, Polygonscan

• Whitepaper