4 min read
Luganodes’ Blockchain Infrastructure Review: Quantstamp Audit
Reinforcements are essential!
Published on31 Oct, 2023
Luganodes' unwavering commitment to security is underscored by its notable achievement of triple certification in SOC 2 Type II, GDPR, and ISO 27001 standards compliance. Despite having an iron-clad defence, we continue to always look for potential vulnerabilities and bring more safety and security features for our institutional clients and investors. In that spirit, Luganodes has purchased an enterprise-grade staking insurance policy from Chainproof, the world’s first regulated smart contract insurance provider. As part of this process, another slashing risk assessment will be conducted by leading security audit provider, Quantstamp.
With over $200 billion secured in digital asset risk and 750+ audits conducted, Quantstamp has solidified its position as one of the most trusted security companies in the Web3 space. The team, composed of top experts, including PhDs and security professionals with an impressive collective of 3800 Google Scholar citations, offers expert audits for decentralized systems.
A quick glance at their clientele reveals some of the industry’s largest names such as Solana, Ethereum, Makerdao, Cardano, Polygon, Aave, Curve, Lido, Binance and other world leaders like Visa, Toyota, Mitsubishi and Siemens. And now, Luganodes has joined their roster.
Quantstamp's audit process is a multi-step procedure designed to ensure the security and reliability of blockchain and smart contract projects. It commences with an initial consultation where the client's project objectives, requirements, and specific concerns are discussed. This consultation sets the stage for a tailored audit.
Following the initial meeting, Quantstamp's experienced team embarks on a meticulous review of the client's infrastructure and accompanying documentation. This scrutiny, carried out by multiple auditors working independently, evaluates the infrastructure code and configuration for security vulnerabilities, compliance with specifications, and adherence to industry best practices.
Upon completing the review, Quantstamp compiles comprehensive audit reports that detail any security vulnerabilities, or areas for improvement. These reports serve as invaluable resources for the client, shedding light on the strengths and weaknesses of their project's codebase and infrastructure.
Quantstamp's audit reports go beyond identification; they offer actionable recommendations and solutions for addressing the vulnerabilities and issues discovered. These recommendations guide the client in implementing best practices and effective solutions to enhance the security and reliability of their project.
Quantstamp's comprehensive auditing process empowers clients to fortify their blockchain and smart contract projects, ensuring their long-term success in the ever-evolving web3 technology landscape.
Over the course of the audit, Luganodes not only demonstrated a solid commitment to transparency and accountability but also showcased an exceptional level of responsiveness and diligence in addressing the identified issues. Of the issues uncovered, many needed extra information to ensure depth of defence, and for the others, we swiftly mobilized our resources to address each concern with the utmost care and attention.
Both teams exhibited impressive response times and maintained continuous, open communication throughout the audit process, resulting in a highly productive engagement. Alongside the formal audit, we engaged in numerous discussions that expanded beyond the scope of the reports, allowing us to glean valuable insights and implement additional strategies to fortify our system's security, making it truly impenetrable.
Working with Quantstamp exemplifies our unwavering dedication to maintaining the highest standards of compliance and security. We shall continue to engage in such proactive efforts for swiftly mitigating and rectifying these issues, reaffirming our commitment to the integrity of our operations.
With the audit, Luganodes has taken yet another step towards providing enterprise-grade, top-notch staking services. Security lies at the heart of our operations and we are committed to ensuring that its sanctity stays intact. Our Quantstamp audit is one of the many reviews we will continue to perform to reinforce our investors’ trust and confidence in our staking services.
Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 30+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards.
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