I've been exploring the TRX blockchain and there are so many things I love especially the extremely cheap energy prices. But when checking two of the major projects aiming to bring DeFi to TRX I realized that transparency and therefore security might be a big issue since:
- There's no public Github repository in neither of those projects.
- All or many Smart contracts are unverified, making it way harder for users to know exactly what's going on.
I'm aware of the audits but as you probably know audits are not reliable at all (see the last BZX hack).
Is there a reason (besides avoiding their code to be cloned) for these projects to take this route? why should users and businesses put their funds and trust in them?
Any thoughts are appreciated.
via Community for TRONICS https://www.reddit.com/r/Tronix/comments/ix3i6o/unifi_protocol_and_justswap_transparency_and/
TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX. TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens.