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

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


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.

The security-centric decentralized autonomous organization (DAO) has been developed in association with leading security firms and popular crypto projects such as Certik, TrustWallet, PancakeSwap and Opera, to name a few.

The AvengerDAO security initiative mainly consists of three major components, namely a passive API system called Meter, a subscription-based alert system called Watch, and a programmable fund management system called Vault.

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When a user on the BNB Chain interacts with any applications or counterparties, the AvengerDAO adds an additional layer of security. The Meter API system would fetch security ratings on smart contracts, domains, and addresses and alert users in case of a

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