Mainnet360 provides comprehensive security and economic assessment expertise that allows development teams to build safer blockchain systems providing better incentives for adoption, contribution, and participation by relevant stakeholders.
NEW YORK--(BUSINESS WIRE)--Cybersecurity research and consulting firm Trail of Bits recently announced the launch of Mainnet360, the first service to provide a comprehensive assessment of both the security and economic elements of blockchain software. Trail of Bits developed Mainnet360 over several months this year in partnership with Prysm Group, an economic consulting firm specializing in supporting teams that create incentive-compatible blockchain systems.
A new kind of security
One of the most overlooked concepts underlying the blockchain boom is economic security. While the security of Bitcoin depends on traditional notions of cryptography and code correctness, it also depends on humans making economically rational decisions at scale. This is the core idea behind the Proof-of-Work algorithm that backs Bitcoin’s consensus.
Building software that relies on economic security allows for engineering feats that were never previously possible, such as permissionless electronic money. However, understanding precisely when these systems are secure is extremely challenging, and little research currently exists. To remedy this problem, DARPA held a workshop entitled “Applications and Barriers to Consensus Protocols” at their headquarters earlier this year.
Thanks to an introduction by DARPA at this workshop, employees at Trail of Bits and Prysm group realized there were almost no resources for blockchain companies trying to build systems resilient against failures in code correctness or economic design. Existing offerings were limited in scope, while attackers worked much more holistically.
Solving correlated problems with a joint offering: Mainnet360
Blockchain networks require both an economic review and a code review to ensure security. Mainnet360 is the first service to provide both.
It takes a complex interaction of economics and computer science to secure blockchain systems; implementation errors in either area allow value to be stolen, destroyed, or not fully captured. Mainnet360 clients will receive a comprehensive review of both the economic framework that drives their system and the code with which it is implemented. In this way, Mainnet360 confirms that a system’s deployed code is correct and incentivizes users to add value to the system.
Delivering all-in-one expertise
Building stable decentralized systems requires a broad set of experts cooperating closely, which Mainnet360 provides in one convenient package. The Mainnet360 team will work closely with developers to identify and remove risks, architect future work, and find the ideal technical solutions with the economic constraints in mind.
Offering new benefits for blockchain platforms
In addition to system design review, Trail of Bits specializes in creating testing and verification tools. Now with the support of Prysm Group, Trail of Bits is extending this tooling further to verify economic properties.
About Trail of Bits
Since 2012, Trail of Bits has helped secure some of the world’s most targeted organizations and products. They combine high-end security research with a realworld attacker mentality to reduce risk and fortify code.
About Prysm Group
Prysm Group is a blockchain economics and governance design firm led by Harvard-trained PhD-level economists with areas of expertise in consortium governance, consensus governance, token economics, incentive design, and market structure. Taking a first-principles approach, Prysm Group uses the tools of contract theory, game theory, market design, social choice theory, and monetary economics to design customized solutions for distributed ledger technology and blockchain-based projects.
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