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Phylax Systems
Phylax Systems is a security company that aims to solve security issues to enable the success of cryptocurrency. They are building the Phylax Credible Layer, a network extension that enables apps to define security rules and prevents transactions from violating them, and have raised a $4.5mm pre-seed round to back credible security.
Distributed
Description
Phylax Systems is a company focused on credible security, particularly in the context of rollup architectures. Their approach combines rationality, balance, versatility, and precision, viewing defense not as opaque domination but with clarity and flexibility. They aim to create quality tooling to prevent hacks and other critical events. The company's aesthetic blends ancient art with frontier elements, reflecting their mission to solve enduring security problems with new methods. They also provide resources like a whitepaper, documentation, and a blog to engage with their community and partners. Every transaction that violates your rules is removed by the network at the sequencer level. This deterministic approach means there are no false positives. Written in Solidity, with foundry-like syntax, assertions are just like an in-contract require statement, but faster and more expressive, with no contract modifications or downtime during implementation. All active assertions are public and verifiable, allowing users to inspect the exact rules protecting their funds, and developers can fork proven rule sets from similar protocols.Grant Funding
VC Funding
None
2024
$0
$4.5M