Input-Output, the science and engineering firm headed by the Founder of Cardano, Charles Hoskinson recently announced an audit conducted by Kudelski Security for its Icarus project. Icarus is a code developed by IOHK as a reference implementation for a Cardano light wallet, just like Yoroi that was launched previously.
The firm that audited the code is a third-party and independent security auditor that has contributed to IOHK several other times.
IOHK decided to go for a third-party audit as it believes that internal audits may miss the critical aspects of identifying security issues. Therefore, this enables the developers from IOHK to fix the issues pointed out in the audit for the launch of the product. The firm also added:
“This ensures our customers and clients have the most secure wallet we can provide.”
Furthermore, Cardano’s native organization defined Icarus as an open-source code base that is built to be used as a reference to further create secure and light mobile wallets for Cardano. It also aims to provide developers to have access to tools that they require to build on the ecosystem.
Despite the developments, ADA, Cardano’s native cryptocurrency token has not been doing great in the market. At press time, the token was trading at $0.074 with a market cap of $1.93. It is currently experiencing a slump of 2.67% with a total 24-hour trading volume recorded at $22.5 million.
In a recent AMA [Ask-Me-Anything] session conducted by Hoskinson, he spoke about Cardano’s success and its correlation with the funding raised by the project during its ICO. While projects such as EOS and Tezos raised a lot more money than Cardano, Hoskinson believes that money is not much of a factor in developing a decentralized and efficient cryptocurrency and blockchain ecosystem.
Regarding this, he also cited that the top-2 cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH] raised less capital to nothing to get where they are at today.
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