Input-Output, the office of science and engineering led by Cardano founder Charles Haskinson, recently announced an audit led by Kudelski Security for its Icarus project. Icarus is a code developed by IOHK as a reference implementation for a Cardano Light portfolio, such as Yoroi, which had been launched before.
The company that audited the code is a third-party and independent auditing company who has contributed to the IOHK on several occasions.
IOHK opted for an external audit because it believes that internal audits can bypass critical aspects of identifying security issues. As a result, IOHK developers can resolve the issues identified during the product launch audit. The company added:
“This guarantees our customers and clients the safest portfolio we can offer.”
In addition, the native Cardano organization has defined Icarus as an open source code base that serves as a reference for creating safer and easier mobile wallets for Cardano. In addition, developers must have access to the tools needed to integrate the ecosystem.
Despite developments, Cardano’s native cryptocurrency token was not good on the market. At the time of printing, the token was trading at $ 0.074 with a market cap of $ 1.93. It currently loses 2.67% for a total transaction volume of $ 22.5 million over 24 hours.
At a recent meeting of Ask-Me-Anything AMA led by Hoskinson, he spoke about Cardano’s success and its correlation with the project’s funding during its ICO. Although projects such as EOS and Tezos have yielded far more money than Cardano, Hoskinson believes that money is not an important factor in the development of an efficient and decentralized cryptocurrency ecosystem.
In this sense, he also mentioned that the two main cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH], had not earned less capital to get where they are today.