All Seems Well With Cardano As Third-Party Auditor Approves Project Icarius

On October 20, Input Output Hong Kong (IOHK) announced that the third-party security audit conducted by Kudelski security on Cardano’s Icarius wallet software gave favorable results. Therefore, the Icarius project is ready for the next phase as everything seems to be in place for a successful launch.

The IOHK team announced the Icarius Project in August. It is basically a reference implementation which other developers can use to create their own lightweight mobile wallet for Cardano. The IOHK representative, Laurie wrote:

“IOHK is pleased to announce the recent audit conducted by Kudelski Security for Icarus, IOHK’s reference implementation for a lightweight wallet developed by the engineering team. Kudelski Security’s audit is an independent and third party security audit, which was completed on numerous audits for various IOHK products.”

Lightweight wallets are essential because its functionalities do not require users to download all the data on a blockchain. This is an advantage because blockchain data can be very voluminous-usually in gigabytes. However, the post revealed that the IOHK team is currently working on the issues detected during the security audit. Laurie stated:

”Independent audits, like this one, are critical for identifying security issues in the Icarus wallet that may not have been identified by internal audits. At the end of the audit, Kudelski responsibly discloses the identified defects so that our developers can correct them prior to the next release of the software. This ensures our customers and clients have the most secure wallet we can provide.”

IOHK and the Cardano Foundation

This development papers the crack in the relationship between the Cardano Foundation and the IOHK team with the latter announcing that it is dissociating from the former. Apparently, IOHK is not satisfied with the way the Cardano Foundation is running its business. IOHK’ chief executive Charles Hoskinson who is also the founder of Cardano revealed that the relationship between IOHK and the Cardano Foundation hit a brick wall. Apparently, the latter’s Director introduced new business models that infringed with Cardano’s business principles.

Hoskinson explained that the original model which segregated the Cardano ecosystem into three divisions- the Cardano Foundation, IOHK, and Emurgo– was implemented to prevent the centralization of power.  However, Hoskinson believes that Cardano Foundation’s Director Michael Parsons latest business decisions are threatening the actualization of this vision.

Split Not Affecting Cardano’s Development

Interestingly, the split has not affected the progress of the various pending upgrades and projects planned for the Cardano ecosystem. As such, IOHK and Emurgo are focusing on the actualization of the objectives of Cardano’s roadmap. This includes the introduction of a testnet IELE and the release of an Ouroboros paper which will detail the way developers can create sidechains.

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