$ADA Cardano founder Charles Hoskinson takes to X to highlight the network’s commitment to security.
This comes after Cardano-based FluidTokens released a comprehensive 106-page audit report for its lending V3 protocol. Engineering firm Vacuumlabs, known for auditing smart contracts on the Cardano and Ethereum networks, completed the audit of Fluid Token’s V3 lending platform.
✨FluidTokens V3 Lending Platform Audit Report
After receiving the final report, FluidTokens shared all 106 pages via a short video on its official X account. The move seeks to promote transparency and build trust within the crypto community.
Such openness contrasts with the practices of some crypto projects that keep internal audit reports confidential. However, FluidTokens shared the comprehensive 106-page audit report to highlight its commitment to user safety and project integrity.
✨Hoskinson Highlights Cardano Security
Meanwhile, Hoskinson seized the opportunity to highlight Cardano’s dedication to security. Quoting FluidToken’s X post, he noted that the Cardano ecosystem takes security seriously.
In his view, FluidToken’s audit report serves as evidence that projects within the Cardano ecosystem hold themselves to high security standards.
This commitment is part of a broader effort to protect users from vulnerabilities that could lead to financial loss. Hoskinson has consistently drawn attention to the network’s strengths, particularly its focus on security.
Earlier this week, following a 51% attack on Monero, Hoskinson discussed the mechanisms the Cardano ecosystem has implemented to prevent such incidents from affecting its privacy-focused sidechain, Midnight.
According to The Crypto Basic, blockchain project Qubic took control of the Monero network on Tuesday, with its mining pool power reaching 3 GH/s. After the 51% attack, Qubic was able to orphan competing blocks and reorganize the Monero blockchain, among other capabilities.
In response, Hoskinson pointed to the Monero attack as a major reason why the Cardano team built the multi-resource consensus protocol Minotaur for the Midnight sidechain.
The protocol offers a blend of proof-of-work (PoW) and proof-of-stake (PoS) consensus models, and prevents anyone from gaining control of the network, according to Hoskinson.
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