- Nano engaged Red4Sec, a cybersecurity firm, to audit Nano’s node software
- The audit found no major vulnerabilities
Earlier this year, Nano invited Red4Sec, an independent cyber security firm, to conduct an audit and penetration test of its node software. At the time, the team behind Nano was very confident in the firm’s abilities to properly audit their protocol.
“When we began the challenge of finding a firm qualified to conduct a security audit, we were immediately impressed with the knowledge of cryptography and distributed systems possessed by the Red4Sec team,” said Nano founder Colin LeMahieu. “Our team is confident that we’ve landed on the best choice to aggressively test the Nano consensus protocol.”
Passed with flying colours
The test and audit have been completed and the results are now in.
Red4Sec have reported that no vulnerabilities were discovered in the representative node software. The system audit, however, is still ongoing and the results will be released in the coming week.
“At Red4Sec we always like to learn about new disruptive technologies and at this point, we are impressed with the innovative vision of Nano’s solutions for peer to peer transfer of value,” Diego Jurado, Co-founder of Red4Sec said.
The independent review of Nano’s protocol is looking to prove very beneficial, both when it comes to discovering potential vulnerabilities and in assuaging some in crypto who feel that Nano is too young to hav passed the most important of tests for a currency – the test of time. A vulnerability in a system protocol can leave it prone to hacks and malfunctions.
Vulnerabilities have led to user accounts being compromised and entire firms have to shut down due to malicious activities. An example of this is the Pigeoncoin hack that occurred earlier this year when almost all the Pigeoncoin in existence was stolen by a hacker.
As greater security measures are put in place, the need for independent cybersecurity firms to audit system protocols will greatly increase, to the benefit both of projects like Nano and the many users of crypto out there.
The firms, on their part, seem to be enthusiastic about this development and the opportunity to work with blockchain firms:
“It is a pleasure for us to be able to actively work on improving the security of the Nano protocol, in collaboration with the Nano Foundation, a company which is concerned with improving the security of all its assets and the experience of its users,”