According to an independent safety review conducted by Red4Sec, there are no "critical vulnerabilities" in the NANO. Red4Sec is a cybersecurity company that has been present charge to review the node software for NANO. The company was entered by the Nano Foundation to conduct the audit.
NANO has no critical vulnerabilities
The NANO cryptocurrency seems to have no critical vulnerabilities according to Red4Sec. The company was launched in September to conduct a verification of consent and software representing virtual currency. After working and testing this digital asset, there are no serious exploits in this cryptocurrency.
The founder of Nano, Colin Le Mahieu, commented in a statement:
"When we started the challenge of finding a qualified company to conduct a security check, we were immediately impressed by the knowledge of cryptography and distributed systems owned by the Red4Sec team." Our team is confident that it has come to the best choice for aggressively test the Nano consent protocol. "
This is very important for NANO who has experienced a devastating situation at the start of this year. In February, the BitGrail exchange (focused on NANO) was attacked. They lost about $ 150 million in NANO, something that completely damaged one of the fastest cryptocurrencies on the market.
The founders of BitGrail accused NANO of having a problem in their code that hit the entire network and produced vulnerabilities exploited by hackers. However, NANO has always explained that this is not in this way and that the hack was the fault of the Italian cryptocurrency exchange.
With this review, NANO can show investors that it is a serious virtual currency that should continue to grow in the future.
Red4Sec has also tested other blockchain networks and virtual currencies such as NEO, TenX or nOS, among others.
Diego Jurado, co-founder of Red4Sec, commented on the issue:
"At Red4Sec we always like to know new disruptive technologies and, at this point, we are impressed by the innovative vision of Nano solutions for the transfer of peer-to-peer value.It is a pleasure for us to be able to work actively to improve security of the Nano protocol, in collaboration with the Nano Foundation. "
NANO is currently the 39th largest virtual currency on the market. It has a market capitalization of $ 152 million (almost the same amount stolen in February 2018) and can be purchased for $ 1.15. In the last 24 hours, NANO has recorded a growth of 7.33%.
These audits conducted by Red4Sec and other security companies allow the cryptocurrency space to be more prepared for the future. Furthermore, security standards increase among the main virtual currencies.