Cardano grew by 15% after Hoskinson’s words about the safety of Plutus smart contracts

The price of Cardano (ADA) increased by almost 15% after the statement of the head of IHK Charles Hoskinson on the safety of smart contracts Plutus. His words sounded against the backdrop of hacks of Defi projects of Monox and Badger DAO this week.

This is exactly who plutus was Written for Cardano. Good Languages ​​and Tooling Wotk with The Developer and Auditor Enabling Them to Write Great and Secure Code. Bad Languages ​​Load and Hand Them the Gun that Shoot Themselves with: https: // t.CO/JPYR88CEBJ

– Charles Hoskinson (@iohk_Charles) December 2, 2021

“That is why Plutus was written for Cardano. Good languages ​​[programming] and tools are focused on developers and audience, allowing them to write an excellent and safe code. Bad tongues only load them, handing them a gun capable of shooting at the owner, ”Hoskinons wrote.

After the publication of CEO IHK, Cardano quotes exceeded $ 1.76. At the time of writing, the price was adjusted at $ 1.66.

On November 30, a hacker withdrew cryptoactives worth $ 31 million from the Monox platform based on Polygon. According to the developers, the attacker took advantage of the mistake in the code of the swap contrack-she allowed him to “inflame” the price of the Mono token, and then purchase “all other assets in the pool” for him.

“Security has always been very important for us. For three months we tested the platform, launched the Bag Bounty program, and also conducted three audits before launching. During these checks, all elements with high risk were immediately fixed, ”the developers wrote after the incident.

Hoskinson also noted auditors who could not find a critical vulnerability.

I heard Twenty good Engineers Told them it was solid ….

– Charles Hoskinson (@iohk_Charles) December 2, 2021

“I heard twenty good engineers told them that [code] is reliable,” he wrote.

On December 2, the unknown hacked the Defi Protocol Badger Dao. According to PeckShield, the amount of damage exceeded $ 120 million – the attacker withdrew ~ 2100 BTC and 151 ETH.

Presumably, the hacker took advantage of the exploit in the user interface. The project of the project suspended all smart contracts and is investigating the incident. The developers also attracted Chainalysis experts and reported the incident to law enforcement agencies of the United States and Canada.

For now, The Pace on Smart Contracts Continues in Order to Prevent Further WithDrawals. Badger Will Share Further Updates as Soon as They Avalable.

– ₿adgerdao 🦡 (@Badgerdao) December 2, 2021

In September 2021, IOHK activated the alonzo update, which allowed to deploy smart contracts in the main Cardano What are wrapped network. However, at the moment, there are practically no working decentralized applications in the blockchain.

One of the most high -profile projects based on Cardano – Sundaeswap – only on December 5 will begin to test his DEX .

Good Luck to All the @sundaeswap Team & Community with Their #cardano Testnet Launch, Announced for this Weekend. We’ve Been Happy to Collab with the Team on Their Plans. You can read more here: 1/3 https: // t.Co/7irifid9ys

– Input output

The platform is publicly supported by IOHK, unlike Muesliswap. The latter at the end of November announced the launch of the platform, positioning it as the first decentralized exchange on Cardano.

Recall that in September, the Hoskinson, oriented to the Hoskinson project, said that it invests $ 100 million in the development of Defi and NFT in the blockchain ecosystem.