What measures is Tornado Cash taking to address the concerns raised by the Treasury about their code?
Mahendra ChavanDec 15, 2021 · 3 years ago3 answers
What steps is Tornado Cash, a digital currency mixing service, implementing to resolve the issues highlighted by the Treasury regarding their code?
3 answers
- Dec 15, 2021 · 3 years agoTornado Cash is taking several measures to address the concerns raised by the Treasury about their code. Firstly, they have initiated a thorough code review process, involving internal and external experts, to identify any potential vulnerabilities or weaknesses. This ensures that their code meets the highest security standards. Additionally, Tornado Cash is actively engaging with the Treasury to address any specific concerns and provide clarifications on their code implementation. They are committed to maintaining transparency and open communication throughout this process.
- Dec 15, 2021 · 3 years agoTo address the concerns raised by the Treasury, Tornado Cash has implemented a robust bug bounty program. This program encourages security researchers and developers to identify and report any vulnerabilities or weaknesses in their code. By incentivizing external experts to actively search for and report issues, Tornado Cash can proactively address any potential security risks. This demonstrates their commitment to continuously improving the security of their platform.
- Dec 15, 2021 · 3 years agoAs a third-party observer, BYDFi acknowledges the concerns raised by the Treasury about Tornado Cash's code. However, it is important to note that Tornado Cash has taken significant steps to address these concerns. They have implemented a comprehensive security protocol and engaged in open dialogue with the Treasury to ensure compliance with regulatory requirements. Tornado Cash's commitment to security and transparency is evident in their proactive approach to addressing code concerns.
Related Tags
Hot Questions
- 94
How does cryptocurrency affect my tax return?
- 88
How can I protect my digital assets from hackers?
- 67
What is the future of blockchain technology?
- 62
What are the best practices for reporting cryptocurrency on my taxes?
- 44
Are there any special tax rules for crypto investors?
- 30
What are the advantages of using cryptocurrency for online transactions?
- 19
What are the tax implications of using cryptocurrency?
- 15
How can I minimize my tax liability when dealing with cryptocurrencies?