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Charles Hoskinson to Run $1,000,000 ADA Experiment In Order to Test Security

source-logo  cryptonews.net 28 December 2022 14:29, UTC
Anna Martynova

Cardano (ADA) co-founder Charles HOSKINSON says he's ready to bet on an upcoming security feature for the new Lace wallet. Created by the developer of Cardano Input Output Hong Kong (IOHK), Lace is a lightweight multi-chain crypto wallet that aims to seamlessly connect everything in Web2 and Web3 with a single interface.

Password management company LastPass reported last week that an unauthorized person gained access to a third-party cloud storage service the company uses to store archived backups of its production data. According to the LastPass CEO, the hacker obtained basic customer account information and related metadata, including company names, end user names, billing addresses, email addresses, phone numbers, and IP addresses from which customers accessed the LastPass service.

Hoskinson calls it a “screw up” on LastPass’s part and says it’s “pretty dirty what happened." The Cardano co-creator says “it’s a shame” that Pretty Good Privacy (PGP), an encryption program, isn’t a standard.

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