To my understanding only critical crypto implementations have been audited by third parties and the code responsible for P2P inherited from cryptonote has been largely untouched.
Following the recent attacks on the monero network, is it time to fund professional code audits?
How high would the cost be of let's say auditing the entire network layer or the Monero GUI?
I think paying a team to specifically try to find vulnerabilities may be a good idea and I am sure the CCS proposal would get funded fairly quickly.
What are your thoughts?
The extension of the Common Reporting Standard to crypto exchanges is expected this year.
"Congress might start imposing specific information reporting requirements on exchanges with a US presence."