According to TechFlow, Cosmos Hub released a new proposal, in which Simply Staking commissioned Zellic to conduct a third-party audit of the permissionless ICS function.
The proposal uses community pool funds to audit the permissionless ICS functionality that allows anyone to create a consumer chain that opts in. The audit is expected to take 2.4 calendar weeks and cost $90,000.
The proposal includes a 10% coordination fee and a total budget of approximately $121,500 (approximately 24,850 ATOM). Funds will be managed through a multi-signature wallet to ensure transparency.
The audit aims to improve the security and reliability of the Cosmos ecosystem and promote faster and more convenient chain launches.
