Is the code of Umbra peer reviewed and security audited? This should be the question that should be asked by the community starting now. We have seen that even a security audited code will also have bugs like the DAO. It very hard to trust a system in these times.
Peer reviews are expensive and we learnt the hard way that not just anyone can be trusted to complete one, until recently this project was very underfunded with little donation support, and since SDC was not pre-mined nor did it have any IPO, ICO etc we had little funds to go towards this. we did have a cryptographer as a core member at one point but personal issues made it difficult for him to participate in the project anymore.but the recent price rise has has given our team a big boost in that area as community members have donated towards completing this phase of the project quickly, as you can see we have achieved a lot unfunded so you can imagine the progress we will be making from now on.
The peer review is being organised as we speak and has been in the works for a few weeks.
It was one of the first priorities on the Dev teams to do list that required more funding.
believe it or not SDC devs hold very very few SDC, some people find this discouraging assuming this will mean the Devs are not as motivated to work, to the contrary they are in this for the right reasons that is obvious as they have worked for over 2 years unfunded.
