It's Happening

After much discussion, it is time to raise the funds needed to audit our implementation of Bulletproofs. You can read the initial FFS posting providing information about potential reviewers and statements of work, and the r/Monero post containing comments from the community.

Based on internal discussion among developers and researchers, and on community input and comments, the decision has been made to hire Benedikt Bünz, QuarksLab, and Kudelski Security in that order. The results from the audits will be made public, posted here and in r/Monero.

Request

Funding amounts are based on a rough recent average XMR exchange rates to USD. We are working with the Open Source Technology Improvement Fund (OSTIF), which has generously offered to manage the exchange of XMR to USD to pay QuarksLab at no additional cost. Benedikt Bünz will be paid in XMR directly, and Kudelski will be paid in USD.

Benedikt Bünz: 36.4 XMR

QuarksLab: $20625 USD + 91 XMR (half of their total has already been exchanged and paid)

Kudelski Security: $30000 USD

The total request, including a healthy buffer to account for volatility and transfer fees associated to disbursement, is for 457 XMR, using an exchange estimate of 200 XMR/USD. Since most funding is in fiat currency, this amount will be updated to reflect price fluctuations until funded.