Exploring Cardano Blockchain Security with Adam of Cardano Shield & Gero Wallet

In a recent Yoroi X (Twitter) Space, we had the pleasure of hosting wallet security experts Adam Cazes of Cardano Shield and Gero Wallet and Josh Marchand of SecurityBot. Wallet security is a topic that resonates deeply with Yoroi Wallet users and just about anyone navigating the Cardano DeFi landscape, so we’ve created a blog series from the X space discussion.

In this first part of the series, we sought to understand the broader context of Cardano’s blockchain security and what sets it apart. Join us by reading the transcript to learn why Adam believes Cardano stands at the forefront of security.

Omar (EMURGO Fintech): Adam, let’s start with Cardano’s blockchain security. Can you shed some light on what makes Cardano secure compared to other blockchains, particularly those using an account-based model?

Adam (Cardano Shield / Gero Wallet): Absolutely. Cardano’s security is largely attributed to the Ouroboros proof-of-stake protocol, which employs an extended UTxO model. This model enhances security and privacy by segregating transaction validation data, thus reducing vulnerability to attacks.

One key feature is the mandatory signing of transactions, ensuring no action can occur without the user’s consent.

Unlike account-based networks, where wallet drainings are prevalent, Cardano’s structure prevents unauthorized access. When a user initiates a transaction, they are presented with a clear summary of its details, minimizing the risk of falling victim to scams. While true wallet drainings are virtually impossible on Cardano without user consent, ensuring a secure environment for transactions and smart contracts.

Adam highlighted the crucial role of user experience in maintaining security. Despite Cardano’s robust protocol, users unfamiliar with the eUTxO model may overlook transaction details, potentially exposing themselves to risks. However, at its core, Cardano prioritizes user empowerment, requiring explicit authorization for every transaction.

In comparison to Ethereum’s account-based model and other relay networks, Cardano offers a more secure platform for conducting transactions and executing smart contracts.

Read more: What is an account-based model vs. an UTXO model in blockchain?

Cardano’s commitment to security and user-centric design principles sets a high standard for blockchain technology, ensuring the protection of users’ assets and fostering trust in the digital economy.

Cardano’s secure backbone underscores a critical message for all of us in the digital age: the importance of being informed and vigilant in protecting our digital assets.

Stay tuned for our next blog installment, where we will delve further with Josh from SecurityBot on Attack Vectors within the Web3 Space.

Download Yoroi Wallet to connect to the Cardano dApp ecosystem

Developed by EMURGO Fintech, a division within EMURGO, Yoroi is an open-source crypto wallet for the Cardano ecosystem. Yoroi is also self-custodial, meaning the user has complete control over their Cardano ADA and can use it to stake and transact however you like. To help our users get the most out of their ADA, Yoroi gives you access to all the different stake pools available in the Cardano community. Yoroi was the first light wallet supporting Cardano ADA. Yoroi has been providing users with transparency, increased security, and decentralized collaborative innovation since 2018.

To send, receive, store, swap, or stake ADA your ADA in a secure way, download Yoroi Wallet now.

Yoroi offers both mobile and desktop browser versions.

Also, follow Yoroi on Twitter to receive the latest wallet updates and announcements.

About Yoroi Wallet

Yoroi Wallet is an open-source crypto wallet that empowers your Web3 journey.


You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by EMURGO to invest.