Skip to main content

Cardano Foundation Doubles Reward Offered to Hackers for Uncovering Bugs on Its Blockchain

The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an ongoing attempt to keep “its businesses and customers safe.”

Strengthening the Cardano Brand

The Cardano Foundation recently announced the start of a promotion that will see it double the value of the reward given to bounty hunters that discover vulnerabilities within the Cardano ecosystem. Starting from February 14, hackers and bounty hunters that identify critical vulnerabilities in the Cardano Node will be paid a maximum of $20,000.

The lowest amount that will be paid to hackers that discover the least critical bug or vulnerability in the node is $800. On the other hand, for bounty hunters that uncover critical vulnerabilities in the Cardano Wallet, a maximum payout of $15,000 is offered, while hackers that find less critical vulnerabilities will be given a minimum reward of $600.

In a statement explaining its decision to start the six-week promotion, The Cardano Foundation suggested that finding vulnerabilities is what can “keep our businesses and customers safe.” The foundation also said:

From this program, we aim to strengthen the Cardano brand through this public bug bounty program, covering essential items to access and manage crypto assets that are issued on the Cardano blockchain.

Scope of Reward Program

Meanwhile, the statement clarifies that “the scope of the bug bounty program will not include any UI or general functionality bugs.” It will, however, include bugs or vulnerabilities that lead to the leakage of sensitive information, the foundation said. Bugs that cause the service to crash, as well as attacks that compromise or harm the quality of the blockchain, are also included in the reward program.

In addition, the foundation asked hackers that uncover areas that may be seen as “an exploitable vulnerability” to reach out so arrangements can be made to discuss these “on a case-by-case basis.”

What are your views concerning the Cardano Foundation’s decision to double the bounty rewards? Tell us what you think in the comments section below.



from Bitcoin News https://ift.tt/mP5InMS
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more