The public blockchain platform Cardano declares that it has doubled the payout for white hat hackers and bounty hunters that can identify vulnerabilities or bugs in its smart contracts blockchain. The firm has revealed that this six-week promotion, which will close on March 25, aims to keep “its businesses and customers safe.”
Cardano started six-week promotion recently and doubled the reward for bounty hunters and hackers to find vulnerabilities in the Cardano ecosystem. $20,000 is the highest amount platform has offered to hackers for discovering critical bugs in the network, starting from February 14.
Similarly, hackers identifying the minor bugs in the Cardano nodes will receive a low amount of $800.
On the other side, bounty hunters discovering critical vulnerabilities in the Cardano Wallet will get a payout of $15,000 while $600 reward for those who uncover less critical vulnerabilities in the Wallet.
In August 2021, the foundation partnered with the white hat hackers’ platform, HackerOne, a vulnerabilities management firm that uses hackers to find flaws and vulnerabilities to secure the financial ecosystems from attacks. Previously, the firm offered $10,000 to find critical vulnerabilities in its network while $7500 for identifying critical weak points in Cardano Wallet.
To boost the security check of its network, the Cardano Foundation has now doubled the bounty reward for hackers to uncover vulnerabilities in its blockchain.
Cardano Strengthens Its Platform
While explaining the moto behind the promotion, the platform has told that it needs to work with the security community for finding vulnerabilities points to “keep our businesses and customers safe.” and added;
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.
The company also clarified that “the scope of the bug bounty program will not include any UI or general functionality bugs.” While identifying the type of bugs and vulnerabilities considered for a reward, the foundation mentioned that these should be sensitive. For example, it includes identifying errors that can cause crashes and the attacks that may cause to lower the blockchain quality.
Furthermore, the blockchain firm mentioned it wants hackers to uncover those areas that can be “an exploitable vulnerability,” opening a way for cybercriminals so that each finding can be arranged to discuss “on a case-by-case basis.”
Undoubtedly, crypto adoption is increasing fast, and so is the crypto community. Therefore, the white hat hackers will play an essential role in fighting against vulnerabilities and hacks constantly growing. To put it simpler, white hat hackers seek security loopholes or vulnerabilities that a black hat hacker/cybercriminal can use as its way to enter a project. Fortunately, white hat hackers are becoming popular in the crypto space due to everyday exploits.
Featured image from Pixabay and chart from TradingView.com
- bug bounty
- Crypto adoption
- crypto assets
- crypto community
- public Blockchain
- Smart Contracts