Cardano to double bounty amounts starting today through March 25
As announced by the Cardano Foundationincentives for white hat hackers will be doubled through March 25 as Cardano remains committed to building a secure, resilient, and highly decentralized network capable of handling the demands of the next decade and beyond.
Hackers can receive up to $20,000 for discovering critical Cardano node security flaws, while the safety group can earn up to $15,000 for discovering critical Cardano-Pockets security flaws.
The Cardano Foundation launched its bug bounty program in August 2021 in collaboration with HackerOne, a bug bounty platform that connects businesses with one of the largest hacker communities in the world. According to the Cardano Foundation, human “ethical hackers” detect flaws in blockchains better than automatic vulnerability scanners.
Cardano looks ahead
The stress testing of its network comes as Cardano is taking continuous steps to improve its smart contracts and transaction throughput. Cardano’s Alonzo hard fork ushered in the Plutus smart contract platform, paving the path for NFTs, dApps and DeFi on the network.
With the imminent launch of many new Cardano projects, the ecosystem will see a considerable expansion, requiring increased security.
Wormhole, a token bridge between Solana and other DeFi networks, suffered a security breach in February, resulting in the loss of 120,000 wrapped Ether (wETH) tokens valued at $322 million. The Wormhole team tried to bargain with the hacker by promising a $10 million bug reward in exchange for the return of the funds. As a result, Cardano’s efforts to strengthen its network security may be a step in the right direction.
