Cardano Offers Up To $10,000 For Network Vulnerabilities In Bug Bounty
August 31 2021 - 1:00PM
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Cardano is getting ready for the release of smart contracts
capability on September 12th. To this end, the Cardano Foundation
is taking steps to make sure that there are no vulnerabilities in
the network ahead of launch. A new partnership will help to
facilitate this, while also engaging the broader community to take
part in making sure that the beloved ecosystem is as safe as
possible. Cardano Foundation, in conjunction with HackerOne,
recently released a bug bounty program. This program aims to reward
hackers for any vulnerabilities that they may find in the network.
Bug bounty programs incentivize hackers to find and report
vulnerabilities in a network instead of exploiting them for
personal gain. Related Reading | Cardano (ADA) Getting Ready
For A $3 Retest? Why A Bug Bounty Program Is Important There is no
doubt that for an ecosystem as vast as Cardano, its team alone
cannot find out all of the vulnerabilities in the network. This is
where bug bounty programs come in. It draws in the wider hacker
community to help find as many vulnerabilities as possible.
The partnership with HackerOne will draw in its large base of
hackers, with over 250,000 vulnerabilities already found and
reported by its hackers. Related Reading | Cardano (ADA)
Founder Responds To Criticism Over New Crypto Partnership Ahead of
its biggest project launch yet, the foundation is committed to
making sure that the entire network is secure for use once it
starts onboarding the general public to the mainnet with smart
contracts capability. “Cardano is a leading blockchain ecosystem
that aims to enable integrated blockchain solutions globally. It is
our duty to maintain the highest standards and commitment to code
transparency and reliability to ensure that the protocol remains
viable for mission-critical applications delivered around the world
from individuals, start-ups, enterprises, financial institutions,
and governments alike.” – Jeremy First, Project Manager, Cardano
Foundation. Keeping Cardano Blockchain Safe Finding bugs through
ethical hackers is one of the most efficient ways for any
organization to fish out vulnerabilities in its network. Projects
like Cardano will usually use automated scanners to check for
vulnerabilities in the networks. But bugs that are ‘chained’
together cannot be detected by these automated scanners. This is
where human hackers come in. Related Reading | Crypto Analyst
Lays Out ADA Pathway To $4 Ethical hackers use creative thinking to
identify places where these ‘chained’ bugs may reside and then
report them to be fixed. So something an automated scanner would
not catch, an ethical hacker, through the HackerOne bug bounty
program, would find and then report. Increasing the safety of the
network. Rewards for the bug bounty are separated into four
different levels; low, medium, high, and critical. The bug bounty
is also separated into two groups. Bugs can either be reported in
the Cardano Wallet or the Cardano Node. The rewards range from $300
for low priority bugs in the Wallet to as high as $10,000 for the
critical level bugs in the Node, which will be paid in its native
token ADA. ADA price continues to trail $2.8 | Source: ADAUSD on
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