Cardano will pay up to $10,000 to hackers who find vulnerabilities in your network
Cardano will pay up to $10,000 to hackers who find vulnerabilities in your network By Hannah Perez

The Cardano

Foundation invited hackers to find flaws in the network through a new program in partnership with the HackerOne platform.

***

The Cardano blockchain

is ready to beef up its network security with the help of hackers.

The Cardano Foundation, an organization responsible for providing support to the ecosystem, recently announced the launch of ‘Bug Bounty‘, a new program that will provide rewards to hackers who find weaknesses in the Cardano

network.

The launch of the program comes in partnership with HackerOne, a platform specializing in vulnerability management that connects companies with hackers to expose cyber flaws. The Cardano Foundation informed in a statement

that was shared through its official Twitter channel.

According to the information, the new program will rely on ethical hackers, also known as white hat hackers, and HackerOn’s meticulous processes.

e to help ensure the blockchain is as trustworthy and secure as possible. Cardano is as trustworthy and secure as possible.

Up to $10,000 for ethical hackers

According to the program’s page alongside HackerOne, the rewards for exposing each vulnerability on Cardano range from USD$300 to USD$10,000 depending on the severity of the problem. If a problem is identified in the codebase, hackers will investigate it. Cardanos codebase, hackers will investigate it to see if it constitutes a major vulnerability or a potential attack on key network components.

Hackers can receive up to $10,000 for finding critical vulnerabilities in nodes on the Cardano. They will also be eligible for a bounty of up to USD $7,500 for making the team aware of major flaws in the . Cardano.

In this way, ethical hackers are incentivized to identify vulnerabilities and properly disclose them so they can be fixed before serious damage is done. Jeremy Firster, Project Manager at the Cardano Foundation, noted that the program is part of Cardano’s commitment to maintaining the highest standards. Cardano to maintaining the highest standards.

This next step in security protection will help us become the most stress-tested and diligently maintained Blockchain. [In addition,] it’s a clear signal of the values we place on security and public protection.

With more than 250,000 genuine vulnerabilities disclosed and contacts with hackers around the world, HackerOne works with companies and organizations ranging from the U.S. Department of Defense. to Dropbox, Goldman Sachs and Google.

A pivotal moment for security

The announcement of the new Cardano program comes amid a growing wave of cyber attacks targeting decentralized finance platforms (DeFi) and industry projects. Blockchain.

A few weeks ago, we reported on an attack on the <a href=”https://www.diariobitcoin.com/negocios/verticales/seguridad/poly-network-ofrece-a-hacker-puesto-como-asesor-jefe-de-s eguridad/” target=”_blank” rel=”noopener”>Poly Network, which resulted in losses of $600 million and was labeled the largest hack of a DeFi. Luckily, in that particular case, the attacker was willing to cooperate with the platform to return the stolen funds.

According to research by HackerOne, 85% of hackers initiate attacks of this type to challenge themselves, learn and expand their skills. The percentage is higher than the group motivated by monetary rewards (76%).

The new program from Cardano also comes at a crucial time for the blockchain project, which is just days away from the rollout of the long-awaited smart contracts. IOHK, the tech development company behind the project, plans to roll out the ‘Alonzo‘ update, which will bring such functionality to the network on September 12.

In the coming days, we will be conducting final checks and tests in a controlled environment to ensure we are ready to upgrade the Cardano core network and usher in a transformative era of smart contract capability.

Recommended Reading

Sources: Cardano Foundation, Finbold, archive

Version by Hannah Estefania Perez / BitcoinDaily

Image by Unsplash