Cardano Increases Incentives for White Hat Hackers, Here’s Why

AnalysisCardano Increases Incentives for White Hat Hackers, Here's Why


As announced by the Cardano Foundation, incentives for white hat hackers will be doubled until March 25, as Cardano remains committed to building a secure, resilient and highly decentralized network that can handle 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 world’s largest communities of hackers. Human “ethical hackers,” according to the Cardano Foundation, are better at detecting holes in blockchains 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 numerous new Cardano projects, the ecosystem will see tremendous expansion, necessitating 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.



Learn more

Latest news

M&T Bank Stock Falls to Lowest Level Since 2021

M&T Bank Stock Falls to Lowest Level Since 2021 Learn more

Family And Friends Investing In Your Business? Nine Tips To Keep Things Cordial

Making your investors happy can always be a tricky task, but the situation can grow even more complex...

How FTX brass racked up a $55K debt at ‘Margaritaville’ resort in Bahamas

FTX brass and employees spent a large amount of time and money wasting away in Margaritaville — before...

Dogecoin Fan Elon Musk No Longer World’s Richest Person

Alex Dovbnya The net worth of Elon Musk, a vocal proponent of Dogecoin, has taken a massive hit this...

Changpeng Zhao Calls Crypto “Stable” Despite Price Turmoil

Changpeng Zhao – the head honcho of Binance, the largest digital currency exchange in the world – stated in...

Carvana Plunges as Apollo-Pimco Creditor Truce Creates Stock Doubts

(Bloomberg) -- Carvana Co. plunged on Wednesday as Wall Street’s pessimism spread on its shares after the online...

Must read

M&T Bank Stock Falls to Lowest Level Since 2021

M&T Bank Stock Falls to Lowest Level Since...

Family And Friends Investing In Your Business? Nine Tips To Keep Things Cordial

Making your investors happy can always be a...

How FTX brass racked up a $55K debt at ‘Margaritaville’ resort in Bahamas

FTX brass and employees spent a large amount...

You might also likeRELATED
Recommended to you