Cardano is preparing to release smart contracts on September 12th. To this end, the Cardano Foundation is taking steps to ensure that there are no weak points in the network before starting. A new partnership will help make this easier while engaging the wider community to ensure that the ecosystem you love is as safe as possible.
Cardano Foundation recently launched a bug bounty program in partnership with HackerOne. This program aims to reward hackers for any vulnerabilities they find on the network. Bug bounty programs provide an incentive for hackers to find and report vulnerabilities in a network rather than exploiting them for personal gain.
Related reading | Cardano (ADA) Preparing for a $ 3 Retest?
Why a bug bounty program is important
There’s no doubt that for an ecosystem as large as Cardano, the team alone can’t figure out all of the network’s vulnerabilities. This is where bug bounty programs come into play. They attract the broader hacker community in order to find as many vulnerabilities as possible. The partnership with HackerOne will address its large hacker base with over 250,000 vulnerabilities found and reported.
Related reading | Cardano founder (ADA) reacts to criticism of new crypto partnership
Before starting the largest project to date, the foundation has committed to ensuring that the entire network is safe for use as soon as it begins to involve the public in the mainnet with smart contracts capability.
“Cardano is a leading blockchain ecosystem that aims to enable integrated blockchain solutions worldwide. It is our duty to adhere to the highest standards and commitment to code transparency and reliability to ensure that the protocol remains appropriate for mission-critical applications deployed by individuals, startups, corporations, financial institutions and governments around the world. ”- Jeremy First, Project Manager, Cardano Foundation.
Keeping Cardano Blockchain secure
Getting ethical hackers to find bugs is one of the most efficient ways for any company to find vulnerabilities in their network. Projects like Cardano usually use automated scanners to look for vulnerabilities in the networks. But errors that are “chained” together cannot be detected by these automated scanners. This is where human hackers come in.
Related reading | Crypto analyst sets ADA path to $ 4
Ethical hackers use creative thinking to identify locations where these “chained” bugs might be and then report them for remediation. Something that an automated scanner would not detect, an ethical hacker would find through the HackerOne bug bounty program and then report it. Increasing the security of the network.
The rewards for the bug bounty are divided into four different levels; low, medium, high and critical. The bug bounty is also divided into two groups. Bugs can be reported either in the Cardano Wallet or in the Cardano Node. The rewards range from $ 300 for low priority errors in the wallet to $ 10,000 for the critical errors in the node paid for in its native ADA token.
The ADA price is still behind $ 2.8 | Source: ADAUSD on TradingView.com Featured image from The Cryptonomist, chart from TradingView.com
