Cardano‘s blockchain has seen some rapid development over the past couple of months. Mainly owing to the launch of decentralized applications and accelerated adoption. However, security continues to remain a concern for the network, especially considering the threats most blockchains are constantly under. In fact, billions have already been lost across cryptocurrency and DeFi exploits over the past year.
In a move that is meant to strengthen these security efforts, Cardano has announced the commencement of its bug bounty program on Hackerone. This effort at enhancing network security will run from 14 February 2022 to 25 March 2022. During this period, hackers will receive double the usual rewards for unearthing vulnerabilities on the network.
Rewards have been set separately for Cardano nodes and hackers, with the former set to receive $20,000 for spotting critical bugs and $10,000 for those with a high vulnerability. Similarly, hackers will be able to earn $15,000 for more critical bugs and $6,000 for those labeled as high risk.
For spotting medium and low bugs, nodes can potentially bag $4,000 and $800 while hackers can earn $2,000 and $600, respectively.
While announcing the program, the non-profit Cardano Foundation noted,
“From this program, we aim to strengthen the Cardano brand through this public bug bounty program, covering essential items to access and manage crypto assets that are issued on the Cardano blockchain.”
This development has come at a time when the adoption of the Cardano blockchain has been skyrocketing and the need for ensuring security is pertinent. Just yesterday, the network’s transaction volume surpassed that of Bitcoin and Ethereum combined, which are the two top cryptocurrency blockchains
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