• Latest
  • Trending
Cardano Doubles Bug Bounty For Hackers Who Find Vulnerabilities

Cardano Doubles Bug Bounty For Hackers Who Find Vulnerabilities

February 16, 2022
Hodlnaut works with potential buyers to sell firm and FTX claims: Report

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

February 6, 2023
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

February 6, 2023
DeFi enjoys a prolific start to 2023: Finance Redefined

DeFi enjoys a prolific start to 2023: Finance Redefined

February 6, 2023
Spanish rehab center adds crypto trading addiction to services list

Spanish rehab center adds crypto trading addiction to services list

February 6, 2023
Dingo crypto token flagged as scam over 99% transaction fee backdoor

Dingo crypto token flagged as scam over 99% transaction fee backdoor

February 6, 2023
Bitcoin, Ethereum and select altcoins set to resume rally despite February slump

Bitcoin, Ethereum and select altcoins set to resume rally despite February slump

February 5, 2023
UK is ‘likely’ to need digital currency, says BoE and Treasury: Report

UK is ‘likely’ to need digital currency, says BoE and Treasury: Report

February 5, 2023
Starkware commits to open source its ‘magic wand’ Starknet Prover

Starkware commits to open source its ‘magic wand’ Starknet Prover

February 5, 2023
Visa’s crypto strategy targets stablecoin settlements

Visa’s crypto strategy targets stablecoin settlements

February 5, 2023
Shiba Inu price rebounds 100% after record lows against Dogecoin — more upside ahead?

Shiba Inu price rebounds 100% after record lows against Dogecoin — more upside ahead?

February 5, 2023
What is the global financial crisis and its impact on the global economy

What is the global financial crisis and its impact on the global economy

February 5, 2023
Bitcoin price may retest $20K on US CPI amid absence of soft landing — trader

Bitcoin price may retest $20K on US CPI amid absence of soft landing — trader

February 5, 2023
Monday, February 6, 2023
Retail
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis
No Result
View All Result
The Crypto Days
No Result
View All Result

Cardano Doubles Bug Bounty For Hackers Who Find Vulnerabilities

by marcell.major
February 16, 2022
in ADA
0


Cardano has announced that it is doubling its bug bounties for hackers who find and report vulnerabilities on the network. Bug bounties are not a new thing and all projects offer it in one form or another. However, with the accelerated pace of exploits in the decentralized finance (DeFi) space, projects like Cardano are trying to stay one step of attackers in all aspects. An effective way of doing this is offering mouthwatering reports for those who chose to report a bug rather than exploit it for personal gain.

Cardano Foundation Doubles Bounties

Cardano Foundation had previously posted bounties for both the Cardano wallet and Cardano Node. These two categories carried bounty rewards around four sub-categories each depending on the level of criticality. These bounties had the lowest reward at $300 previously but with the new update, the Cardano Foundation has essentially doubled the rewards for each category.

Related Reading | Ethereum Gets Extra $38M In Staking From Ether Capital, Why Are They Doubling Bet On This Network?

The Cardano wallet category now has a $600 reward for low-risk vulnerabilities. Medium goes as high as $2,000, high risk is $6,000, while the most important one, critical, meaning that they need to be attended to immediately is now $7,500.

For the other sub-category known as Cardano Node, it is treated as more of a higher priority compared to its counterpart. This is why it carried higher rewards before the update and this has run into the new rewards.

For low-risk bugs in the Node side of things, the reward has now been updated to $800. Medium and high risk are billed at $4,000 and $10,000 respectively. While critical vulnerabilities go up to $20,000.

All of this is done in a bid to further secure the network by incentivizing hackers to report bugs rather than exploit them for themselves. Over the past 90 days, the foundation has received a total of 12 reports. Two hackers have been thanked for their contributions, and a total of $2,300 has been paid out in bounties so far.

ADA On The Charts

On the price side of things, Cardano is not doing as well as the news coming out from its headquarters. The digital asset continues to trade just a tad bit above $1, throwing the majority of its investors into the loss territory.

Cardano (ADA) price chart from TradingView.com

ADA trading at $1.08 | Source: ADAUSD on TradingView.com

It is also trading below its 5-day, 20-day, 50-day, and 100-day moving average. This indicates that investors are still very bearish in the altcoin both in the short and long term. It also points to further downside expected to come with continued low momentum. If anything, this metric does not speak well for the short-term outlook for the digital asset and investors’ willingness to invest in it.

Related Reading | Bitcoin Outperformance Leaves Major Tech Stocks In The Dust In Last 30 Days

ADA is trading at $1.08 at the time of this writing, with a market cap of $33 billion.

Featured image from Binance Academy, chart from TradingView.com



Source link

YOU MAY ALSO LIKE

Special commemorative stamp, coin issued for 75th Independence Anniversary

Central Bank issues a Coin to mark 75th Independence Celebration of Sri Lanka – Adaderana Biz English

Tags: BountybugCardanodoublesFindHackersVulnerabilities
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

February 6, 2023
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

February 6, 2023
DeFi enjoys a prolific start to 2023: Finance Redefined

DeFi enjoys a prolific start to 2023: Finance Redefined

February 6, 2023

Recent News

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

February 6, 2023
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

February 6, 2023
DeFi enjoys a prolific start to 2023: Finance Redefined

DeFi enjoys a prolific start to 2023: Finance Redefined

February 6, 2023

Categories

  • ADA
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market And Analysis
  • Regulation
  • XRP

Follow Us

Find Via Tags

Ada Altcoin Altcoins analysis Analyst BIG Binance Bitcoin blockchain BNB BTC Buy Cardano coin Cointelegraph crypto Cryptocurrency DOGE Dogecoin ETH Ethereum eyes FTX Heres Inu Investors Latest Litecoin LTC Market News Price rally Report Ripple SEC Shiba SOL Solana today Token Top trading week XRP

© 2021 The Crypto Days

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis

© 2021 The Crypto Days