Cardano doubles rewards for hackers who discover vulnerabilities in its blockchain

Cardano claims to have doubled payouts to hackers and bounty hunters if they can identify vulnerabilities or flaws in its smart contract blockchain.

Cardano doubles rewards for hackers who discover vulnerabilities in its blockchain

Cardano has doubled the rewards for hackers who discover vulnerabilities in its blockchain

The company has announced that this six-week promotion, which ends March 25, aims to “protect the company and its customers.”

The program doubles the rewards for bounty hunters and hackers who find vulnerabilities in the ADA ecosystem. $20,000 is the highest amount the platform has offered hackers to uncover critical flaws in the network as of February 14.

Similarly, bounty hunters who discover critical vulnerabilities in the ADA wallet will receive a $15,000 payout, while those who discover less severe vulnerabilities in the Cardano wallet will receive a $600 reward.

This isn’t the first time the fund has partnered with the hacking platform. In August 2021, the fund partnered with the white hat hacker foundation HackerOne, a vulnerability management company that uses hackers to find weaknesses and weaknesses to protect the financial ecosystem from hacker attacks. Previously, the company offered $10,000 to find critical vulnerabilities in its network and $7,500 to identify critical vulnerabilities in the Cardano wallet.

To improve security testing of their network, the Cardano Foundation has now doubled the rewards for hackers who discover vulnerabilities in their blockchain.

Scope of Cardano’s rewards program

The statement clarifies that “the scope of the bug bounty program will not include any user interface or general functionality defects.” However, it will contain bugs or vulnerabilities that will lead to leakage of sensitive information, the foundation said. Bugs that cause the service to crash, as well as attacks that compromise or degrade the quality of the blockchain are also included in the rewards program.

This includes, for example, identifying bugs that can cause problems and attacks that can lead to blockchain quality degradation.

In addition, the organization urged hackers to discover areas that could be considered “exploitable vulnerabilities” so that they can be discussed “on a case-by-case basis.”

To explain the motivation behind the program, the platform said it needs to work with the security community to find vulnerabilities to “protect our business and our customers.”

The organization also said:

“With this program, we aim to boost the Cardano brand through this public bug bounty program that includes essential elements for accessing and managing crypto assets issued on-chain, Cardano blocks.”

About Cardano

Cardano is a proof-of-stake blockchain platform: the first to be based on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unprecedented security and sustainability for decentralized applications, systems and societies.

With a team of top engineers, Cardano is defining a new future: a decentralized future without intermediaries, where power is returned to the individual.

Cardano is restoring trust in global systems – through science, creating a safer, more transparent and more sustainable platform for individuals to trade and exchange, to develop regulatory systems and companies.

“Cardano brings a new technology standard – open and inclusive – to challenge the old and usher in a new era of globally-delivered sustainability.”

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