Cardano Foundation Announces Multiple Rewards for Hackers Finding Potential Flaw

The Cardano Foundation is a blockchain and cryptocurrency institution based out of Switzerland. The Foundation’s primary objective is to ‘promote as a secure, transparent, and accountable solution for global change.’ Cardano’s Bug Bounty Program has been announced by Cardano Foundation in partnership with HackerOne. HackerOne is a well-known hacker-powered security partner. Ethical hackers of HackerOne with their diligent procedures, assist Cardano’s blockchain to be as stable and secure blockchain as possible. Ethical hackers are incentivized for every vulnerability they discover and report. This helps Cardano in fixing bugs before they are a victim of cyberattacks. Two-Way Street Between Cardano Foundation & Ethical Hackers The Cardano Foundation recently announced the doubling of rewards for ethical hackers who can help detect bugs on the network. According to the Foundation as stated on Hackerone.com, promotion to discover vulnerabilities will continue for 6 weeks from February 14 to March 25, 2022, to fulfill the objective to secure and safeguard the network. The bounty payment for ethical hackers has been set at $20,000 for critical bugs with high vulnerability, fetching a reward of $10,000. The reward for medium and low bugs is $4,000 and $800, respectively. For detecting major bugs in the Cardano wallet, the hacker may receive up to $15,000. While the bounty prize for high vulnerability is $6,000. In accordance with Ca...