Mar 29, 2019
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Monero, Stellar among blockchains benefiting from Bug Bounty programs; over 20 security flaws fixed in 2 weeks

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Since its inception, blockchain technology has been hailed as one of the most secure technologies ever, owing to features such as immutability and decentralized consensus. However, more and more security vulnerabilities have come to light in the last decade, through large-scale hacks where the perpetrators exploited seemingly non-existent bugs to gain access to users’ funds.

However, this has also helped security agencies and exchanges understand various security lapses and fix them, before they are exploited by hackers. The Bug Bounty program, where a hacker is rewarded for finding security vulnerabilities, is one of the primary methods by which exchanges and security firms track down and fix vulnerabilities.

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AMBCrypto · News

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