Facebook is trying to get more external contributors to aid with its blockchain project. A so-called “Bug bounty” program will enable developers to submit any bugs they find in Libra blockchain for a reward up to $10.000. It was announced today in a tweet by Libra blockchain head David Marcus.
Initially, the bug bounty was announced in June together with Facebook’s original plans for its Libra blockchain. However, at that point in time only selected internet security researchers were invited to the project. As of today, anyone can take part. According to a statement on Libra website, the invitation of researchers with the diverse skills to inspect the platform will ensure a scalable and secure launch of the blockchain.
All flaws and security breaches found must be submitted to the Libra Association first. It then will be decided whether or not publicly reveal information about bugs found. Any unauthorized public disclosures will be considered in breach of the bounty program. Bearing in mind Facebook’s recent issues with security and privacy the fact that developers will not be able to reveal any information without approval doesn’t really add any transparency to the project.
However, Facebook insists that it made its “bug bounty” program available to a wider range of developers in an attempt to make its blockchain as secure as possible. In a separate statement security director at Calibra, subsidiary of Facebook, Aanchal Gupta said:
“We hope that developers will bring a diversity of perspectives and expertise to this initiative while holding the Libra Blockchain to the highest security standard.”
David Marcus continuously stressed that all necessary steps will be taken for Libra to be secure, dependable and fully complaint before its launch. He promised continued conversations with lawmakers and industry players and noted that blockchain will not be launched until full regulatory approval is received.
CHZ Experiences 30% Growth with Release of Improved Technology (Chain 2.0)
Ripple May Assist Britain Gets the CBDC, Paper Released by the Bank of England
Ripple CTO Rejects XRP BuyBack Proposal as the Executive Calls the Idea a Scam
Ripple’s Legal Battle with SEC: February 6, 2023 Update
Ripple CTO and Self-proclaimed Satoshi Nakamoto Re-engages in a Heating Argument that the SEC Lawsuit is Nonsensical
Recent Press Release
5 Crypto Platforms That Pay You To Enhance Your Crypto Knowledge
The cryptocurrency market is growing at breakneck speed and so is the demand for knowledgeable crypto enthusiasts. With cryptocurrencies being...
The Beginners Guide to Bitcoin Buyer : What You Need to
Bitcoin is a decentralized digital currency. It is a form of digital asset that can be exchanged between individuals in...
Bitcoin and AI: 4 Benefits that Will Change the Economic World
There are essentially two key technological shifts that you just cannot overlook. The foremost is the renaissance of AI techniques,...
Listing Down the Top 5 Benefits of Trading With AI
“What fire was to the cavemen, AI is to commerce.” That is how one business stakeholder characterized how a technological...
Crucial Trading: Pool Of Luxurious Floor Coverings
David and Jannet Green from London took the foundation of Crucial Trading in 1986, a house of quality full carpets...