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Solana Offers $400,000 Reward for Halting Network as Bug Bounty Program Launches

  1. Home
  2. Bobs-News Categories Cryptocurrency Innovations
  3. Solana Offers $400,000 Reward for Halting Network as Bug Bounty Program Launches
global 706 crypto neutral
  • bob
  • 2023-10-13
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Fintech and Blockchain Startups
  • World
Jacob Creech, Solana’s Head of Developer, has announced a bug bounty program that rewards white hat hackers and coders who can successfully halt the Solana network with $400,000 in SOL, the platform’s native currency. Creech encouraged interested individuals to participate in penetration tests by visiting Solana’s GitHub repository. Solana is a highly scalable network and a competitor to Ethereum, capable of processing more transactions than Bitcoin or Ethereum. However, there have been instances where the network’s reliability has been questioned, with multiple halts occurring in 2022 due to node updates. Solana plans to address these issues with the upcoming release of the Firedancer client, which aims to enhance network performance, scalability, and reliability while increasing decentralization. This client is expected to reduce the platform’s susceptibility to bugs and outages.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment neutral
Relevance Score 1
People Jacob Creech
Companies Bitcoin, Ethereum, GitHub, Jump Crypto, Solana
Currencies Solana
Securities None

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