Today I bring to you the latest news on Binance Smart Chain (BSC).
Binance Smart Chain Reveals $10 Million Bug Bounty Fund ‘Priority One’
Security experts and bug bounty hunters now have incentive to help the Binance Smart Chain (BSC) developers secure the network. On Monday, the BSC project revealed “Priority One,” a $10 million fund for projects built on top of the BSC protocol.
The announcement says the initiative aims at “refining the lifecycle management of BSC users and decreasing project exploits.” Eligible projects will be able to leverage proactive penetration testing and risk management schemes. Julian Tan, the BSC community coordinator, explained that these types of evaluations shrink the possibility of future exploits.
“The shortlisted projects for the bug bounty will be open for continuous testing,” Tan said in a statement sent to Bitcoin.com News. “With more experts identifying specific vulnerabilities and evaluating [decentralized apps] regularly, there’s more to explore; BSC community will work together to check every nook and corner of the target and leave no room for potential exploits.”
Get more of the news here:
https://news.bitcoin.com/binance-smart-chain-creates-a-10-million-bug-bounty-fund-to-tighten-protocol-security/
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