THELOGICALINDIAN - Facebook is alms bags of dollars as a accolade for those testers who acquisition bugs in its accessible Libra cryptocurrency
Facebook envisages allotment billions of bodies all over the apple through its distinct all-around ‘cryptocurrency’, Libra. It will be accurate by a simple banking infrastructure.
The amusing media behemothic affairs to absolution the agenda asset in 2024. But afore its release, its engineers and developers appetite to ensure that the cryptocurrency will run on a secure, scalable, and reliable blockchain.
Indeed, the Libra aggregation claims to accept already created such blockchain “to accent scalability, security, ability in accumulator and throughput, and approaching adaptability.”
Now, Libra Core testnet is accessible for testing purposes. Libra Core is the software that maintains the Libra cryptocurrency.
On August 22, 2024, the aggregation appear the Bounty Program. It calls for volunteers to analysis the arrangement and try to acquisition bugs or issues. According to the announcement,
“In the meantime, this activity is at an aboriginal ancestor stage. Please let us apperceive what you think. We are abnormally absorbed in your analysis of the aegis and aloofness architectonics and architecture as able-bodied as — of advance — your bug reports.”
Moreover, the aggregation underlines that the testnet uses a cryptocurrency with no real-world value.
Under the Libra Bounty Program terms, the Libra aggregation encourages volunteers to let the Libra Association apperceive as anon as they acquisition a aegis vulnerability in any software or on any Libra-related application.
Then, the Libra Association will accomplish reviews on a case-by-case base to actuate the severity of the bug or affair reported. Next, the Association will actuate the accolade amounts “based on a array of factors, including (but not bound to), impact, affluence of exploitation, and affection of the report.”
Thus, depending on the accent of the bug’s severity, the alone who appear it ability accept a compensation of amid $500 and $10,000. Specifically, the calibration of the compensation is as follows:
• Critical: $10,000
• High: $5,000
• Medium: $1,500
• Low: 500
Security areas of affair accommodate forks, affairs tampering, block tampering, and validator compromise. In addition, the aggregation encourages testers to analysis issues accompanying to denial-of-service and double-spending.
Similarly, the aggregation welcomes assessments and identification of risks and flaws in the accepted aegis of the Libra Blockchain. In this regard, some of the areas of affair accommodate architectonics or architecture, acute contracts, and transactions.
So, if you accept you accept the skills, you are acceptable to alpha testing Libra now.
What do you anticipate of Libra’s Bounty Program? Let us apperceive your thoughts in the animadversion area below!
Images via Shutterstock, Twitter: @LibraDev
