Facebook Launches Libra Vulnerability Bounty Program to Attract Enthusiasts to Research Project Security.
Now anyone can examine the stablecoin code for critical errors. According to Diogo Monica, a member of the Libra Association, the amount of remuneration depends on the number of mistakes and can reach $ 10 thousand..
The project decided to expand the beta program, which previously had 50 external researchers. Since the cryptocurrency network is still in the testing stage, the bugs found can have a significant impact on the final version of the product..
Through the Libra Bug Bounty Initiative, developers want to raise public awareness of cybersecurity, increase the trust and favor of current members of the association, and ease regulatory pressure. Therefore, this is more a political step, indicating absolute openness..
The stablecoin network will not start until all regulatory issues are settled and all necessary approvals are received, but Mark Zuckerberg has promised to achieve this, no matter how long it takes.
text: Ivan Malichenko, photo: Shutterstock