Blockchain companies are still around, despite meeting some hurdles along the way. One part of their ongoing success is how the bug bounty programs are paying off.
The usability of blockchain technology has never been in question, despite a lack of real-world use cases at this time.
Blockchain bug Bounty Programs are Crucial
Building a safe and secure environment, however, is something else entirely.
By default, a distributed ledger ecosystem is not secure unless the proper precautions have been taken by the developers.
As such, it is crucial for blockchain companies to reward users who find bugs or potential exploits.
These bug bounty programs have proven incredibly effective, albeit somewhat costly.
Nearly $1 million in rewards were paid out to hackers and coders throughout 2019.
This is a small increase compared to 2018, indicating that DLT security is far from where it should be.
It is good to see more companies focus their attention on the aspects that really matter.
Security of any ecosystem is crucial, yet it can often be difficult to attain.
With the help of white-hat hackers and coders around the world, the industry is allowed to thrive in many different ways.
Especially now that major countries are going all-in on DLT, the need to build secure ecosystems has never been greater.
For paid/sponsored articles, CryptoMode neither endorses nor takes responsibility for the accuracy, timeliness, quality, and content of said articles. The statements, views and opinions expressed in paid/sponsored articles are solely those of the content provider and readers are reminded that Cryptocurrency products are unregulated in most locations and can be highly risky. Do your own research and consult relevant financial experts before making any investment decisions. Cryptomode will not be held accountable, either directly or indirectly, for any harm or loss that may stem from or be linked to the usage or reliance on any information, goods, or services mentioned on this page. If you have any concerns, please email [email protected] or refer to our Terms & Conditions