New York, USA, July 8, 2024, Chainwire
Shardeum has partnered with a number one Web3 bug bounty platform to check the community head of mainnet launch, providing a complete of $700,000 in bounties.
Shardeum, an auto-scaling Layer-1 blockchain, is happy to announce a partnership with Immunefi, the main Web3 bug bounty and safety providers platform, to facilitate Shardeum's first ever bug bounty forward of its mainnet launch. The bug bounty will additional detect important points and bugs within the community and function a significant step in direction of making certain rock-solid safety earlier than Shardeum's mainnet goes stay.
Whereas Shardeum has carried out a number of inside safety audits in collaboration with third-party distributors, that is Shardeum's first bug bounty, the place people try to “break the system” by moral hacking to seek out bugs and vulnerabilities. If individuals can present a correct proof of idea and show reproducibility, they are going to be rewarded for taking part in this system. Shardeum has partnered with Immunefi to facilitate this system, permitting seamless recruitment and participation from builders world wide.
“We’re excited to take this step along with our trusted accomplice Immunefi, as Shardeum strikes ahead in 2024 with mainnet simply across the nook. As all the time, we worth neighborhood engagement above all else, and the bug bounty is one other solution to have interaction the neighborhood in probably the most necessary steps in securing the community,” mentioned Chris Chabot, VP of Developer Relations at Shardeum.
For this specific bug bounty program, Shardeum will likely be working two “boosts,” or will increase to reward individuals for his or her efforts. The boosts will run from July fifth to August sixteenth, 2024, and are break up into two classes:
- The “Core” Enhance will supply a complete prize pool of $500,000 USD, the breakdown of which will be seen right here.
- A complete of $200,000 USD will likely be awarded in “Further” Boosts, the breakdown of which will be seen right here.
“Immunefi's major mission is to make sure that all blockchains implement the best ranges of safety and defend their communities from any potential threats. We’re happy to accomplice with Shardeum to make sure correct safety measures are in place forward of their mainnet launch, whereas additionally serving to allow neighborhood members to take part in probably the most necessary steps within the lifespan of the blockchain ecosystem,” mentioned Mitchell Amador, Founder and CEO of Immunefi.
Shardeum not too long ago introduced the launch of Stage 1 of its incentivized testnet Atomium, which permits neighborhood members to take part in testing vulnerabilities within the community. In Stage 1, Shardeum attracted over 483,000 individuals, demonstrating vital neighborhood engagement, which can solely proceed to develop. Stage 2 is predicted to be launched quickly.
Customers who want to study extra about Shardeum's bug bounty or the right way to take part can see the Core and Ancillary enhance hyperlinks above.
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About Chardium
Shaldeum is an auto-scaling, EVM-based Layer 1 blockchain. Dynamic state sharding retains fuel charges low and TPS excessive even because the variety of individuals will increase. Shardeum performs consensus on the transaction stage, lowering the computational energy required for validator nodes. This consensus mechanism permits anybody to run a node, selling decentralization.
About Immunefi
Immunefi is the biggest crowdsourced safety platform for Web3. Immunefi protects over $190 billion in person funds throughout tasks reminiscent of Chainlink, Wormhole, MakerDAO, TheGraph, Synthetix, Polygon, and Optimism. The corporate has paid out over $100 million in bug bounties, essentially the most within the software program trade, and has pioneered the usual for scalable Web3 bug bounties.
contact handleChief Development OfficerKelsey MaguireShaldeum[email protected]Priyanka SharmaShaldeume-mail handle
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