Solana Foundation Offers $400k Bounty for Critical Code Discovery

The Solana Basis is providing a financial reward of $400,000 to anybody who can establish a code that would doubtlessly halt the Solana community, as revealed by Jacob Creech, Head of Developer Relations at Solana. The announcement got here by way of Creech’s Twitter publish on thirteenth October 2023. The bounty is a part of Solana’s bug bounty program geared toward discovering and rectifying important vulnerabilities to make sure the community’s robustness and safety.

Bounty for Liveness Loss

The particular bounty of $400,000 is categorized underneath “Liveness / Lack of Availability” in Solana’s Safety Bug Bounties program, which covers incidents the place consensus halts and requires human intervention together with eclipse assaults, distant assaults partitioning the community. The reward is paid in locked SOL tokens with a lockup interval of 12 months.

Reporting and Response Course of

Solana has a well-defined course of for reporting, reviewing, and addressing safety points. People discovering a possible vulnerability are instructed to report it by way of a chosen “Report a Vulnerability” hyperlink relatively than making a GitHub challenge. The Solana Labs crew sometimes responds inside 72 hours, following which a triage and repair preparation course of ensues. As soon as a repair is prepared, it is communicated to the community validators utilizing the “Solana Purple Alert” notification system, guaranteeing a coordinated effort to deal with the vulnerability.

Apart from the aforementioned class, Solana’s bug bounty program contains different classes like “Lack of Funds,” “Consensus/Security Violations,” and “DoS Assaults,” with rewards starting from $100,000 to $2,000,000. These bounties replicate Solana’s dedication to sustaining a safe and dependable blockchain community by incentivizing the invention and reporting of potential safety threats.

Eligibility and Fee

To be eligible for the bounty, submissions should embrace an exploit proof-of-concept. The Solana Basis has outlined a transparent course of, together with KYC (Know Your Buyer) procedures and a participation settlement that must be adhered to by the individuals. The bounties are awarded on a rolling or weekly foundation, and are paid out inside 30 days upon receipt of an bill, with the SOL/USD conversion charge being decided by the market value of SOL on the finish of the day the bill is submitted.

In abstract, the Solana Basis’s proactive stance in the direction of figuring out and rectifying potential safety threats by way of substantial bounties displays its steady effort to uphold community integrity and guarantee a safe blockchain surroundings for its customers and builders.

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