The Solana Basis is providing a financial reward of $400,000 to anybody who can determine a code that might probably 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 put up on thirteenth October 2023. The bounty is a part of Solana’s bug bounty program aimed toward discovering and rectifying vital vulnerabilities to make sure the community’s robustness and safety.
Bounty for Liveness Loss
The precise 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 delegated “Report a Vulnerability” hyperlink reasonably than making a GitHub problem. The Solana Labs staff 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 Pink Alert” notification system, guaranteeing a coordinated effort to handle the vulnerability.
Moreover 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 mirror 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 members. 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 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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