Shardeum Companions With Immunefi to Launch Bug Bounty Program Forward of Mainnet

New York, United States, July eighth, 2024, Chainwire

Shardeum collaborates with main web3 bug bounty platform to check the community head of mainnet launch, providing a complete of $700,000 USD in bounties

Shardeum, the autoscaling layer-1 blockchain, broadcasts a partnership with Immunefi, the main bug bounty and safety providers platform for Web3, to facilitate Shardeum’s first bug bounty forward of their mainnet launch. The bug bounty will probably be used to additional detect any crucial points and bugs inside the community and act as a significant step in making certain steadfast safety earlier than Shardeum’s mainnet goes stay.

Whereas Shardeum has carried out a number of inner safety audits with third-party distributors, that is Shardeum’s first bug bounty the place people can primarily attempt to “break the system” by moral hacking to detect bugs and vulnerabilities. If members can present correct proof of idea and present replicability, they’re offered bounties for his or her participation in this system. Shardeum is partnering with Immunefi to facilitate this program and permit for seamless recruitment and participation from builders throughout the globe.

“We’re excited to be executing this step with Immunefi as our trusted accomplice. Shardeum has been making large strides in 2024 and mainnet is on the horizon. As all the time, we worth group engagement above all else, and the bug bounty is yet one more strategy to get the group concerned in probably the most vital steps in securing the community” says Chris Chabot, VP, of Developer Relations at Shardeum.

For this particular bug bounty program, Shardeum will run 2 “boosts”, or elevated bounties for members’ efforts. The boosts will run from July fifth – August sixteenth, 2024, and are damaged down into two classes:

• The “Core” increase will present a complete bounty of $500,000 USD – the breakdown might be seen right here.
• The “Ancillary” increase will present a complete bounty of $200,000 USD – the breakdown might be seen right here.

“Immunefi’s predominant mission is to make sure that each blockchain has the chance to bolster its safety to the best degree, defending their group from any potential threats. We had been thrilled to accomplice with Shardeum, permitting them to take the right safety steps forward of their mainnet launch all whereas encouraging their group members to take part in probably the most pivotal steps within the lifespan of a blockchain ecosystem” says Founder & CEO of Immunefi, Mitchell Amador.

Shardeum just lately introduced the launch of Stage 1 of their incentivized testnet, Atomium, which permits group members to take part in testing the community vulnerabilities as effectively. In Stage 1, Shardeum attracted over 483,000 distinctive members, showcasing vital group involvement, which is simply set to extend. Stage 2 is ready to launch very quickly.

Customers who wish to study extra about Shardeum’s bug bounty or wish to discover ways to take part, can seek advice from the Core and Ancillary increase hyperlinks offered above.

Media Enquiries:

media@shardeum.org

About Shardeum

Shardeum is an autoscaling EVM-based layer-1 blockchain. Dynamic state sharding helps hold gasoline charges low and TPS excessive as participation grows. Shardeum performs consensus on the transaction degree and lowers the computational energy wanted for validator nodes. This consensus mechanism makes it doable for anybody to run a node whereas rising decentralization.

About Immunefi

Immunefi is the biggest crowdsourced safety platform for web3. Immunefi guards over $190 billion in person funds throughout initiatives like Chainlink, Wormhole, MakerDAO, TheGraph, Synthetix, Polygon, Optimism, and others. The corporate has paid out probably the most vital bug bounties within the software program trade, amounting to over $100 million, and has pioneered the scaling web3 bug bounties normal.

ContactsChief Progress OfficerKelsey McGuireShardeumkelsey@shardeum.orgPriyanka SharmaShardeumpriyanka@shardeum.org

This text was initially revealed on Chainwire