The Libra Association, has on 27. August 2019 public Bug Bounty program started. The Libra Bug Bounty programme aims to strengthen the security of the Blockchain, and promises a reward in the amount of up to $ 10,000 for anyone who can break the digital currency.
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Libra is ready for a trial by fire
The development of Libra seems good to go forward. On the Website of Libra, announced the project to the Start of the Bug Bounty program.
Developers who have the necessary knowledge, can check the digital currency to the heart and kidneys, and on errors and safety gaps in the instructions.
“The Libra Bug Bounty program is part of the ongoing efforts, an open and vibrant Community of security and privacy developers around the world.”, it is said in the announcement.
Anyone who finds critical errors, you can look forward to a reward of up to $ 10,000. A reward for finding security vulnerabilities is not unusual and is offered by many, mostly larger, software company. In June, Coin Update reported on the Dutch Hacker Guido Vranken, was able to find several weaknesses in the EOS network, which earned him a remarkable reward of $ 120,000.
About Libra
Libra presents itself as a “digital-based and reserve-based crypto-currency based on Blockchain technology”. Using Libra will send people, money, receive, and save can spend. Unlike most available on the market, crypto-currencies will be Libra, supported by a Reserve of real value stocks.
The project is mainly associated with Facebook and is not just in the crypto-world is controversial as no other. Industry experts, governments and Central banks are of the opinion that Libra could make the current financial system on the head and warn of the consequences.
“When Libra comes on the market, the digital currency very quickly very many customers. Through these network effects, the monetary policy of Central banks would be attenuated very strongly,“ says Andreas Hackethal of Goethe University Frankfurt, the concern of the Central banks compared to the days of the show.