Facebook is offering thousands of dollars as a reward for those testers who find fault with the upcoming Libra cryptocurrency.
Libra Invites Your Security and Privacy Review of its Architecture and Design
Facebook envisions empowering billions of people around the world through its only global & # 39; cryptocurrency & # 39; wake. It will be supported by a simple financial infrastructure.
The social media giant plans to release the digital asset by 2020. But before its release, engineers and developers want to make sure the cryptocurrency will run on a secure, scalable and reliable blockchain.
The Libra team actually claims to have created such a blockchain "to prioritize scalability, security, storage efficiency and throughput, and future adaptability."
Libra Core testnet is now available for testing purposes. Libra Core is the software that maintains Libra cryptocurrency.
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“Meanwhile, this project is at an early prototype stage. Let us know what you think. We are particularly interested in your review of security and privacy architecture and design as well as – of course – your bug reports. ”
Furthermore, the team emphasizes that the test network uses a cryptocurrency with no real value.  Testers can earn up to $ 10,000 per error detected
Under the Vital Bounty Program Terms, the Watch Team encourages volunteers to notify the Libra Association as soon as they find a security issue in any software or in any Weight-related applications.
Building a scalable, reliable and secure @Libra_ Blockchain is our priority. We need your help to identify bugs and errors in the platform. Rewards of up to $ 10K. Start Now: https://t.co/Mrv6ymTzoS??19199009004— Libra Dev (@LibraDev) August 27, 2019
Then the Libra Association will conduct case-by-case reviews to determine the severity of the error or problem reported. Subsequently, the association will determine the amount of rewards "based on a variety of factors, including (but not limited to), impact, ease of use and quality of report."
Therefore, depending on the importance of the severity of the error, the person who reported it may receive a bounty of between $ 500 and $ 10,000. Specifically, the size of the bounty is as follows:
• Critical: $ 10,000
• High: $ 5,000
• Medium: $ 1,500
• Low: 500
Security areas include worry, forks, tampering , blocking of manipulation and validation compromise. In addition, the team encourages testers to review denial-of-service and double-spending issues.
Similarly, the team welcomes the assessments and identification of risks and deficiencies in the overall security of Libra Blockchain. In this regard, some of the areas of concern include design or architecture, smart contracts and transactions.
So if you think you have the skills, feel free to start testing Libra now.
What do you think of Libra's Bounty Program? Let us know your thoughts in the comments section below!
Images via Shutterstock, Twitter: @LibraDev