EOS.io, the blockchain company which developed EOS, the fourth-largest crypto in the world by market cap, has given out bug bounties for five critical vulnerabilities in 2019. HackerOne, a breach disclosure platform revealed the plans of EOS.io to give out these bounties.
Several Cryptocurrency Company Hands Out Bounties
On the 10th of Jan., EOS.io gave $40,750 to five white hat hackers on the platform, the next day the company awarded another researcher a $10,000 bounty. These bounties are the highest payout made available by EOS.io for me the most important vulnerabilities, five of these bounties are equal to $10,000 each.
The company that founded the Tron cryptocurrency, Tron, also gave out four bounties in January, for serious bugs, the bounties cost about $22,700 in total.
Several vulnerabilities have also been discovered in other cryptocurrency companies this year. Cobinhood and Coinbase have had to also award bounties for bugs in their lower Vulnerable area. All the details about bounties awarded for vulnerability have been kept undisclosed and so not accessible to the public.
Despite the bear market, EOS has managed to keep its price fairly stable, trading at $2.40and losing only about half its value in the last 24 hours.
Cointelegraph in December 2018, reported that several crypto researchers were awarded $878,000 in 2018, with EOS.io giving out about 60 percent of the entire bounties awarded last year.
EOS Still The Leading Cryptocurrency
China also recently released a government-sponsored list of the rankings of top cryptocurrencies in the world. The report showed that EOS remained at the top while Bitcoin ( BTC ) came in as the 15th cryptocurrency.
What do you think about EOS bounties? Let’s hear from you in the comment section below!
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.
What are shitcoins? Watch this Video to learn
Appealing to Regulators, Binance launches a Tax Reporting Tool
Leaving China, Crypto Exchanges Cancels Most of their Chinese Businesses
Patricia sponsors Big Brother Naija the 2nd time after recording 13k Users in 12 Hours
Yes! Bitcoin at $38k, See Why they Say It Has A Mind of its Own
The CBDC will lower the cost of doing business – CBN
Nigeria’s CBDC to Run on Hyperlegder Fabric
NatWest Suspends Payments to Binance
Carlifornian Resident Files Lawsuit against Dfinity Over ICP Sale
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
How Blockchain Technology Can Transform Governance In Africa
Hedge Trading on OKEx
Trading cryptocurrency seems cumbersome to new traders, especially those new to the crypto space. There have been a lot of...
The Chances of BTC Dropping to 40k Is Slim – Prateek Suri
The founder and Chief Executive Officer of the Maser group, Prateek Suri joined Tony Obiajuru this morning, 15th March, 2021...
Binance Smart Chain; CeFi or DeFi?
The controversy around whether or not the Binance Smart Chain is centralized or decentralized was cleared on the Inside Blockchain...
How Earnathon is Making Crypto Adoption Easier
Earnathon is making cryptocurrency education and adoption easier with its unique learn and earn platform. It’s no news that the...
NaijaCrypto CEO Says CBN Cannot Ban Cryptocurrency Trading
The Chief Executive Officer of NaijaCrypto, Chiagozie Iwu has said on the Inside Blockchain Show powered by CryptoTVPlus that the...