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.
Latest Episode on Inside Blockchain
Crypto News Update
Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa
The advent of Bitcoin has paved the way for seamless cross-border payments. The demand for third-party intervention in financial transactions...
Explore, Build Assets, Fight and Earn in the Supernova Space
A new economy was opened in 2017 when blockchain was integrated into gaming to produce the first Web3 game: CryptoKitties....
Owl.Games: The Rise of Crypto Games in the Casino Industry
Crypto gaming used to be new a few years ago but it’s going mainstream now. However, there are some sectors...
BCAT Africa: Reducing Unemployment in Africa
One of the greatest lines spoken in the Spiderverse is “with great power comes great responsibility”, although it can be...
Gamified NFT Platform Trove Announces Launch Partners SideQuest
Trove has announced its new Launch Partnership with SideQuest, a gamified risk-to-earn NFT collection. It was announced on Twitter today. ...
- Move To Earn: Keep Fit, Sport, Connect and Earn on the Calo Metaverse
- Top 5 Move-to-earn Applications on Google Playstore
- Top Move-to-Earn Projects Below $100 Million Market Cap
- MetaRuffy: An Intersection of Blockchain, Web3, VR, and AR
- Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa