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https://www.gate.com/announcements/article/45974
In the blockchain ecosystem, security has always been a topic of great concern. To enhance the security of the system, some innovative methods have emerged. One such method is the establishment of a "white hat fund," which is an incentive mechanism designed to encourage technical experts and enthusiasts to discover and report security vulnerabilities in the system.
The operation of this mechanism is to grant corresponding rewards based on the severity of the discovered vulnerabilities. For example, a small security issue may receive a reward of several thousand tokens; whereas for significant vulnerabilities that could lead to remote theft of coins, the reward could even reach several hundred thousand tokens.
This approach has shown significant results. Reports indicate that a university student participated in this program during his spare time and earned approximately 30,000 tokens in rewards within just one year by discovering vulnerabilities. More importantly, his work helped the ecosystem fix three major security vulnerabilities, greatly enhancing the overall security of the network.
Compared to relying solely on internal teams for security audits, this crowdsourced security testing model is more effective. It not only attracts more talent to participate in security maintenance but also uncovers potential security issues from multiple angles and levels. This approach significantly reduces potential security risks in the network, providing users with a safer environment.
Overall, this innovative security maintenance model demonstrates the creativity of the blockchain industry in the face of challenges. It not only enhances the security of the system but also provides a platform for tech enthusiasts to showcase their talents and earn rewards. The success of this model may offer valuable insights for security maintenance in other technological fields.