A few days ago TRON’s mainnet entered its beta phase and the migration to its own blockchain began. To ensure this event — and future operations — remain free of complications and security flaws, the TRON Foundation has announced a bug bounty of up to $10 million for discovering vulnerabilities.
A few days earlier the Chinese security firm Qihoo 360 revealed significant vulnerabilities affecting the EOS community just days before that project’s mainnet launch. The crypto community reacted with concern and frustration, although the EOS team later confirmed that the issues had been addressed and that the mainnet launch would proceed on schedule.
Justin Sun emphasized on Twitter that security is the highest priority for reaching TRON’s next milestone: migrating from the Ethereum blockchain to an independent chain. As a result, TRON launched a Bug Bounty Program offering rewards up to $10 million.
#TRON Bug Bounty Program with a highest reward of USD$10 million. We take the security of #TRON mainnet very seriously. If you have made an important discovery of potential bugs, please contact us and join the TRON Bug Bounty Program? #TRX $TRX https://t.co/e399Z4TZBw pic.twitter.com/JRyVnTtb9J
— Justin Sun (@justinsuntron) June 1, 2018
Anyone can participate in the program and report potential security issues to receive an appropriate reward. The TRON community states (translated):
The goal is to identify potential technical vulnerabilities in the mainnet with the help of TRON community members, especially those specializing in global network security, to make TRON mainnet the most secure public blockchain in the industry, and to provide secure and stable infrastructure and services for DApps deployed on the main network. We take the security of the TRON mainnet very seriously.
Through this initiative, the TRON community aims to eliminate potential problems in advance and encourages developers to thoroughly review TRON’s blockchain code.
The long-standing debate over whether TRON is superior to Ethereum or a true “Ethereum killer” remains unresolved. First, the migration must complete smoothly and TRON’s new blockchain must demonstrate whether it can meet the expectations of investors.
At the time of writing, TRON’s price is €0.053, reflecting a 24-hour increase of 4.12 percent. With a market capitalization of approximately €3.4 billion, TRON ranks tenth among the world’s largest cryptocurrencies.
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