See More

Breaking Solana Enhances Network Security: $1 Million Firedancer Bug Bounty Program is Live

2 mins
Updated by Harsh Notariya
Join our Trading Community on Telegram

In Brief

  • Jump Crypto and Immunefi launch a $1 million bug bounty for Solana’s Firedancer validator client.
  • Developers have 42 days to find critical vulnerabilities and win up to $1 million in USDC.
  • Firedancer aims to enhance Solana’s network stability and efficiency, addressing past outages.
  • promo

Jump Crypto and Immunefi have launched a bug bounty program that allows developers to earn up to $1 million. The program, centered on enhancing “Firedancer,” an independent Solana validator client, started on Wednesday, July 10, and will continue until August 21.

The parties aim to bolster Solana network security by engaging a global community of developers.

Developers Have 42 Days to Find Critical Bugs in Solana Firedancer

This first-ever program for Firedancer invites participants to a 42-day challenge. The reward pool is $1 million in USD Coin (USDC). Impressively, a single developer could secure the entire sum by identifying a critical vulnerability.

“Firedancer v0.1 will respond within 24 hours on weekdays to all bug reports. When the Boost has ended, Immunefi will publish an event-specific leaderboard and bug reports from the event,” Immunefi said.

Read more: How to Buy Solana (SOL) and Everything You Need To Know

Psuedonomyous developer Cantelope Peel of Jump Crypto is leading the development of Firedancer v0.1. Moreover, earlier today, he announced that the Solana testnet has accepted the first block from the Firedancer client.

The launch of Firedancer is expected to significantly enhance the performance of Solana’s network, which has $4.438 billion in total value locked. As an independent client validator, Firedancer plays a crucial role in processing transactions and building blocks, contributing to the network’s scalability and efficiency.

Solana Total Value Locked
Solana Total Value Locked. Source: DefiLlama

Operational in the C and C++ programming languages, Firedancer is equipped to manage high-volume trading. Initially deployed on a Solana testnet in November 2023, it has proven ready for wider implementation.

The development of Firedancer responds to past challenges faced by Solana, including multiple network outages. Although 2024 has seen just one outage in February, the memory of six disruptions in 2022 highlights the need for improved stability and performance. These enhancements aim to prevent future issues.

Read more: Solana vs. Ethereum: An Ultimate Comparison

Anatoly Yakovenko, co-founder and CEO of Solana Labs, remains optimistic about Firedancer’s potential to speed up the network and decrease the risk of outages. This initiative aims to strengthen the network and also rebuild trust among users and investors within the Solana ecosystem.

Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Frame-2264-1.png
Harsh Notariya
Harsh Notariya is a journalist at BeInCrypto, who writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created educational reports on...
READ FULL BIO
Sponsored
Sponsored