Security problems can destroy even the largest of platforms, regardless of what they are estimated at billions of dollars.
That’s why the blockchain is the EOS project, which has gathered 4 billion U.S. dollars during the ICO has appointed a reward of 10 000 US dollars for the discovery of bugs in your code, described as “unique mistakes that can lead to failure, elevation of privilege or deterministic behavior in smart contracts . One of the “seekers” claims that he was able to earn $ 120,000 in just a week.
Dutch ethical hacker* Guido Vranken found several errors, as originally claimed in the Twitter-account of another ethical hacker John Bottarini, there were eight, but later Guido said that actually found a 12 for a total amount of 120 000 US dollars that it took him about a week. Bracken also previously reported error in Ethereum, Ripple and Stellar.
Guido even shared on Reddit that EOS offered him a permanent position shortly after he reported the vulnerabilities on the network. The company Block.one was discovered “a series of epic vulnerabilities” of its platform. Bugs found Chinese Chinese company engaged in the Internet security company Qihoo 360 .
Qihoo 360 said Block.One promised to suspend the launch of the EOS network until then, until you resolve the vulnerabilities, but the company still continued to run, saying that all errors will be corrected at the time of release. In some reports it is stated that the blockchain EOS still not fully up and running. Still it is not known whether fixed errors found by Frankena.
It is worth noting that a few days ago EOS was heavily criticized for such a meager reward for the finder of the bug. According to user ICO, collected 4 billion, can afford to be a little more generous. The company listened to the advice and increased the reward to $ 100,000.
* – According to the Council of the EU, an Ethical Hacker is a skilled professional who understands and knows how to look for weaknesses and vulnerabilities in target systems and uses the same knowledge and tools as an attacker, but does not violate the law.