Ethereum 2 (Eth2) and Polygon have both implemented bug bounties as a tactic to bolster security and to prevent unethical hackers from utilising latent weaknesses in their system. HUH Token has revealed that they will be issuing a $50,000 bug bounty to guarantee that they remedy any possible faults that may be uncovered.
This will give an extra degree of confidence to investors since bug bounties are offered to uncover flaws before those with unethical desires do. HUH Token has merged components of Ethereum and Weifund's bug bounty system into their version, a move that demonstrates this cryptocurrency's ambition of continuously evolving and becoming the best version of itself.
A bug bounty is an offer to both the public and organisations. A cryptocurrency's security and functionality are made more secure by people reporting any flaws, exploits, or vulnerabilities that are found. Individuals or companies that uncover problems as a result of their inspection are rewarded with the bounty money.
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Similar to Ethereum 2, HUH Token will create a leader board system. Each time someone identifies a problem, they will submit a report with the information to a designated email account (bounty@HUH.social). The Bounty Panel next examines the report and decides on the amount of points a participant will be granted for their finding.
The amount of points will be determined depending on a few different elements, one of which is the magnitude of the problem. This is evaluated by analysing the effect the problem might have and the possibility of it happening regularly. Another element is the quality of the description conveyed to the Bounty Panel. Finding faults in a system is important, but an inability to explain them may result in an undecipherable report that the team cannot take action on.
A cryptocurrency's security and functionality are made more secure by people reporting any flaws.
The quality of repeatability is highlighted as another aspect. Scripts, test codes and comprehensive instructions are crucial to include so that the flaws may be duplicated and validated easily. The last contributing aspect is the quality of the repair if it is provided. Whilst complaints may be reported without a resolution attached, those with high-quality solutions will receive more points.
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This widespread technique has been observed time and time again. For example, Polygon has paid an ethical hacker called Gerhard Wagner a considerable amount of money due to flaws that he exposed. In addition, Ethereum 2 (Eth 2) provides the possibility to earn up to $50,000 for detecting client defects that they may later resolve. HUH Token is offering the bounty to develop a harmonic ecosystem that is welcoming and beneficial for all involved, even as it continues to expand.
These benefits may appear extravagant to many, but they will save Ethereum 2, Polygon and HUH Token tremendous sums of money in the long term. This is due to the fact that unethical hackers would misuse the vulnerabilities they identify to bankrupt cryptocurrencies and the people investing in them.
In similar standings as Eth 2 and Polygon, HUH Token's bug bounty has eligibility criteria in its bug bounty. Their bug bounty has no time restriction, implying that they are in the market for the long run. Users may also submit anonymous entries if they do not want their public identity on the leader board.
They also welcome white hat hackers to utilise all avenues for their inquiry unless they could result in substantial repercussions for the HUH ecosystem. Those participating should also note that the reward does not cover the HUH Token's website or infrastructure.
HUH Token providing $50,000 will be more than enough motivation for white hat hackers to start aiming for the top of the leader board. HUH Token has demonstrated it is eager to continue improving by putting up prizes that equal or surpass other currencies, such as Ethereum 2 and Polygon. The gauntlet has been thrown. Who will be victorious in securing the $50,000? Pull requests for the bug bounty campaign docs for the development branch are accepted here: https://github.com/HUH-Token/bug-bounty-campaign-docs/tree/development
Follow HUH Token on their Socials before they Launch:
Presale: https://huh.social/presale/
Website: https://huh.social
Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/
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