Tron’s (TRX) $100K Mainnet bug bounty tells a lot about their confidence
Tron (TRX), one of the substantial blockchain based operating system and top 10 cryptocurrencies in the world launched their Main Net yesterday without any hitches or glitches. The migration of Tron’s network from Ethereum’s blockchain to its resident blockchain has been the most talked about event inside the cryptocurrency community. Right after the Main Net launch, Justin Sun, the founder of Tron, announced compensation for anyone who will be able to find any security hole in the Main Net.
Posting on his Twitter account, Justin revealed a huge reward to anyone in the general public or from the developer’s community who will find any erroneous coding in their Main Net. With the migration set to take place on 25th June, everyone is encouraged to take part in the reward program that will end on 25th June.
Justin Sun tweeted:
— Justin Sun (@justinsuntron) May 31, 2018
By doing this, Tron will be able to detect and fix issues if any is found. This smart move from the founder and the management is to deploy a proper firewall that will prevent future hitches and glitches in the Tron system.
Tron is not taking any chances with its new blockchain and is investing big money in ensuring their Main Net is safe and secure unlike EOS, who offered a $10,000 bounty for any critical bug that has the potential of risking their main net launch on June 2.
Some bugs could be small, pose no risk, easy to solve, and does not directly affect the network entirety. However, if you manage to spot a huge error that might allow hackers to take advantage of the loophole to steal big amounts of TRX coins, this is worth the bounty payment of $10 million ($100,000).
Justin’s Personal Invitation
Tron’s CEO personally invited all interested parties in joining the crypto’s Independence by downloading the Odyssey V2.0, Tron’s main net, on GitHub. It is also an exceptional time for any developer who wants to prove their skills are worth $100K. In retrospect, it only demands a few days of sitting in front of your pc and going through a bunch of codes.
#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
It seems Justin Sun learned a lot from the trouble Ethereum faced with the EOS case where glitches in Ethereum’s smart contracts got around 600,000 ETH of user funds frozen in the Parity Wallet platform. This was discovered last year.
The entire Tron foundation, management, and Justin Sun can be lauded for a job well done for successfully launching the Main Net without any technical difficulties and going even ahead to invite computer geeks to tinker with their system in a show of confidence in their new blockchain.
What’s next for Tron?
At present, Tron (TRX) is trading at $0.057, a 5.51% decrease in last 24 hours. So, Tron is still on its losing trajectory in a market that either is not moving upwards as of now. Either way, experts are predicting an upsurge of value shortly after the Main Net settles down. It is just a matter of time before we see this happens.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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