The TRON (TRX) Bug Bounty Program Will Yield Exactly What Justin Sun Wants: A SOLID Platform
During the MainNet launch on the 31st of May, Justin Sun and the Tron (TRX) foundation launched a Bug Bounty program aimed at assisting the project to find vulnerabilities in the code of its MainNet platform: Odyssey v2.0. The initial rewards range was from $100 – $10,000 for each bug found: but the upper limit was raised to $10 Million only a day later and to the applause of Tron fans, HODLers and developers worldwide.
This applause meant that the Tron fans and HODLers were impressed with their choice of investing in TRON and believing that Justin Sun was serious about the MainNet that would decentralized the web.
Justin Sun has been quoted numerous times as saying that he takes security on the platform very seriously and was inviting individual developers and teams of developers, to scrutinize the MainNet code ahead of the Tron Independence day that is scheduled on the 25th of June. The current Independence Day countdown on the Tron Website reads 16 Days, 12 Hours and 10 Minutes at the moment of writing this.
Justin Sun wants a stable and secure platform by the 25th of this month, to enable it to be the choice platform for the development of decentralized applications. He has learnt from the cases of vulnerabilities being found on the Ethereum and EOS platforms.
A Brief History of the EOS Bug Bounty.
A single software researcher has managed to earn $120,000 in less than a week, by highlighting security vulnerabilities on the EOS MainNet code. Guido Vranken, the researcher who found these bugs, has a proven track record of discovering over 92 bugs at companies such as Twitter, Tor, OpenSSL, DropBox, Python, Yahoo!, Slack, Trello, HackerOne and now at EOS. He was even offered a permanent job at EOS after his skill set impressed the team at EOS. Both Vranken and EOS are yet to confirm if they agreed on a way forward.
What does this mean for the Tron MainNet?
In a span of a week, one researcher helped EOS find what can be calculated as 12 vulnerabilities (each vulnerability found was worth $10,000). The Tron Bug bounty program runs from the 1st of June to the 24th. This means there is a 3 week window to find vulnerabilities and fix them. This is far much more time than the EOS project had before their MainNet was launched. More time means more vulnerabilities to test and to guarantee that the platform is ‘solid’.
Also, the high value of $10 Million, means that the bug bounty program will attract the best of the best including institutional cyber security firms such as the ones who discovered the EOS vulnerabilities.
Therefore, Justin Sun and the Tron Foundation have two things going for them: time and the ability to attract the best of the best in cyber security through a high reward cap. This will in turn guarantee that the Tron MainNet is one of the most secure and stable platform in the Crypto-verse. A goal that Justin Sun will achieve before the 24th.
Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.