🧵 1. Blockchain security platform Immunefi launches on-chain bug bounties with "Vaults," allowing developers to escrow funds for white hat hacker rewards. #crypto
🧵 1. Blockchain security platform Immunefi launches on-chain bug bounties with "Vaults," allowing developers to escrow funds for white hat hacker rewards. #crypto
🧵 2. Immunefi aims to increase bug reports by demonstrating sufficient bounty funds, engaging more top-tier bug hunters for enhanced project security.
🧵 3. "Bug bounties" offer rewards to hackers for finding software vulnerabilities, encouraging responsible disclosure instead of exploiting them maliciously.
🧵 4. Immunefi's system allows projects to deposit bug bounty funds to an on-chain Smart Contract, providing transparency and verification for white hat hackers.
🧵 5. SSV and Ref Finance are among the first to adopt the new system, promoting better security for Ethereum infrastructure and decentralized exchanges.
🧵 Read more at: https://cointelegraph.com/news/immunefi-launches-on-chain-bug-bounties-vaults-system