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CTO of EOS offers bounty of $10k for every dangerous bug in the EOSIO platform

Arjun B



CTO of EOS, Daniel Larimer offers bounty of $10k for every dangerous bug in the EOSIO platform
Source: Pixabay

Ahead of the EOSIO 1.0 mainnet launch, the CTO of EOS has come out on a social media platform to offer a bounty to those who find critical bugs on the mainnet software of EOSIO before its official release. He has announced that EOS would be paying $10,000 for every unique bug which can possibly cause a crash to the software.

The Chief Technical Officer of EOS, Daniel Larimer has also offered users $10,000 for every privilege escalation and non-deterministic behavior in smart contracts.

Daniel Larimer is a software programmer who created the cryptocurrency platform called “BitShares”. He was also the co-founder of the blockchain social platform Steemit. The offers are subjected to change, the Identity verification and validation requirements would be decided at the complete discretion of

The creator of Litecoin [LTC], Charlie Lee has responded to Daniel Larimer’s offer:

“Raises $4 Billion and only offers to pay only $10,000 for catastrophic bugs 2 days before the mainnet launch. It’s strange and there are quite a few other concerning issues with EOS.”

He added:

“This is going to be one of the biggest ERC20 tokens to blockchain launch. It should be an exciting day!”

Qihoo 360, Chinese internet security firm has recently found vulnerabilities in the upcoming EOSIO 1.0 blockchain. Apparently, these vulnerabilities can enable various attackers to execute arbitrary code on the EOS node, which can, in turn, take over all the nodes running on the platform.

They did reach out to the EOS developer team, to which, a spokesperson has stated that the mainnet launch will not take place until all these issues are cleared. The EOS developer team had fixed the issue within a few hours after the bug was reported by Qihoo 360.

This kind of bugs and vulnerabilities could cause serious threats and even cause potential hacks on the upcoming platform of EOS, so it important for both the users and developers to make sure that there are no bugs or issues for the smooth sailing of EOSIO 1.0 after its initial launch.

Daniel Larimer makes it clear that the mainnet launch is scheduled for the 2nd of June, and the snapshot of all the ERC20 tokens on 1st June 23:59:59. The users have time till then to register for the migrations. The ERC20 tokens will freeze on the Ethereum Platform after the launch of the mainnet.

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