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

Arjun B

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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 Block.one.

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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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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