$1 Million Up for Grabs

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Jump Crypto and Immunefi have launched a bug bounty program that allows developers to earn up to $1 million. The program, centered on enhancing “Firedancer,” an independent Solana validator client, started on Wednesday, July 10, and will continue until August 21.

The parties aim to bolster Solana network security by engaging a global community of developers.

Developers Have 42 Days to Find Critical Bugs in Solana Firedancer

This first-ever program for Firedancer invites participants to a 42-day challenge. The reward pool is $1 million in USD Coin (USDC). Impressively, a single developer could secure the entire sum by identifying a critical vulnerability.

“Firedancer v0.1 will respond within 24 hours on weekdays to all bug reports. When the Boost has ended, Immunefi will publish an event-specific leaderboard and bug reports from the event,” Immunefi said.

Read more: How to Buy Solana (SOL) and Everything You Need To Know

Psuedonomyous developer Cantelope Peel of Jump Crypto is leading the development of Firedancer v0.1. Moreover, earlier today, he announced that the Solana testnet has accepted the first block from the Firedancer client.

The launch of Firedancer is expected to significantly enhance the performance of Solana’s network, which has $4.438 billion in total value locked. As an independent client validator, Firedancer plays a crucial role in processing transactions and building blocks, contributing to the network’s scalability and efficiency.

Solana Total Value Locked. Source: DefiLlama

Operational in the C and C++ programming languages, Firedancer is equipped to manage high-volume trading. Initially deployed on a Solana testnet in November 2023, it has proven ready for wider implementation.

The development of Firedancer responds to past challenges faced by Solana, including multiple network outages. Although 2024 has seen just one outage in February, the memory of six disruptions in 2022 highlights the need for improved stability and performance. These enhancements aim to prevent future issues.

Read more: Solana vs. Ethereum: An Ultimate Comparison

Anatoly Yakovenko, co-founder and CEO of Solana Labs, remains optimistic about Firedancer’s potential to speed up the network and decrease the risk of outages. This initiative aims to strengthen the network and also rebuild trust among users and investors within the Solana ecosystem.


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