Ethereum

Solana

Foundation

Security

Rewards

Surprisingly, <a href="https://coin-turk.com/binance-ethereumun-yeni-guncellemesini-destekleyecek" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/ethereum-price-drops-after-sale-of-ethereum-in-wallet-connected-to-ethereum-foundation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> (<a href="https://en.coin-turk.com/ethereum-dominates-in-q1-revenue-hedera-hashgraph-marks-significant-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a>)’s competitor <a href="https://coin-turk.com/8-dolarla-dibe-vurmustu-simdi-100-dolara-yuruyor-bu-altcoin-icin-yakin-takibe-alin-tavsiyesi-geldi" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (<a href="https://en.coin-turk.com/vaneck-identifies-solana-as-a-potent-challenger-to-ethereum-an-in-depth-look/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>) managed to escape the selling pressure in the market and its price increased by 4%. The native asset of the network SOL is trading at $22.06, with a slight pullback of 2.87% at the time of writing. The price increase came after the Solana Foundation announced a reward of $400,000 to anyone who could potentially shut down the Solana network, posing a challenge to the security of the network.
<h2 style="text-align: justify" id="strong-solana-foundation-to-reward-those-who-find-network-vulnerabilities-strong">Solana Foundation to Reward Those Who Find Network Vulnerabilities</h2>
Jacob Creech, Developer Relations Lead at the Solana Foundation, announced that anyone who can bring the Solana network to a halt will receive a $400,000 reward. This reward is part of the Solana Foundation’s security bug bounty program, which encourages white hat hackers to research potential security vulnerabilities and rewards them for their findings.
<img decoding="async" class="aligncenter wp-image-266467" src="https://coin-turk.com/wp-content/uploads/2023/10/Altcoin-Solana-SOL-Jacob-Creech.png" alt="" width="550" height="377">
As part of the program, various rewards are offered, including $2 million worth of SOL with a 12-month lockup period. The $2 million SOL reward will be given to individuals who find security vulnerabilities and covers security breaches such as unauthorized fund transfers, theft of user-signed funds, or misuse of shares related to the voting program.
Another reward for identifying consensus violations or security issues on the Solana network was announced as $1 million.
<h2 style="text-align: justify" id="strong-performance-of-sol-strong">Performance of SOL</h2>
Although the selling pressure in the market affected SOL’s price last week, it seems to have bounced back from the $21 support level. Currently, SOL’s price is trading with an 18% increase on the monthly chart.
According to technical charts, SOL’s price is trading within a descending channel and has bounced from its $21.15 support. On the upside, the nearest resistance level for SOL is at $22.43. If bulls take control and break the resistance trendline of the descending channel, a significant rise towards the next resistance level at $23.33 is expected in the coming days. Continue Reading: <a href="https://en.coin-turk.com/solana-foundation-rewards-those-who-find-security-vulnerabilities/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/solana-foundation-rewards-those-who-find-security-vulnerabilities/</a>

Solana Foundation Rewards Those Who Find Security Vulnerabilities

Table of Contents

COINTURK NEWS

Other articles published on Oct 14, 2023

Wells Fargo Faces Lawsuit For Freezing $204K; Denies Allegations

TON Foundation Enlists The Support Of Elliptic To Provide Ecosystem Analysis And Security

MetaMask Crypto Wallet Temporarily Vanishes from Apple App Store

WOO Network Price Analysis: Can WOO Turn Bullish in October?

AVAX Price Analysis: Will The Avalanche Price Regain Momentum Or Continue To Bleed?

The U.S. Is Concerned About Bitcoin Miners Connected to the Chinese Government!

Join our free newsletter for daily crypto updates!