Cardano

<ul><li>Charles Hoskinson announces a $1M bug bounty challenge for Cardano&#39;s newly encrypted paper wallet at Rare Evo Summit.</li><li>Cardano&#39;s new paper wallet, using PGP encryption, promises top-tier security for cryptocurrency storage.</li><li>The new wallet system addresses the replay attack, offering unprecedented protection against potential threats.</li></ul>Cardano founder Charles Hoskinson made a significant announcement at the <a href="https://rareevo.io/" rel="noopener noreferrer nofollow">Rare Evo Summit </a>that could redefine cryptocurrency storage security. During a live broadcast on the X platform, Hoskinson introduced a new paper wallet system that leverages advanced encryption techniques. This move showcases Cardano&#39;s commitment to innovation in blockchain security.Hoskinson announced a bug bounty program in partnership with Moneta to demonstrate their confidence in the system&#39;s security. The program includes a $1 million USDM reward in a paper wallet. The challenge invites cybersecurity professionals to try hacking the wallet, promising that if they succeed, they could keep the $1 million. This bug bounty will run until the end of the year, allowing ample time for participants to test the system&#39;s defenses.The new wallet system is described as the most secure ever created, highlighting the significant strides Cardano is making in advancing security within the blockchain space. The paper wallet system uses Pretty Good Privacy (PGP) encryption and features two QR codes, one public and one private.<a href="https://cryptotale.org/hoskinson-announces-1m-bug-bounty-for-secure-paper-wallet/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Hoskinson Announces $1M Bug Bounty for Secure Paper Wallet

CryptoTale

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