Parity announcing bug bounty program

ParityTech has announced the launching of a bug bounty program
24 July 2017   3998
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Today, July 23th, Parity Technologies anounced the launching of their bug bounty program, following the vulnerability found in the Parity wallet, which resulted in at least $30 million theft

As the company reports in its blog, the recent events have shown them that it's not always enough to have good programmers, open-source software and peer reviews in order to ensure no critical bugs make it through to release. Yet, there is inevitably some degree of duplication that this regrettably implies across any given software's user base.

Thus, Parity is starting a bug-bounty program. In other words, the team appeals to the community to help itself.

In order to minimise any potential technical security issues the bounty funds will be initially collected into a cold-wallet account managed by Parity, the company claims. This will be transitioned into a multi-sig once Parity has finalised who the trustees/"owners" of the multi-sig will be that will judge and administer any payments to be made from the fund.

Parity bug bounty program Parity bug bounty program

Anyone who would like to contribute to the Bug Bounty Programme should send funds to the address shown on the screenshot or if using Parity Wallet, the name bugbounty.

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

The program will initially cover the Parity Ethereum client for the latest released versions of beta and stable branches, together with staging branches during the QA period prior to a release. It will be a narrow-focussed fund covering specifically security issues, rather than more general setup, crashing or consensus issues. Depending on feedback from donors, this may be extended in scope at a later time, to cover areas of consensus and other clients and infrastructure that do not currently have a bug-bounty program, ParityTech claims.

The initial targets of this will be Parity's key management (to ensure secrets cannot be compromised or misused), Parity's auto-update Operations contract and Parity's multi-signature Wallet.

In addition, Parity will be reaching out to a number of well-respected security professionals and teams to create a club of bounty-hunters in the near future.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   7

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.