Parity announcing bug bounty program

ParityTech has announced the launching of a bug bounty program
24 July 2017   4565
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.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   406

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.