Terra Classic Devs Propose Bug Bounty Program To Improve Security
- The reward will be paid entirely out of donations to LITF made by the general public.
- After the latest updates, several users say they’ve seen an increase in issues.
The Joint L1 Task Force (L1TF), a group of community-backed core developers for Terra Luna Classic, has suggested a bug bounty program to reward those who discover and responsibly disclose flaws in the system. The reward will be paid entirely out of donations to LITF made by the general public.
Proposal 11602 “Luna Classic Bug Bounty Incentive Program” was posted on Twitter by the Joint L1 Task Force project manager LuncBurnArmy.
Combating Increased Issues
The Terra Luna Classic development team plans to reduce the circulating supply of LUNC and USTC in the third quarter, and in doing so, hopes to shed light on network faults. After the latest updates, several users say they’ve seen an increase in issues.
The proposal states that a bug bounty program would improve network security and stability, encourage cooperation and usability, and compensate participants for reporting flaws. Since L1TF will be covering the costs of the bounties, no special community expenditure request is needed. L1TF’s Q3 allocation plan calls for 50 million LUNC.
Moreover, all community members, outside developers, and security professionals are welcome to participate in the bug bounty program. Participants are expected to follow responsible disclosure practices and to operate in accordance with applicable laws and ethical norms. Such as not disclosing vulnerabilities to the public and not engaging in any kind of malevolent activity.
In light of recent events, the majority of the community feels that network security must be tightened up. On the other hand, the community pool fund balance at Terra Luna Classic has also decreased dramatically. Especially, after three community pool expenditure requests were approved.
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Recent Approvals Drain Terra Classic Community Fund Pool
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
