When Facebook first announced the Libra, it faced a lot of criticism from the U.S. Congress, with many Congressmen expressing their belief that Facebook shouldn’t be allowed to create its own cryptocurrency. David Marcus, head of the Libra, was severely questioned, after which he promised to make sure all regulations are followed before it launches in 2020. Now, it would seem that Facebook is trying to find any lose ends that the Libra might currently have and is willing to pay for it as the social media giant has just announced a Bounty Bug Program.
According to the announcement, Facebook is asking developers who aren’t an original part of the Libra project, to find bugs and errors for a handsome fee. It hopes the program will result in a much secure Libra
“The program will encourage many more people with diverse skills and backgrounds to inspect and review the blockchain design and implementation. The Libra Bug Bounty program is part of a larger ongoing effort to build an open and vibrant community of security and privacy developers around the globe.”
Depending on the severity of the bug, Facebook says it will pay “up to $10,000 for critical issues on the testnet.” It is hoped that this will be enough incentive to developers, to do what they know to do best, and further strengthen the Libra project. The Calibra Security Director, Aanchal Gupta, has also corroborated this in a statement, saying that the idea of pulling different developers with varying perspectives and levels of expertise, will ensure that the Libra Blockchain is held to the “highest security standard.”
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