Blockchain companies awarded nearly $1M in bug bounties through HackerOne in 2019
January 13, 2020, 4:16PM EST
1 min read
Cryptocurrency and blockchain companies awarded hackers nearly $1 million through the security vulnerabilities platform HackerOne in 2019.
According to data shared with The Block, cryptocurrency and blockchain companies on HackerOne's platform paid developers and bug-catchers a total of $968,504 last year for finding and addressing system vulnerabilities.
The amount marks a 64% surge from 2018. As reported at the time by The Next Web, Block.one awarded a significant amount – more than $500,000 – that year.
Cryptocurrency and blockchain now constitute the fourth-biggest industry when it comes to giving out bug bounties, with Internet services, computer software, and media making up the top three, according to HackerOne. Notable industry firms with presences on HackerOne include Coinbase, Blockchain and Ripple.
The industry also saw the highest-average bounty payment of $6,124, according to HackerOne's figures.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.