Shardeum Partners with Immunefi for Bug Bounty Initiative Ahead of Mainnet Launch

Strategic Partnership for Enhanced Security

Shardeum, a prominent autoscaling layer-1 blockchain, has joined forces with Immunefi, the leading bug bounty and security platform in the Web3 space. This collaboration aims to conduct Shardeum’s inaugural bug bounty program, offering a substantial $700,000 in bounties to detect and resolve network vulnerabilities prior to its mainnet launch. The initiative is crucial for ensuring robust security as Shardeum transitions to the mainnet.

Bug Bounty Program Details

Shardeum's bug bounty program is open to global developers and ethical hackers who are invited to identify and report critical bugs in the network. Participants demonstrating valid proof of concept and replicability will be rewarded with bounties. This initiative marks a significant move towards engaging the developer community and fortifying the blockchain's security infrastructure.

Boosts and Incentives

The bug bounty program features two “boosts,” enhancing rewards for successful bug identification. The “Core” boost offers a total bounty of $500,000, while the “Ancillary” boost provides $200,000. These boosts run from July 5th to August 16th, 2024, encouraging extensive participation and thorough testing of the network.

Community and Development

Shardeum has already seen robust community engagement, notably through the launch of Stage 1 of its incentivized testnet, Atomium, which attracted over 483,000 participants. The ongoing involvement is anticipated to grow with the upcoming release of Stage 2. This community-centric approach not only aids in identifying vulnerabilities but also fosters a collaborative environment for blockchain development.

About Shardeum and Immunefi

Shardeum leverages dynamic state sharding to maintain low gas fees and high transaction throughput, enhancing decentralization by enabling anyone to run a node. Immunefi, a pioneering crowdsourced security platform, protects over $190 billion in user funds across numerous blockchain projects. Their partnership with Shardeum signifies a shared commitment to elevating blockchain security standards and engaging community members in this critical effort.