COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Solana Foundation Rewards Those Who Find Security Vulnerabilities
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Solana (SOL) > Solana Foundation Rewards Those Who Find Security Vulnerabilities
Solana (SOL)

Solana Foundation Rewards Those Who Find Security Vulnerabilities

In Brief

  • Surprisingly, Ethereum (ETH)’s competitor Solana (SOL) managed to escape the selling pressure in the market and its price increased by 4%. The native asset of the network SOL is trading at $22.06, with a slight pullback of 2.87% at the time of writing. The price increase came after the Solana Foundation announced a reward of […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Surprisingly, Ethereum (ETH)’s competitor Solana (SOL) managed to escape the selling pressure in the market and its price increased by 4%. The native asset of the network SOL is trading at $22.06, with a slight pullback of 2.87% at the time of writing. The price increase came after the Solana Foundation announced a reward of $400,000 to anyone who could potentially shut down the Solana network, posing a challenge to the security of the network.

Contents
Solana Foundation to Reward Those Who Find Network VulnerabilitiesPerformance of SOL

Solana Foundation to Reward Those Who Find Network Vulnerabilities

Jacob Creech, Developer Relations Lead at the Solana Foundation, announced that anyone who can bring the Solana network to a halt will receive a $400,000 reward. This reward is part of the Solana Foundation’s security bug bounty program, which encourages white hat hackers to research potential security vulnerabilities and rewards them for their findings.

As part of the program, various rewards are offered, including $2 million worth of SOL with a 12-month lockup period. The $2 million SOL reward will be given to individuals who find security vulnerabilities and covers security breaches such as unauthorized fund transfers, theft of user-signed funds, or misuse of shares related to the voting program.

Another reward for identifying consensus violations or security issues on the Solana network was announced as $1 million.

Performance of SOL

Although the selling pressure in the market affected SOL’s price last week, it seems to have bounced back from the $21 support level. Currently, SOL’s price is trading with an 18% increase on the monthly chart.

According to technical charts, SOL’s price is trading within a descending channel and has bounced from its $21.15 support. On the upside, the nearest resistance level for SOL is at $22.43. If bulls take control and break the resistance trendline of the descending channel, a significant rise towards the next resistance level at $23.33 is expected in the coming days.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Surges While Solana Falters: Navigating Crypto’s Shifting Landscape

Solana Surges as Massive Token Transfer Fuels Market Buzz

Solana Drives Market Excitement with Bold Price Target

Solana’s Price Surge Faces Tough Market Challenges

DeFi Development Corp. Boosts Solana Acquisitions with New Financial Strategy

COINTURK NEWS 14 October, 2023 - 11:13 am 14 October, 2023 - 11:13 am
Share This Article
Facebook Twitter
Share
Previous Article Ferrari Starts Accepting Cryptocurrency Payments in the US
Next Article Probability of Approval for a Spot Bitcoin ETF Rises to 90%
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Crypto Markets Surge as Ethereum Breaks Barriers
Ethereum (ETH)
Metaplanet Ramps Up Bitcoin Investments with Bold Financial Moves
Bitcoin (BTC)
Discover How XRP Accelerates the Pharma Payment Network in Seconds
Ripple (XRP)
Tether Faces Criticism Over Financial Practices and Stability
Tether (USDT)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?