Bug Bounty Program Proposed for Terra Classic to Enhance Security
Summary: The Terra Luna Classic community-supported Joint L1 Task Force (L1TF) has proposed a bug bounty program to reward individuals who find and report security vulnerabilities. The program aims to increase network safety, reliability, teamwork, usability, and reward contributors for finding and reporting vulnerabilities.
The Terra Luna Classic community-supported Joint L1 Task Force (L1TF) has proposed a bug bounty program to financially reward people who find and properly share security vulnerabilities. The public’s contributions to the LITF will cover the whole cost of the bounty.
A proposal called “Luna Classic Bug Bounty Incentive Program” was put out on Twitter by Joint L1 Task Force project manager LuncBurnArmy.
In order to shed light on network issues, the Terra Luna Classic development team has planned to restrict the circulating supply of LUNC and USTC in the third quarter. Several customers have reported an increase in problems after the most recent upgrades.
Enhancing Network Security
According to the proposal, a bug bounty program will increase network safety and reliability, promote teamwork and usability, and reward contributors for finding and reporting vulnerabilities. There is no need for a community spending request since L1TF would pay for the bounties. The L1TF allocation plan for Q3 includes 50M LUNC.
Anyone Can Participate
The bug bounty program is open to everyone, including members of the community, external developers, and security experts. Responsible disclosure practices include avoiding releasing vulnerabilities to the public and not participating in any form of malicious conduct, as well as operating in compliance with existing laws and ethical standards.
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In view of recent happenings, most people agree that network security has to be increased. However, after approving three separate requests for community pool expenditures, Terra Luna Classic’s fund balance has also reduced significantly.