The VeChain Foundation has recently announced that it is launching a bug bounty program on HackenProof. HackenProof is a tokenized crowdsourced vulnerability rewarding platform that is leader in the market. The main intention of this program is to identify important vulnerabilities in VeChain Thor blockchain and eliminate them in case it is needed.

VeChain Launches Bug Bounty Program

VeChain is one of the most important public blockchain platforms available. The VeChainThor alpha testing stage has been recently launched, and hackers from the global community are now invited to start a private bug hunting process.

Researchers participating have a solid background in cybersecurity, source code review, p2p networks, smart contracts and more. In this way they will be able to provide important insights on how to improve the network and receive a compensation for their work.

VeChain COO, Keving Feng, said:

“VeChain values security as the first priority for a public blockchain platform made for enterprises adoption. And we chose the HackenProof platform to host a bug bounty to leverage the power of the community.”

VeChain is trying to protect users from potential future damage. These bounties are very important because they help securing the network in case of possible bugs. The VeChainThor blockchain is expected to conduct an important number of transactions. This is also one of the main reasons why the company decided to sign an agreement to place the product on the HackenProof bug bounty platform.

The VeChainThor blockchain will be available before June the 5th. This is the first time that VeChainThor code base is available to the general public.

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