- Finalising bank transfer functionality for Android/iOS
- Preparing iOS app distribution
- Setting up backups
- Implementation of payout request processing
- Improvements to fiat transaction status tracking
- Improvements on error handling procedure
In situations where users compete for value, it is inevitable that eventually someone will attempt to seize any advantage they can, even resort to actively malicious means to gain access.
Developers know that every time a vulnerability is patched, a new one may be discovered elsewhere. Malicious actors may use social engineering, code injection, overflow exploits, race conditions, and more esoteric exploits to gain access and wreak havoc.
This is why we have come to the conclusion that the best way forward is to offer rewards to anyone who can help us create a more robust software ecosystem.
As such, we will be rewarding users who manage to find exploits in our software and report these in a private, timely, and discreet manner. Additionally the structure of our upcoming bounty program will provide numerous incentives that we believe ethical hackers will find quite enticing.
The Plutus Security Bounty Program will officially launch July 11th, and will include a comprehensive list of instructions and rewards.
Currently our team is finalising all aspects of bank transfer functionality. This means that users will be able to transfer fiat directly to their (European) bank account after selling crypto on the PlutusDEX. This is a process independent from the card itself, and access to this feature is being implemented for both Android and iOS devices as we speak.
Why does Plutus insist on a peer-to-peer trading platform (PlutusDEX) instead of opting for an easier centralised solution?
Pros:
- No central storage of value necessary.
- Attempts to reflect and emulate the founding principles of Bitcoin as best as possible.
- Users are encouraged to secure their own funds directly.
- In practice, you have a 100% guarantee that a transaction occurred in exactly the way that it appears in the log or ledger.
- You can build products and services that rely on the points listed above.
Cons:
- No “high-frequency” trading
- Complicated architecture
- Longer development
Here at Plutus we are first and foremost committed to platform security — which is why the PlutusDEX peer-to-peer gateway and our upcoming security bounty program will be the core pillars of our enterprise. Stay tuned.
Need to know what happens when it happens? Head over to our official Telegram channel for exclusive news on exchanges and much more. Updates are shared live and you’ll have the chance to interact with both members of the community as well as the Plutus team itself. (Please keep in mind, only those with an “ADMIN” title are part of the team.)
If you have any questions or suggestions, reach out to us on Telegram.
Sincerely,
Plutus
