Algorand Protocol Bug Bounty, Up to $2 Million in Rewards

Algorand, the pure proof-of-stake, carbon-negative Layer-1 blockchain network, has announced a $2 million bug bounty program with Immunefi, the leading bug bounty platform for Web3. Launched in partnership with the Algorand Foundation, this program will be focused on further strengthening the security of Algorand’s core protocol.

“Algorand was designed to be decentralized, scalable and secure from its inception,” said Paul Riegle, Chief Product Officer at Algorand. “The launch of this program extends upon those principles by incentivizing well-intentioned developers and white hats to further enhance security against bad actors.”

Algorand is committed to delivering highly sophisticated blockchain technology and takes the security of the platform and its users very seriously. This program brings the community in as an additional security layer on top of the thorough, ongoing testing and review processes in place during core development.

Security is an absolute necessity for a public blockchain in which all participants can safely transact and build reliable, resilient and secure applications. The bug bounty will cover Algorand’s open-source core protocol software. Further details about the scope of assets included in the bug bounty and details on the reward levels can be found on Immunefi.

The Algorand Foundation in the near future will also partner with several ecosystem projects, including Folks Finance, for additional bounties. Stay tuned!