Dash, the cryptocurrency which was recently accepted by Apple for the App Store, has contracted the services of Bugcrowd for crowd-sourced security testing. This means that thousands of cyber-security researchers will have an incentive to identify critical software vulnerabilities within Dash’s code and present them to the Dash Core Team.
Jim Bursch, Director of Dash Incubator and Bugcrowd’s proposal creator, said: “Our goal is a safer, stronger network. We are talking about money — the digital equivalent of cold, hard cash. Meaningful amounts of cash attract a powerful incentive for thieves on a global scale. The Dash project is like building a bank vault, and inviting elite bank robbers to participate in its design, so it can’t be robbed by other criminals.”
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Dash Core CEO Ryan Taylor added: “As Dash gains more mainstream attention, identifying and fixing vulnerabilities is absolutely imperative. Bug bounty programs attract fresh eyes to review code which ensures white-hat hackers help identify any security flaws. Providing strong incentives to attract experienced programmers is one of the many tools we have at our disposal to ensure the Dash codebase is as robust as possible.”
Bugcrowd CEO Casey Ellis commented: “Currently, there is a massive shortage in cybersecurity professionals – pair this with an expanding attack surface and companies are at a major security disadvantage. We have amassed a solid resource of professional security researchers and years of experience managing highly complex programs. We are living in the era of digital transformation — cryptocurrency is the next stage in this evolution. Given the globalization of the workforce, it stands to reason that the demand for cryptocurrency will grow.”