The Solana Bug Bounty Program
The Solana blockchain team has announced the launch of an exciting initiative in which $1 million will be distributed among users who discover bugs in the first version of the Firedancer validator client. This project was announced by an anonymous developer using the pseudonym Cantelope Peel and is supported by the security platform Immunefi, specializing in web3 security. The program will start on July 10 and last for six weeks, giving participants the opportunity not only to contribute to the improvement of the system but also to receive significant rewards.
Participation Details
To participate in the program, users must undergo the KYC verification process to ensure the security and authenticity of participants. Cantelope Peel noted on the X platform (formerly Twitter) that work on Firedancer is progressing successfully. «We are at an advanced stage of developing our first versions of consensus algorithms for Solana and fork selection algorithms, actively testing them. We are also working on real-time voting systems and other important aspects. Millions of execution slots that conform to the protocol have already been tested,» he added.
Solana’s Network Stability and Updates
Firedancer, created by Jump Crypto, aims to enhance the stability of the Solana network. The client is written in C and C++ programming languages, making it ideal for high-frequency trading and increasing network performance. Recently, Solana proposed a new update, SIMD-0096, changing the approach to distributing fees for priority transactions. The new mechanism fully transfers the commission to validators, improving motivation and network efficiency.
CoinGecko analysts have recognized Solana as the fastest network among major blockchains, with a record 1504 transactions per second on April 6. The network’s growing popularity of meme tokens contributes to its success. Solana developers have also updated the software to address congestion issues and improve overall network performance and reliability, solidifying its leading position in the market.
