Home / Blockchain / Blockchain's vulnerabilities are relative, $ 878K of awards received only in 2018

Blockchain's vulnerabilities are relative, $ 878K of awards received only in 2018

Blockchain's vulnerabilities are more troubling than those in other sectors, according to HackerOne's statistics.

The crypto industry has seen a significant increase in the number of people trying to steal funds in 2018, which has led many companies to improve their level of security.

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One of the efforts is to assign bounty bugs to hackers who are able to detect vulnerabilities in the system.

According to HackerOne, only at least 3,000 vulnerabilities were reported in 2018, and as many as $ 878,504 were assigned to hackers in the form of bugs.

Among these, the creator of EOS, Block.one is in first place with 60% of all prizes rewarded in 2018.

A spokesman for HackerOne said: "Almost 4% of all awards received by HackerOne in 2018 came from blockchain and cryptocurrency companies."

In addition, he added, "The average size for all blockchain companies in 2018 was $ 1490, which is higher than the Q4 platform average of around $ 900. One of the best cryptographic hackers has earned 7 times the median salary of the software engineer in own country, respectively. "

In another point of view, it also means that the blockchain bug is actually bigger than it seems, as confirmed by The Next Web spokesman who said that there are currently 64 blockchain companies on their platform from over 2,000 companies similar out there.

To make a comment, even in the oldest and most established cryptocurrency, Bitcoin, the researchers found significant vulnerabilities at the beginning of this year.

Moreover, with the aspects of the immutability of blockchain, the degree of vulnerability is more severe than any other technology that allows reverse transactions.

Given that many people are busy making plans for the coming year, including the investment plan, the last question to be asked to reflect on the above facts could be: "Is cryptocurrency / blockchain a safe form of investment? "

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