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EOS (EOS) With Another Hackathon In Sydney After Honk Kong’s, Calls For Technical Mentors

The market looks favourable and EOS, the world’s fifth largest cryptocurrency by market capitalisation, is enticing its community and developers, who are avid lover and contributor to the cryptocurrency, by staging another Hackathon Event where bounties would be won.

Previously, a Hackathon event took place in Hong Kong, and now, the cryptocurrency is announcing an impending Hackathon which will take place in Sydney.

EOS, in a release made known that through the event, it will be welcoming applications from developers who are willing volunteer as Technical Mentor at the event come August 4–5.

The Cryptocurrency with widely appreciated use cases stated that to be a potential applicant, one would have been following the development and launch of EOSIO, have DAPP which is already working on the platform, and lastly understand everything about “cleos,” “nodeos” and “keosd”.

For interested applicants, a link which is directed to EOS Hackathon Website where Mentor Application Form would be filled out was included in the release.

Benefits Of Applying For The Event.

  • For every selected applicants, hotel and airfare expenses from the applicant location to Sydney and back will be covered by the foundation.
  • Another vital importance of being a part of the event is that selected applicant will have the privilege to discuss about the platform and educate others building innovative projects on EOSIO.
  • As a mentor one would be entitled to various numerous rewards.

Since the event is not the first of its kinds, other benefits enjoyed at the hackathon event in Hong Kong will also be made available.

EOSIO Hackathon Event In In Hong Kong

Earlier, on June 10, EOS announced that it will kick-start the EOS Global Hackathon series in Hong Kong, and Block.one will be the one launching it.

At the event where 90 teams displayed their work for appraisal, top three teams walked away with cash prizes and stood the chance of being a competitor at the final where US$500,000 would be won.

Return Of Cryptocurrency.

Cryptocurrency is now having a rebound. There is hope that EOS will also enjoy from this massive increment in value.

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EOS Bug Bounty Update: Researcher Earns $120K in a Week Highlighting Bugs on The Platform

One is tempted to reference words by our parents or guardians with respect to working hard in school for one day it will pay off. One software researcher must have taken these words to heart for he is $120,000 wealthier for his efforts in uncovering bugs on the EOS platform in a period of less than a week.

Guido Vranken, is the sharp software researcher who managed this feat. EOS had launched a bug bounty program that rewarded $10,000 for each vulnerability found on the EOS platform. The bug bounty program was announced via twitter a while back by Daniel Larimer who works at the project. Larimer had this to say via twitter with respect to the announcment:

Help us find critical bugs in #EOSIO before our 1.0 release. $10K for every unique bug that can cause a crash, privilege escalation, or non-deterministic behavior in smart contracts. Offer subject to change, ID required, validity decided at the sole discretion of Block One.

This was after a cyber security firm had identified critical vulnerability on the EOS MainNet that could enable a rogue hacker, to take full advantage of the EOS node network, and launch a full blown cyber attack on other cryptocurrency mining networks.

Guido Vranken answered the call of duty to help the EOS project in making the platform more secure for its users. EOS did not waste time thanking him and even went a step further to offer him a permanent job at the project. Vranken and EOS are yet to confirm if they ironed out a deal.

Fellow bug bounty enthusiasts, had nothing but praise for Vranken on twitter:

Tweet by John Bottarini, a bug bounty enthusiast

To which Vranken acknowledged and thanked Bottarini:

Thank you. A couple more waiting to be rewarded. I think the final tally was $120K but I lost count. Took me about a week.

Vraken has an impressive history available on his website, of uncovering over 92 software bugs in companies such as Twitter, Tor, OpenSSL, DropBox, Python, Yahoo!, Slack, Trello, HackerOne and now on EOSIO.

With respect to market performance, EOS is still holding strong at $13.98 and up less than a percentage point in 24 hours. The total market capitalization of the crypto-markets has stabilized at levels of $340 Billion with Bitcoin holding steady at $7,624.

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Will EOS (EOS) Manage To Patch Vulnerabilities Before MainNet Launch?

The internet has been abuzz with news of discovered vulnerabilities in the EOS (EOS) platform ahead of the MainNet launch on the 2nd of June. The discoveries were made by China based internet security firm, Qihoo 360 who later notified the EOS project members in what the firm considered as ‘epic vulnerabilities’.

The vulnerabilities were relayed to the EOS team early today morning with Qihoo 360 highlighting that rogue attackers can use a malicious smart contract to gain control of all the nodes in the network. What can then proceed to happen, is the attacker will probably manipulate transactions at will and cash out. The attacker was also noted as being capable of using the nodes as a botnet system that can be used to mine another cryptocurrency network or even launch a full blown cyber attack.

The report is quoted on discovering the following:

Due to the decentralized computing characteristics of blockchain networks. A security vulnerability in the implementation of a blockchain node may cause thousands of nodes to be attacked. Even a denial-of-service vulnerability that is considered to be relatively harmless in the area of ​​traditional software vulnerabilities may trigger storm attacks on the entire network in a blockchain network, causing a huge impact on the entire digital currency system.

The report goes on to explain how the attacker can do whatever he wants once he has access to the EOS super node including gathering information on the EOS users’ keys, profiles, private data and more.

The question now is, with such vulnerabilities identified, will the EOS team be able to still launch the MainNet on time or will they postpone the launch?

The team at EOS has even announced a bug bounty program via twitter through their team member, Daniel Larimer who posted the following just 16 hours ago:

Help us find critical bugs in #EOSIO before our 1.0 release. $10K for every unique bug that can cause a crash, privilege escalation, or non-deterministic behavior in smart contracts. Offer subject to change, ID required, validity decided at the sole discretion of Block One.

The crypto-market has had a knee jerk reaction to the news with EOS currently trading at $11.63 at the moment of writing this and down 2.82% in 24 hours. The token had bottomed at $10.94 this morning around 6:34 am, UTC. Only time will tell if the security vulnerabilities will be fixed before the MainNet launch, or if the launch will have to be postponed.

The current EOS MainNet launch countdown reads 4 Days, 7 Hours and 15 Minutes at the moment of writing this. Time is indeed a factor.

[Photo source, gawker.com]