How you will see, there are several key points in the intention of the bonus program, each will be explained below, according to the order in which they appear:

Find vulnerability of Bitshares accidentally or intentionally

As we know, one of the weaknesses still present in the platforms that use the chain of blocks are the attacks of the hackers, which try, among other things, to stay and manipulate the password of their users in order to have the cryptographic assets invested in it , example of this kind of situations can be seen in events such as those announced on July 24 of this year when the Vice President of Business Development of OpenLedger Yury Cherniawsky made his opinion public:

"After the recent phishing attack, we spent a lot of time investigating the possibilities of eliminating future attacks risks or making their consequences less dramatic for users".Source.

For this reason, the OpenLedger proposal about a BitShares security project for the user arose, this was called: Bitshares Bug Bounty program, as the illustrated image on the left shows.

For now, the proposal is in the research and analysis stage, which is estimated to take a period of approximately 2 months.

Allocate funds to reward users

To encourage users who wish to contribute ideas to protect the safety of inverted tockens, the platform has funds that will go to what they call a worker "Hack The Dex" who is interested in supporting the Bitshares Bug Bounty program, it is to be noted that the connotation that must be made to the phrase "worker" is that of a designated position, which will receive payments for financing the Blockchain infrastructure through detection of errors that threaten the vulnerability of the platform. In the case of the aforementioned project, the accumulated funds are the guarantee that the platform has and will serve as a reserve to face this initiative.

Such is the seriousness and planning of the team formed for this purpose, that the funds for workers will be kept in an escrow account and those that are not used will be reimbursed in the network at the end of the period of the proposal.

The rewards will be paid in bitUSD ¹ based on the workers' proposals. The audit panel will use the following values as a guide to decide the amount of reward to be paid according to the level or severity of OWASP ², being as follows:

Critical: up to 25,000 bitUSD
High: up to 10,000 bitUSD
Medium: up to 5,000 bitUSD
Low: up to 1,000 bitUSD
Note: up to 100 bitUSD

^{1 bitUSD} : it is one of the cryptocurrencies that you can find in the Bitshares platform, likewise you can find other cryptographic assets such as BitSilver, BitPlatinum or BitGold.

^{2 OWASP}: Known as an open web application security project (OWASP), Source, this type of community is dedicated to enabling organizations to develop, purchase and maintain reliable applications, if you want to know more about it you can access here

Reward users in relation to the general risk assessment of the exploit they found

As explained in the general introduction of the BitShares Bug Bounty program, the intention of rewarding users according to the risk of the error found is to minimize the low malicious intentions of hackers who find gaps or vulnerabilities in the system, in this way:

"If someone finds a critical error in the DEX ³, he may be tempted to exploit the error and try to steal funds from unsuspecting users." Without a public system of rewards for errors, hackers do not have an obvious path They also have no incentive to share their Exploits ⁴ and techniques, instead of using them to their personal benefit".
Source

^{3 DEX}: abbreviation that is used to summarize the term "decentralized house of change", which as we already know are those that work without the use of intermediaries and operate in environments maintained by software , through which it interacts with the Blockchain technology. Source

^{4 Exploit} : is an English word that means to exploit or exploit, and that in the field of information technology is a fragment of software or script or actions, used in order to take advantage of a security vulnerability of an information system to achieve unwanted behavior. Source

Drawing preliminary conclusions

If the proposal explained so far has seemed interesting to you, even though your knowledge, like ours, is basic and worthy of a beginner excited by everything that peeks out in the Blockchain world, you may have concluded wthat product of the attacks or attack of phishing in the Bitshares platform, it has been decided to fight virtual offenders by publicizing vulnerable points of the system and rewarding those users ("Hack The Dex" workers) who help visualize them and make proposals to improve them.

The amounts to be collected are standardized according to the severity level of the Exploit and the payments will be made in the bitUSD cryptocurrency. Each and every one of them will be made with the intention of improving BitShares' security landscape.

We go well, right? ;-D

Now, if you are one of the followers that have read our previous posts and have grown together with us in terms of the terminology and options offered by the cryptographic market, you will have noticed that:

• The attack was made to the Bitshares platform.
• The proposal came from the OpenLedger platform.
• Both are decentralized platforms

But! What relationship do both have?

Well! we already know that Bitshares has its own exchange that is also integrated in the Blockchain, with the particularity that the OpenLedger platform has access to this exchange, if the account was created in the Bitshares cloud. ;D

Let's say that when you are exchanging cryptocurrencies in the OpenLedger you are doing in the Blockchain of Bitshares . So OpenLedger would be like the gateway.

As is this about? this is possible because the Decentralized OpenLedger (DC) platform is based on BitShares technology and is compatible with an ecosystem that includes the OpenLedger DEX and OpenLedger services of Crowdfunding (ITO). Source

If you are already part of the investors that buy and sell cryptocurrencies on both platforms, you will notice that once inside the exchange room, the interface is exactly the same as in OpenLedger, since you are really in the Blockchain same of Bitshares . The only variant will be the currencies available in both, since each exchange integrates the ones they want, either their native currencies or the different commissions they offer for trade.

Let's hope that today's post has been of interest to you and serves as an incentive to trust in the positive advances that are taking place in the decentralized platforms. Because of this, our intention is to keep you alert to these changes so that you can grow not only your finances but your confidence in the Blockchain.