Cardano Founder Offers $1 Million To Hack Lace Paper Wallet
Cardano founder Charles Hoskinson has initiated a $1 million challenge, encouraging the ADA community to test the security of the newly introduced Lace Paper Wallet
Cardano founder Charles Hoskinson has initiated a $1 million challenge, encouraging the ADA community to test the security of the newly introduced Lace Paper Wallet. Hoskinson called on the community to attempt to breach the wallet’s defences, offering a $1 million reward to anyone who can hack it.
Cardano Founder Launches $1 Million Challenge
In a recent post on the X platform, Charles Hoskinson announced the Lace Paper Wallet Bug Bounty Program. This initiative is a step towards enhancing the security features of the Lace Wallet, a product developed under the Cardano blockchain ecosystem. The challenge, open until the end of 2024 or until someone succeeds in hacking the wallet, invites tech enthusiasts and developers to prove their skills by breaching the wallet’s security.
Charles invited the community to try the challenge, tweeting, “If you can hack it, you can keep it.” “One million dollars.”
Details of the Lace Paper Wallet
The Lace Paper Wallet integrates advanced encryption and a user-friendly interface to give users a robust security option. It allows users to restore access to their funds using a single encrypted QR code. This new feature aims to simplify security for users, even as it strengthens it by requiring physical possession of the QR code for access.
