Facebook’s Libra Bug Bounty Program Now Open to Public Access

By Mark Lemon – Cryptocurrency Expert

Ahead of its imminent launch in 2020, the Libra Association has opened a bug bounty program for the public to address any of their security concerns, as with many projects using a chain you can buy and sell cryptocurrency.

This announcement came through an August 27th post on Libra’s website. The launch is meant to focus on the program’s expansion to promote values that are to the Libra Association, including transparency, global access and openness, as well as ensure minimal issues upon launch. As with many projects, teething issues can discourage some to buy and sell crypto on the chain.

The association believes that opening the bug bounty program to the public will entice “many more people with diverse skills and backgrounds” to test the blockchain security of Libra. Though many of these users will already be involved in blockchain technology, it could bring new developers to the space. These users could earn coin through the program and become familiar with the technology without buying Bitcoin or another crypto.

Michael Engle, head of developer ecosystem at the Libra Association, said in another August 27 blog post on Libra’s website that participants who uncover critical security issues could potentially earn up to $10,000. The purpose of the expansion is explained by Engle as follows:

“We want to help our researchers uncover issues while the Libra Blockchain is still in testnet and no real money is in circulation.”

Once the chain goes live and users begin to buy and sell cryptocurrency and transact throughout the chain, the risk for Libra increases dramatically.

Surprisingly, there hasn’t been a single mention of social media giant, Facebook, of which many believe to be spearheading the Libra crypto project. This has been one of the biggest assumptions of many regulators, with one US congressman even referring Libra as a “Zuck Buck.”

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