Cardano founder Charles Hoskinson has announced a $1 million challenge to the ADA community.
At the recent Rare Evo 2024, Hoskinson revealed a 1 million USDM bounty available for anyone who could hack a Lace Paper Wallet.
The Cardano founder shared a clip on X announcing the challenge and a tweet that read, "If you can hack it, you can keep it." "One million dollars." The challenge invites members of the ADA community to attempt to hack the Lace Paper Wallet and thus contribute to securing the platform.
In a significant milestone, Cardano Web3 wallet Lace has introduced a completely new security feature: the Paper Wallet feature, which makes Lace even easier to protect — users with existing PGP keys can now restore their wallet with a single encrypted QR code.
Lace emphasizes its focus on security, and the addition of the new Paper Wallet feature represents a significant move in this regard. To mark this milestone, Lace has launched the Lace Paper Wallet Bug Bounty Program to prove Lace's security.$ADA
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