Charles Hoskinson Launches $1M Bug Bounty Challenge Ahead of Cardano's Chang Hard Fork

Following a recent revelation shared by CNF, Cardano Founder Charles Hoskinson has launched a $1 million bug bounty challenge ahead of the Chang Hard Fork.

Cardano founder Charles Hoskinson has announced a $1 million bug bounty challenge ahead of the Chang hard fork.

According to an announcement from Cardano developer Input Output, the first phase of the Chang hard fork is set to go live on the mainnet on August 27.

As per a recent tweet by Hoskinson, he hyped up the community with a rhetorical question:

“Are you prepared for Chang? The rocket is on the pad. Governance is coming.”

Are you prepared for Chang? Rocket is on the pad. Governance is coming https://t.co/DFCKjALuzI pic.twitter.com/zBjLorA3Sw

— Charles Hoskinson (@IOHK_sCharles) August 20, 2024

Over 70% of Cardano’s stake pool operators have adopted Node Version 9.1.0, and key decentralized applications (dApps) are said to be ready for the transition.

The Chang upgrade will reportedly introduce community-driven governance, starting with an interim network constitution and a Constitutional Committee.

Despite the upcoming upgrade, ADA, Cardano’s native token, has recently dropped to 12th place by market capitalization, according to CoinGecko, despite the build-up around Chang.

However, as we recently reported, long-term holders now hold nearly 40% of the ADA supply, showing their strong confidence in the network.

At press time, according to CoinMarketCap data, Cardano (ADA) is trading at $0.3512, having surged by 2.00% in the past day and 3.06% in the past week.

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