In an announcement on their official blog on October 24th, IOTA stated that its Trinity Wallet bug bounty program is open for the general public. The program encourages independent security researchers from various sectors to find bugs in the wallet.
Trinity Wallet Bug Bounty is now open to the public https://t.co/CgZYCKWCXd #bugcrowd #trinitywallet #bugbounty
— IOTA (@iotatoken) October 24, 2018
The wallet is currently in a beta version of what is proposed to be a cross-platform crypto wallet designed for members of the IOTA community who are not included in design or development. It has held notable reputation with community members, giving them upgrades on previous versions in design, security, and platform compatibility. The principal aim of the wallet it to enhance security while providing an all-around great user experience.
Notably, the Trinity wallet only came into existence after IOTA’s initial wallet was called out by its users for its complicated, unfriendly design and disappointing security features.
The post reads:
“Our intention was to create a beautiful wallet experience that didn’t compromise on safety. The team has delivered a great product. However, even after the multiple external audits we’ve had on the Trinity Wallet, we understand that security isn’t something you ever finish. It’s a continual process.”
Ever since the launch, private bug bounty plan Bugcrowd was applied to obtain the functionality of critical information. Bounties were priced from $100 to $1,500 depending on the severity of the vulnerability, with average payouts at $ 900.
Distinctly, up till now, two external security audits were performed on the wallet to recognize threats. Both were fixed immediately after the discovery and is opened to be assessed by the public.