Dash price: Dash Core employs white hats to hack its own blockchain

Dash Core, the team behind privacy-focused cryptocurrency dash, has hired a team of white hat hackers to test the cryptocoin’s blockchain and expose potential vulnerabilities, The Cointelegraph has reported.

Under the terms of an agreement between Dash Core and leading crowdsourced cybersecurity service Bugcrowd, the dash blockchain will be thoroughly tested to ensure that every aspect of its operations is watertight.

“Meaningful amounts of cash attract a powerful incentive for thieves on a global scale,” said Jim Bursch, who created Bugcrowd’s proposal for Dash. “The Dash project is like building a bank vault, and inviting elite bank robbers to participate in its design, so it can't be robbed by other criminals."

The tests will start later this month and will take the form of a bug bounty, where 60,000 registered security experts will receive incentives to detect problems and report them to the Dash Core team.

Dash Core’s chief executive officer Ryan Taylor explained the company’s reasoning for undertaking such a large-scale security test.

“As Dash gains more mainstream attention, identifying and fixing vulnerabilities is absolutely imperative. Bug bounty programs attract fresh eyes to review code which ensures white-hat hackers help identify any security flaws,” he said, as quoted by The Cointelegraph.

Recent developments have boosted the dash price and attracted more attention to the cryptocurrency. Last month the altcoin was finally approved by Apple, which allowed dash-based apps to be published on the App Store. One such app is the official dash wallet, which, according to Taylor, has been positively received following its debut on Apple’s mobile platform.

In today’s trading, the dash price stood at $187.81, as of 15:39 BST. The coin has risen 1.3 percent over the past 24 hours, according to data from Coinmarketcap.