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This report updates on what WEFUZZ, Coinbase Crypto Neighborhood Fund grant recipient, has been engaged on over the primary a part of their year-long Crypto growth grant. This particularly covers their work on a decentralized, crowdsourced safety audit and bug bounty answer.
By WEFUZZ, Coinbase Crypto Neighborhood Fund grant recipient
WEFUZZ implements a completely decentralized, crowdsourced safety audit and bug bounty answer: a set of sensible contracts that permit builders and corporations to get their sensible contracts, blockchains, web sites, and so forth., audited by the auditors and hackers neighborhood. With this work, WEFUZZ goals to change into the *Hacker DAO*.
Crowdsourcing is a sourcing mannequin during which people or organizations acquire items or companies — together with concepts, voting, micro-tasks and so forth., from a big, comparatively open, and quickly evolving group of contributors. Corporations like Uber, Gitcoin and GoJek already use this mannequin. Crowdsourcing mannequin presents improved prices, velocity, high quality, flexibility, scalability, and variety.
The normal crowdsourcing system consists primarily of three roles: requesters, employees (auditors in our case), and a centralized system. Requesters submit duties to be accomplished by way of the crowdsourcing system. A set of auditors full this process and submit options to the crowdsourcing system. Requesters will then choose a correct answer (often the primary or the very best one which solves the duty) and reward the corresponding employee
This makes centralized techniques weak. Consumer’s delicate info (e.g. identify, e mail handle and so forth.,) and vulnerability reviews are saved within the database of those centralized techniques, which has the inherent threat of privateness disclosure and knowledge loss. Centralized choke factors are usually not solely assault vectors for leaks and hacks, but in addition for outages.
Crowdsourcing firms are eager on maximizing their advantages and require requesters paying for companies, which in flip improve consumer’s prices. Most crowdsourcing techniques demand a ten–25% service payment.
All these points add as much as the already current considerations of sensible contract and multi-chains homeowners and builders (the audit requesters), freelance auditors’ and moral hackers’ considerations. A few of these considerations are:
- Making certain their property are secure from cyber theft, knowledge hacks or another threat that can lead to a lack of funds and compromised knowledge
- Having the ability to get audits finished in an economical manner — be it non-public or public safety audits
- Ensuring the sensible contracts are audited by a number of auditors
- Hackers don’t need to share delicate private knowledge
- Hackers and auditors and builders want full transparency
WEFUZZ is a completely decentralized, crowdsourced audit and bug bounty platform aiming to be the Hacker DAO. WEFUZZ goals to supply reliability, equity, safety and low service charges by design.
The decentralized platform has many benefits reminiscent of larger consumer safety, service availability, and decrease prices. Good contracts working on a selected blockchain are used to carry out the entire technique of crowdsourcing duties which accommodates posting audit and bounty campaigns, submitting audit and bug reviews, bounty project, and so forth.
WEFUZZ answer presents quite a few added advantages to customers:
- Knowledge Safety: Reviews are encrypted with auditors’ and goal builders’ public key, in order that the bug reviews solely will get learn by who it’s meant for. Recordsdata are encrypted and saved on the decentralized community storage. No extra knowledge breaches, hacks, password leaks or another threat affecting current cloud primarily based audit and bug bounty platforms.
- Value Effectiveness: Permitting sensible contract builders, multi-chain builders, and corporations to get audits carried out in an economical manner straight by the auditors and hacker crowd on the WEFUZZ platform. This helps the builders and corporations keep away from large charges and congestion points affecting the normal bug bounty platforms.
- Versatile anonymity: Auditors and hackers can select to stay nameless whereas submitting reviews, defending their privateness, and nonetheless getting paid.
- Communication Safety: No centralized knowledge storage, full anonymity, no knowledge transfers, no moderators and full end-to-end encryption. All the information resides encrypted on the Solana blockchain and all of the information reside on the IPFS blockchain.
Audit Requestors: Builders, firms or any particular person can request audits or begin a non-public/public bug bounty marketing campaign.
Auditors: Auditors could be anybody from moral hackers to audit companies who can carry out the requested audits or take part in bug bounty campaigns.
Judges: Judges are neighborhood members who’re both elected by the neighborhood or have been raised to the Decide class by way of repute.
Presently, we’re engaged on the conceptualization, technical structure, and system design of WEFUZZ, moreover constructing our MVP on Solana and Polygon blockchains, and testing the optimum chain for our undertaking.
Please be part of our Discord and observe us on our Twitter and Medium to maintain observe of the progress. We’re going to launch the code and different instruments we construct as a part of the analysis and growth on this Github account.
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