DeFiChain Blog

In the early days of blockchain development, there wasn’t clear direction in what projects were looking to build and how they would go about achieving their goals. On top of that, in many cases, we did not know who was behind these projects, and we certainly didn’t know the core values and the mission behind them. Transparency and communication were rarely focal points resulting in more questions about certain projects than answers. Today, all of this has changed! New projects like DeFiChain hold itself to a higher standard. Transparency is not only important, it’s an absolute necessity, and it draws the line around what could be a successful, or an unsuccessful project. As a result, DeFiChain not only embraces open communication, but has always been fully committed to providing and upholding transparency. For DeFiChain, taking transparency seriously means being as open and as honest as possible with the community, especially on the key initiatives that drive further decentralization o...

The next round of DeFiChain Improvement Proposals and Community Fund Proposals started yesterday, and in this short article, we’ll give you all the important information you need to know regarding the voting as well as the most important information of each proposal. The outcome of all proposals is and has always been entirely in the hands of the community. In the spirit of decentralization, we do hope that you’ll accept the DeFiChain Improvement Proposals in order to further incentivize the growth and development of DeFiChain. Besides the two DFIPs, there are also six CFPs up for vote. The latter ones are independent community projects submitted by the respective teams. More on that can be found below. Voting for all DFIPs and CFPs will commence on Monday, 19 July 2021 at 23:59:59 UTC, and will end on 26th July 2021 at 23:59:59 UTC. Before making your decision, we encourage you to discuss your thoughts and ideas about these proposals on Telegram and on GitHub with the wider community....

At DeFiChain, the security of our users is our number one priority. That’s why we’re looking to harness the value of security professionals as well as developers within the community. Our Bug Bounty program underscores our values and serves our mission in becoming the most trusted and transparent blockchain protocol that enables DeFi functionalities for the bitcoin blockchain. DeFiChain’s bug bounty program awards up to US$ 50,000 in DFI for vulnerabilities in the DeFiChain code. How to participate There are many ways to join the program to help find and identify vulnerabilities in the DeFiChain code. You can start by connecting to the DeFiChain testnet by running defid -testnet. Alternatively, you could also study our source code at GitHub. If you find a bug through interacting with our program and/or studying our source code, we can offer a bug bounty reward of up to USD 50,000 worth of DFI, provided that the issue is deemed significant, and you are able to provide useful info in reg...