Crypti Foundation Open Sources Core Client and Announces Bug Bounty Program

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The Crypti Foundation, the team behind the next generation crypto-currency Crypti, today announced the immediate release of the core client source code under an open source MIT license.

Implementing its own variant of the DPoS (Delegated Proof-of-Stake) consensus model, which calls upon 101 democratically elected delegates to secure its blockchain. The Node.js based crypto-currency, which until now was developed within a closed source environment, was today open sourced to the crypto-currency community.

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To mark the release, the Crypti Foundation also announced a lucrative bug bounty program, aimed at encouraging a thorough analysis of the source code by industry professionals.

Bug bounties will be paid out to successful claimants in the form of Crypti (XCR), the network’s own crypto-currency.

The Crypti Foundation’s Community Manager, Max Kordek said: “Throughout the past year, we have listened to the many opinions voiced within the community, which have often made repeated calls for us to finally open the source.”

Kordek added:

“Speaking on behalf of the Crypti Foundation. Opening the source code of Crypti has always been one of our main objectives. As we strongly believe, Crypti should strive to become the most decentralized and thus democratic crypto-currency on the planet.”

Kordek further added:

“Todays open source release represents our latest version (0.3.2), currently in operation on the main net. Which thanks to numerous performance improvements, runs magnificently on machines with as little as 128 megabytes of RAM.”

Kordek finally added:

“Our forthcoming 0.5.0 release which is set to feature our hugely anticipated decentralized application (dapp) platform. Will also be released as open source, once we have completed our ongoing open beta testing period.”

The source code is available for immediate review on the GitHub repository hosting service (username: crypti / repository: crypti-sources).

Bug Bounty Program

All bugs must be reported by raising an issue on the GitHub repository: crypti-sources.

Bug finders are required to substantiate their claim against a bounty, by providing evidence in the form of a log file, stack trace, video, screenshot or detailed description. Throughout the duration of the program, bugs reported will be assigned a severity level by Boris Povod, the crypto-currency’s lead developer.

Bug bounties are awarded on a first come, first served basis. If a bounty for a specific bug has already been awarded. The bug finder will not be eligible for any reward.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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