As the THORChain network prepares to enter its next phase of growth with the transition to Mainnet, it is first necessary to illustrate the growth and maturity of the network in the year since Chaosnet’s launch.
Here's a summary:
Bug Bounty Program:THORChain’s bug bounty program with ImmuneFi was updated to $1,000,000.
External Code Audits: Audits of the THORChain code have been completed by some of the leading blockchain security teams including Halborn Security and Trail of Bits.
Team Focus on Security: While security and stability were always a priority, a strong and persistent focus on security and network stability is now baked within the network operations .
ThorSec “Red Team”: Nine Realms was introduced and has overseen the creation of a 24/7 always-on security team to work offensively and defensively on the security of the network.
White Hat Disclosures: A detailed unstructured review of THORChain’s THORNode and Bifrost code base was conducted by a seasoned security researcher who has responsibly discussed 10 vulnerabilities of varying severity
*** Introduction of Stagenet**: Stagenet was introduced which is a staging environment that is a clone of THORChain using real assets and closely mimics Chaosnet.
Hardening the Code: Additional protocol-wide security measures to protect user funds and the network have been added as blanket protections to either stop or greatly reduce the risk to funds in the event of future exploits
Mimir Control to Nodes: Mimir is a feature that allows the constants and parameters of THORChain to be edited.
Automatic Solvency Checker:The solvency checker of the network’s primary vault was introduced to catch issues early or prevent them before they happened.
