In an endeavor to make Lido for Solana secure, we are partnering with Immunefi to deliver a $100,000 bug bounty program

We are taking another step in making Lido for Solana more secure by announcing a bug bounty in partnership with Immunefi. To date, we have had two audits done on our source code. The first one has been done by Bramah Systems and the second one, which is ongoing at the moment, by Neodyme. This bug bounty is a step further in fortifying the security of Lido for Solana ahead of its launch in September.

The bounty amount of $100,000 could be soon revised to $2,000,000 if the proposal to bump it up gets accepted. The $2m proposal is getting…


The ways in which multisig reduces trust surfaces and speeds up project execution

Lido for Solana is governed by the Lido Decentralized Autonomous Organization (Lido DAO). Members of the DAO — holders of the LDO governance token — can vote on high-level proposals, such as whether to expand to a new chain. For day-to-day tasks, we have a much more narrowly scoped need for somebody to execute privileged operations: an administrator.

The administrator rights reside with a 4-out-of-7 multisig that consists of established validators and ecosystem partners. Last week, we successfully set up the multisig on Lido for Solana Testnet.


$2K each for 5 women anywhere in the world to attend Ethereum Bootcamp by Preethi Kasireddy

Chorus One is delighted to sponsor 5 full scholarships ($2000 each) to Preethi Kasireddy’s 7 day Ethereum Bootcamp — at the end of which you would have built your very first Dapp!

Chorus One is committed to gender diversity in the Crypto Space. We actively run, support, and fund initiatives that help more women enter the industry. Preethi’s drive to provide scholarships to Indian women resonates with our values — which is why we decided to fund 5 women from across the world to be able to attend this Bootcamp.

How to Apply

You can apply for the scholarship in 5 easy steps


Lido for Solana Mainnet will launch soon. Here’s what we have been up to!

Roadmap


Explaining how a crypto holder can earn rewards on their assets


Explaining the SOL liquid staking solution by Chorus One

Lido, the largest liquid staking project on Eth2 and Terra, is looking to expand its offering to the high-performance blockchain Solana. Chorus One is building this service for Lido.

‘Lido for Solana’ is a Lido-DAO governed liquid staking protocol for the Solana blockchain. Anyone who stakes their SOL tokens with Lido will be issued an on-chain representation of SOL staking position with Lido validators, called stSOL. This will allow Solana token holders to get liquidity on their staked assets which can then be traded, or further utilized as collateral in DeFi products. …


Understanding transactions is key to understanding bitcoin

Photo by Austin Distel on Unsplash

What is a bitcoin transaction?

A bitcoin transaction is the means by which the ownership of some bitcoin value is transferred. A transaction is basically a record of how much bitcoin got moved from one address to another (or multiple others). In essence, bitcoins exist as records of bitcoin transactions

Structurally, it is a collection of inputs and outputs. Input means an address that contains a non-zero bitcoin value from which the bitcoin will be sent. Similarly, ‘an output’ is an address that receives the bitcoin. Inputs belong to the same owner, whereas outputs may not!

This description makes a transaction look more like a…


It took 40 years of discoveries and inventions for BTC to become a reality

Photo by Chris Liverani on Unsplash

The invention of the Bitcoin protocol is neither a fluke nor an isolated incident. It is the culmination of 40 years of innovation in the fields of network theory, mathematics, cryptography, and algorithms.

A number of different research papers were required to happen before one could even think of bitcoin. For example, the existence of the internet as we know it today is based on a protocol called TCP/IP. Thus the papers that describe the design of this protocol are key in the history of bitcoin.

In Nov 2019 Ansel Lindner, host of Bitcoin Markets, tweeted an infographic labeled Bitcoin…


Before you invest make sure you know the answers to these 3 questions

Photo by Quino Al on Unsplash

The total value of all cryptocurrencies combined crossed the mythic figure of $1 Trillion in the first week of January this year. Slowly, but not quite steadily, they are becoming a potent force.

Despite their meteoric rise, digital currencies have loopholes. By virtue of existing solely in the cloud, they bring along a host of issues. How do we know which digital currency to trust?

Even though the market’s confidence says a lot about a currency’s validity, how a currency solves a few technical challenges speaks much more to its validity than a market ever could.

In 2018, Bitcoin Gold…


Whether it is a $200K Job or a startup fair, CV is still the go-to document for most people

Photo by George Bohunicky on Unsplash

1. The 10 Second Rule

A resume isn’t read. It is ‘glanced over’. A recruiter or an investor will typically spend only 10 seconds per CV. A rule of thumb is that less than 10 years of experience equals 1 page resume.

A resume is not an essay or a letter. It is neither a detailed report of what you did or a summary of your duties. A resume is a collection of peaks. Each peak is one of these four.

  1. Impact — e.g. sold 100K disposable sanitary pads
  2. Improvement — e.g. made the code run 10x faster or occupy 1/10th the space
  3. Novelty —…

Rishi Sidhu

Blockchain | Machine Learning | Product Management

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