ripple and imunefi Today, October 13th, we are joining forces to launch an “Attackathon” for conservation. XRP Ledger (XRPL) lending protocol. Attackathon is a community-driven blockchain security approach that brings together top security researchers from around the world to test new XRPL lending protocols.
Ripple and Immunefi: Launching an Attackathon to Secure the XRPL Lending Protocol
ripple and imunefi Released today, October 13th, “Attackathon” is aimed at securing the XRP Ledger (XRPL) lending protocol.
In fact, the attackathon Community-driven blockchain security model Integrating Immunefi and XRPL, The new standard for secure DeFi innovation.
Meanwhile, Immunefi prides itself as the leading on-chain security platform, protecting $180 billion of user funds. On the other hand, there is Ripple's XRPL, a top-tier blockchain known for its speed and scalability.
The Attackathon brings together top security researchers from around the world to thoroughly test the XRPL lending protocol. and ensure that it is as robust and reliable as possible.
Not only that, but also a start Attackathon Academy will start from October 13th. Train security researchers on relevant technologies. they will be able to compete for $200,000 in total awards for identified vulnerabilities. The bug investigation period begins on October 27th and continues until November 29th.
Ripple and Immunefi: XRP Ledger (XRPL) lending protocol security
XRP Ledger’s new native lending protocol It is expected that It will be put to a vote by verifiers by the end of the year.
The goal of this protocol is to Brings pooled lending and secure credit natively to the XRP Ledger.
This allows developers and financial institutions to automate the loan lifecycle from issuance to repayment, while connecting borrowers with global liquidity and allowing lenders to generate revenue from unused assets.
in this regard, jasmine cooperRippleX product leader said:
“XRPL is designed to support secure, real-world financial applications, which is especially important in the deployment of lending on the network. This effort aims to ensure that proposed lending protocols are thoroughly tested and resilient before launch so that developers and institutions can build with confidence.”
Our partnership with Immunefi allows us to collaborate with leading researchers in the security field to help power this new layer of XRPL DeFi infrastructure. ”
collaboration with Immunefi engages a growing community of over 60,000 security researchers.
Immunefi has already protected $180 billion in user funds and prevented more than $25 billion in hacks across over 650 protocols.
The experience of the company's security researchers enables high-profile DeFi projects like the XRPL lending protocol to identify and remediate vulnerabilities before they impact users, strengthening trust and credibility in the emerging blockchain ecosystem.
Landing in Bahrain and the descent of XRP in the crypto rankings
recently, ripple I made a headline for Expansion in Bahrainthanks to Strategic partnership with Bahrain Fintech Bay.
The common goal is to cooperate in the areas of blockchain, cross-border payments, digital assets, stablecoins and tokenization.
Bahrain Fintech Bay is a leading fintech incubator and ecosystem builder in the Kingdom of Bahrain. Not only that, BFB is working with government agencies and other stakeholders to accelerate the development and adoption of blockchain and cryptocurrencies in Bahrain.
Another recent news XRP has fallen to 5th place in the overall cryptocurrency ranking. In fact, since October 8th, XRP has Overtaken by BNB and Tether (USDT) This is because the market capitalization has increased.
