Search
Close this search box.
Search
Close this search box.

Namada Security: Comprehensive Protection for a Robust Ecosystem

Namada Security: Comprehensive Protection for a Robust Ecosystem

Explore Namada’s robust security framework, combining community reviews, extensive audits by top organizations, and an incentivized bug reporting program. Learn about the Namada Mainnet Security Program, rewarding up to CHF 100,000 for critical vulnerability discoveries. Stay informed about user security practices and Namada’s commitment to blockchain security excellence.

Explore more about “What is Namada?

Introduction to Namada Security

Namada’s security framework is designed to safeguard its open-source protocol, relying on both community reviews and rigorous third-party audits. Despite its innovative nature, potential bugs or performance issues may arise. Therefore, Namada’s Security Program aims to systematically identify and address these vulnerabilities efficiently.

Security Audits

The Namada protocol undergoes extensive audits by leading organizations such as Antithesis, Inference, Informal Systems, Least Authority, and Oak Security. These audits cover various aspects, from MASP to Namada IBC implementation.

Mainnet Security Program

The Namada Mainnet Security Program, managed by the Anoma Foundation, incentivizes discovering and reporting critical security bugs. Rewards range from minor recognition to significant monetary compensation (up to CHF 100,000) based on the severity of the vulnerabilities. The program underscores the foundation’s commitment to collaboration with whitehat security researchers.

Earning Rewards

The Anoma Foundation will pay up to CHF 100,000 for security vulnerabilities payment via a mutually acceptable method. Payment is subject to applicable law and regulations. Vulnerabilities are scored according to the following criteria:

LevelExampleReward
MinorUnclear code, confusing CLI, interaction patterns in which users can easily make mistakesNo reward, but submissions are still appreciated
MediumCausing clearly unintended state machine behaviour, such as a mismatch between the proof-of-stake reward algorithm in the specs and in the actual implementationUp to CHF 5,000
SeriousHalting the ledger, continuously DoS-ing a node with a standard/reasonable configurationUp to CHF 50,000
CriticalStealing funds, withdrawing funds without user authorization, double-spending, breaking critical security properties (e.g taking over the chin as one validatorUp to CHF 100,000

User Security Practices

User security also depends on smart defensive design, community cooperation, and cautious behavior. The Anoma Foundation advises against sharing seed phrases or key materials and encourages users to verify applications or projects within community channels.

Conclusion

Namada’s multifaceted approach to security ensures a resilient and secure ecosystem. By combining extensive audits, incentivized bug reporting, and vigilant user practices, Namada sets a high standard for blockchain security.

About OriginStake

Originstake is your professional and trusted validator that assists you in your staking activities. We provide full support services, a reward management dashboard, rewards sharing, and much more!

With Originstake, staking is safe, profitable, and extremely cost-effective!

Share the Post:

Subscribe for our insight