Sunday, June 23, 2024

Polkadot Protocol Urges Community to Keep Network Free of Scams and Bugs.

Polkadot urged its community members to keep the network away from scammers and bugs as it launched a community-driven anti-scam initiative. It intends to give its community members a say in the governance of the protocol. Polkadot plans to reward them in bounties paid in USD Coin for keeping the network scam-free.

The protocol’s bounty is currently being managed by the general curators, which consists of three community members and two people from the W3F Anti-Scam department. Polkadot hopes in the long run that the bounty will be eventually managed exclusively by the community.

Community members, as part of the community-led anti-scam initiative, are tasked with finding and taking down scam sites, fake social media profiles, and phishing apps, and protecting its Discord servers from raids. Moreover, the community will create educational materials for users and an Anti-Scam dashboard to act as the central hub for all anti-scam activities in its ecosystem. Polkadot’s initiative encourages participating members to come up with ideas for expanding anti-scam activities to other areas. The Web3 Foundation and Parity have shifted their decision-making process to the community by decentralizing their anti-scam efforts.

Polkadot is taking necessary strides to grow and strengthen its ecosystem. Besides attesting to the initiative’s success, the growth shows that more than 50% of the entities in the scam sites list are not related to Polkadot. The community members add them because the protocol wants everyone to benefit from their efforts. Polkadot invites projects across the industry that provides safe browsing features to users to integrate their blocklist into their services.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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