According to Odaily, Muneeb Ali, the co-founder of Stacks, has announced the launch of a $1 million initiative named 'Orange Hats'. The new initiative aims to enhance the security of Stacks and promote white-hat hacker activities. It will also provide new tools and services for the testing and deployment of application layer contracts.
The Orange Hats initiative is not limited to Stacks L2, but also benefits Bitcoin L1. This move signifies a significant step towards ensuring the security and integrity of the Stacks platform and the broader Bitcoin ecosystem.
The Orange Hats initiative is expected to bring about a new era of security and stability for Stacks and Bitcoin, by encouraging ethical hacking and providing necessary tools and services for contract testing and deployment. This initiative is a testament to Stacks' commitment to security and the continuous improvement of its platform.