According to U.Today, Cardano founder Charles Hoskinson has issued a $1 million challenge to the ADA community. At the recent Rare Evo 2024 event, Hoskinson revealed a bounty of 1 million USDM for anyone who can hack the Lace Paper Wallet. He shared a clip on X announcing the challenge, stating, 'If you can hack it, you can keep it.' This initiative invites members of the ADA community to attempt to hack the Lace Paper Wallet, thereby contributing to the platform's security.

In a significant milestone, the Cardano Web3 wallet Lace has introduced a new security feature: the Paper Wallet. This feature allows users with existing PGP keys to restore their wallet using a single encrypted QR code, enhancing the wallet's security. To mark this milestone, Lace has launched the Lace Paper Wallet Bug Bounty Program, challenging the ADA community to hack and gain control of the Lace Paper Wallet and the commemorative NFT within it. This program will remain open until the end of 2024 or until someone successfully hacks it.

Additionally, Cardano's scaling solution Hydra made a significant impact at the Rare Evo 2024 event. The event showcased Hydra's capabilities by transmitting every frame of the classic game Doom as a transaction on the Cardano blockchain. This demonstration highlights the potential of blockchain technology in real-time applications, suggesting a future where secure, high-throughput transactions could become integral to industries like finance and supply chain.