Polkadot, the protocol that connects blockchains, has announced its latest initiative to help its ecosystem fight fraud.
Relying on the security-conscious people in their community to fight fraud has proven to be an effective method of protecting its ecosystem, the company says. To encourage members of their community to keep working, Polkadot constantly rewards them with rewards paid in USD.
Polkadot shared that his bounty is currently managed by the general curators, which currently consists of three members of the community and two people from the W3F Anti-Scam department. However, in the long term, Polkadot hopes that the reward will ultimately be driven solely by the community.
As part of a community anti-fraud initiative, community members are tasked with finding and removing fraudulent sites, fake social media profiles, and phishing apps, and protecting their Discord servers from raids. In addition, the community will create educational materials for users, as well as an Anti-Scam dashboard that will act as a central hub for all anti-scam activities in their ecosystem.
Overall, the initiative encourages participating members to come up with ideas to expand anti-fraud activities in other areas. By decentralizing their anti-fraud efforts, the Web3 Foundation and Parity have outsourced decision-making to the community.
Related: Polkadot co-founder Gavin Wood steps down as CEO of Parity
It looks like Polkadot is doing its best to grow and strengthen their ecosystem. On October 17, reported that Polkadot development activity had reached an all-time high. The developers of the project said that 66 blockchains are currently running in Polkadot and its Kusama parachain startup network.
Since its inception, over 140,000 messages have been exchanged between networks across 135 messaging channels. Together, Polkadot and Kusama treasuries have collectively paid out 9.6 million DOT and 346,700 KSM (total $72.8 million) to fund spending proposals in the ecosystem.