Ethereum quadrupling bug bounty rewards ahead of The Merge
The Ethereum Foundation has announced that it will quadruple the bounty for whoever discovers the network's bugs before the transition to Proof-of-Stake (PoS).
In a blog post on April 24, the Ethereum Foundation said that from August 24 to September 8, all bounties related to The Merge for finding network vulnerabilities will be quadrupled for white hat hackers
Estimated in USD value, high impact or potentially high impact bugs. to the blockchain will be worth up to $1 million.The bounty program also allows for the submission of low, medium and high risk bugs
As part of the transition to PoS, Ethereum says the network must first be activated on the Beacon Chain with the Bellatrix upgrade, an event slated to happen on September 6. The core developers have previously announced an expected The Merge implementation date. September 15-16. But to better understand all information about The Merge, please refer to the article below:
What's interesting is that this is not a hanging move.Ethereum's first bounty for The Merge. In fact, in July 2020, the Ethereum Foundation launched a similar public campaign for white hat hackers to try to exploit potential problems in the client, offering a $5,000 bounty at the time. that point.
However, in August 2021, a vulnerability affecting earlier versions of one of the software clients on Ethereum, Geth, caused more than half of the network's nodes to fork  ; from the main network.
However, sponsoring a program with valuable awards to detect software errors is a trend that many projects have implemented recently in order to strengthen the safety of the network during operation. action, avoid encountering hacking incidents causing great loss to the project. In the same election as Sky Mavis did in April 2022, offering a bug bounty of 1 million USD after the hack of 600 million USD on the Ronin bridge.
And in June 2022, the Aurora cross-chain bridge on Near Protocol paid a bounty of $6 million to a white hat hacker who discovered a critical bug.
Crypto Fox News summary
Aug 24, 2022