Eth2 Bounty Program Up To $50,000 after Payouts Announced

by in Cryptocurrency News

Eth bounty program

The Ethereum Foundation has informed a bug bounty program for Eth2. Payouts is up to $50,000 and it's available for hackers to point out critical vulnerabilities that could affect the protocol and its three clients: Lighthouse, Prysm, and Teku.

The Ethereum Bounty Program provides rewards for bugs. The project suggests its community and all hackers help to find out bugs in the protocols and clients. Those who discover errors will join the leaderboard.

However, no weaknesses had been presented yet. It's worth mentioning that Eth2 works as intended without technical errors either during launch or several weeks into Phase 0. The statement was made two weeks before Ethereum begins its move from a Proof-of-Work to a Proof-of-Stake consensus algorithm.

This way people finding bugs will replace miners as the Proof-of-Work mechanism is disabled at a trial time in 2021 during Phase 1.5.

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At the same time, the Ethereum community is waiting for a possible activation on Dec 1, 2020. However, this is subject to certain conditions being met. One of them is that there should be at least 524,288 ETH in the official Eth2 staking contract translating to 16,384 validators.