The transition of the Ethereum (ETH) blockchain from the Proof-of-Work the Proof-of-Stake will be effective soon. Indeed, according to the latest news, The Merge could take place between September 10 and 20. And to reduce the risk of hacking the network during the merger, the Ethereum Foundation has taken measures.
The $250,000 bonus increases to $1 million!
Under tweet from Bloomberg Crypto on August 24,” the non-profit foundation behind the Ethereum blockchain is quadrupling the rewards it will pay to friendly hackers who discover bugs in the code of its software upgrade ». The foundation effectively raised bug’s bonuses to $1 million from $250,000.
From August 24th to September 8th, all the “ premiums for fusion-related vulnerabilities ” will be quadrupled for those who test the network. The Ethereum Foundation made this decision to ensure that the number of problems during the Merger remains reduced. She explained that identifying “critical bugs” is going to be worth up to $1 million. It should be clarified that this type of bugs has a high probability of impact on the blockchain.
Note that the bounty program also takes into account low-, medium- and high-risk bugs. In addition, the foundation urges holders and users of ether (ETH) to be more vigilant before the Merger. Indeed, these should “ stay on the lookout for scams ”during this period.
While the date of the Merger is getting closer and closer, the Ethereum Foundation redouble your vigilance. She is taking steps to make sure that everything will go smoothly. In particular, she decided to increase bug’s premiums to $1 million. At the same time, it invites ether (ETH) users to be more careful to avoid scams.
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Far from having cooled my ardor, an unsuccessful investment in 2017 on a cryptocurrency only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay information related to this ecosystem with my pen.