In a blog post on April 24, Ethereum The Foundation said that from August 24 to September 8, all bonuses related to The Merge for finding vulnerabilities in the network will be quadrupled for white hat hackers.
Estimated in USD value, errors that have a high impact or are likely to have a large impact on blockchain will be worth up to 1 million USD. The bonus program also allows depositing low, medium and high risk bugs.
• Merge Bug Bounty Bonus: There is a 4X MULTIPLIER between now and 08 September on all bounties and vulnerabilities, with critical bugs worth up to $1mm USD— Joseph Schweitzer | (@JBSchweitzer) August 24, 2022
• See full post for updated Execution Layer (EL) and Consensus Layer (CL) client links, more on The Merge, and an FAQ
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 scheduled for September 6. The core developers previously announced the expected implementation date of The Merge of September 15-16. But to better understand all information about The Merge, please read through the article below:
Interestingly, this is not Ethereum's first bounty move for The Merge. In fact, in July 2020, the Ethereum Foundation launched a similar public campaign for white hat hackers trying 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 split from the mainnet.
A chain split has occurred on the Ethereum mainnet. The issue was resolved in the v1.10.8 release announced previously. Please update your nodes, if you haven't already!— Go Ethereum (@go_ethereum) August 27, 2021
However, sponsoring programs with valuable awards to detect software errors is a trend that many projects have implemented in recent times in order to strengthen the safety of the network during operation, avoiding tripping. right incident hack cause great damage to the project. Elected as Sky Mavis did in April 2022, offering a bug bounty of 1 million USD after the incident hack $600 million on the Ronin bridge.
And in June 2022, Aurora cross-chain bridge on Near Protocol paid a bounty of $6 million to a white hat hacker who discovered a critical bug.