The Ethereum Basis (EF) is unveiling a month-long initiative aimed toward bettering the safety of the second-largest blockchain by market capitalization.
In accordance with the Ethereum Protocol Safety (EPS) Analysis Crew, the blockchain-focused bug bounty platform Immunefi will host an Ethereum (ETH) protocol “Attackathon” over a four-week interval.
An Attackathon is a problem aimed toward auditing the safety robustness of a platform by figuring out and understanding potential vulnerabilities within the protocol’s code.
Explains the EPS Analysis Crew,
“This four-week occasion goals to boost the safety of the Ethereum protocol by a large-scale crowdsourced safety audit competitors. Our aim is to lift over $2 million for the reward pool, [and] the EF has seeded the pool with an preliminary $500,000.”
Per Ethereum Basis, the sponsorship program providing entities and people the chance to contribute to the Attackathon’s reward pool will shut on August 1st.
“After the Attackathon, Immunefi will consider and compile the findings into an official report. This report will element the vulnerabilities found and spotlight the highest researchers, celebrating their contributions and experience.”
Immunefi says that the sponsors will get “NFTs (non-fungible tokens) recognizing their contribution, and their title can be immortalized on our Sponsorship Leaderboard.”
On the potential advantages for the members, Immunefi says,
“The Attackathon will showcase Immunefi’s elite safety researcher group, competing to safe the protocol in a time-boxed audit competitors with the potential to earn huge rewards, popularity, and glory. High-performing whitehats may have their abilities acknowledged in entrance of the whole Ethereum group.
It’ll additionally come full of a complete training program to upskill and broaden the safety researcher group across the Ethereum protocol.”
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