A big opportunity on Ethereum

A big opportunity on Ethereum

The transfer of the Ethereum blockchain (ETH) from Proof of Work to Proof of Stake it will be effective soon. In fact, according to the latest news, The Merge could happen between September 10 and 20. And to reduce the risk of network agility during the crisis, the Ethereum Foundation took action.

The $250,000 bounty increases to $1 million!

According to tweet from Bloomberg Crypto on August 24, “the non-profit foundation behind the Ethereum blockchain is quadrupling the reward it will pay to sympathetic hackers who find bugs in the software’s upgrade code“. The foundation effectively increased the bug bounties to $1 million from $250,000.

From August 24 to September 8, every “bounties for merge vulnerabilitiesfour times for those who test the network. The Ethereum Foundation made this decision to ensure that the number of issues during the Merger remains low. She explained that identifying “critical bugs” is worth up to $1 million. It should be noted that this type of bug has a high probability of affecting the blockchain.

Note that low, medium and high risk bugs are also included in the bounty program. In addition, the foundation advises holders and users of ether (ETH) to be more cautious before the Merger. Indeed, these shouldstay watch out for scams” during this period.

As the Merger date draws ever closer, the Ethereum Foundation is doubling down on its vigilance. She takes steps to make sure everything goes well. In particular, she decided to increase the bug bounties to $1 million. At the same time, he invites users of ether (ETH) to be more careful to avoid scams.

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Download avatar Luc Jose Adjinacou
Luc Jose Adjinacou

Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass my pen knowledge related to this ecosystem.

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