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Sujit Kumar
Jul 9, 2024

Ethereum Launches $2M Attackathon to Enhance Security

Ethereum Launches $2M Attackathon
Ethereum is set to launch its first-ever hackathon, named "Attackathon," with a reward pool of $2 million. This event aims to be the largest crowdsourced security audit of Ethereum's codebase, bringing together security researchers to identify vulnerabilities in the protocol’s code.

Event Details

The Attackathon, organized by the Ethereum Protocol Security (EPS) research team, will run for four weeks. Participants will actively search for vulnerabilities, adhering to specific competition rules. Only impactful and rule-compliant reports will be rewarded. The event kicks off with a technical walkthrough of the blockchain's code to ensure participants are well-prepared to spot and understand potential issues.

Collaboration and Sponsorship

The event is hosted by bug bounty platform Immunefi, which has contributed $500,000 to the prize pool. They are calling for sponsors to raise an additional $1.5 million by August 1, when more details about the event will be shared. The EPS team plans to host similar hackathons at every hard fork to cover changes to the codebase.

Future Hard Forks and Updates

Ethereum's upcoming "Pectra" hard fork, expected to go live late this year or early next year, combines the "Prague" and "Electra" upgrades. Major updates for users include a "social recovery" feature, potentially eliminating the need for a 24-word private wallet key and giving wallets smart contract-like features.

Significance of Hackathons

Hackathons are common in the tech world, and the crypto industry has seen numerous similar events. These events aim to incentivize hackers to share their exploits for rewards rather than using them maliciously. Immunefi’s website lists bounties ranging from tens to hundreds of thousands of dollars, with the largest reward offered by LayerZero reaching $15 million.

The Attackathon represents a significant effort by Ethereum to enhance its protocol security through community involvement and collaboration with leading security platforms.

Ethereum Launches $2M Attackathon to Enhance Security
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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