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Ethereum Foundation Launches “Attackathon” to Strengthen Blockchain Security, Expects to Raise Over $2,000,000 in Reward
The Ethereum Foundation (EF) launches a month-long initiative to improve the security of the second-largest blockchain by market capitalization.
According to the Ethereum Protocol Security (EPS) research team, blockchain-focused bug bounty platform Immunefi will host an Ethereum (ETH) “Attackathon” protocol over a four-week period.
An Attackathon is a challenge aimed at testing the security robustness of a platform by identifying and understanding potential vulnerabilities in the protocol code.
The EPS research team explains,
“This four-week event aims to improve the security of the Ethereum protocol through a large-scale, crowdsourced security audit competition. Our goal is to raise over $2 million for the prize pool, [and] EF has funded the fund with an initial endowment of $500,000.”
According to the Ethereum Foundation, the sponsorship program that offers organizations and individuals the opportunity to contribute to the Attackathon prize pool will close on August 1st.
“Following the Attackathon, Immunefi will evaluate and compile the results into an official report. This report will detail the vulnerabilities discovered and highlight the best researchers, celebrating their contributions and expertise.”
Immunity He says that sponsors will receive “NFTs (non-fungible tokens) in recognition of their contribution and their name will be immortalized in our sponsor leaderboard.”
On the potential benefits to participants, Immunefi states:
“The Attackathon will showcase Immunefi’s elite community of security researchers, competing to secure the protocol in a timed audit race with the potential to earn massive rewards, reputation, and glory. The top performing whitehats will have their expertise recognized in front of the entire Ethereum community.
It will also feature a comprehensive educational program to enhance skills and expand the community of security researchers around the Ethereum protocol.”
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