Ethereum 2.0 bug bounty program gathers pace ahead of major blockchain platform update

Phase 0 bounty offers $10k to researchers who can break the chain

The Ethereum 2.0 bug bounty program is in full force, as developers prepare to roll out the biggest upgrade of the blockchain platform since its launch five years ago.

The bug bounty program covers the pre-launch of the first of three phases of the Ethereum 2.0 upgrade: ‘Phase 0: Beacon Chain’; ‘Phase 1: Shard Chains’; and ‘Phase 2: Execution Environments’.

Security researchers are being encouraged to find bugs in the core Eth2 Phase 0 specification before the mainnet launch, which is scheduled for some time later in April.

Testnet rewards

Cryptocurrency blockchains are usually developed on testnets before launching an official main network.

Ethereum 2.0 bug bounty hunters can receive rewards ranging from $500 for small defects up to $10,000 for bugs that can break the chain.

Rewards can be received in ETH, the official Ethereum cryptocurrency, or the stablecoin DAI. (Stablecoins are pegged against a fiat currency and are not subject to the price volatilities of mainstream cryptocurrencies.)

Ethereum Foundation researchers are not eligible to participate in the bug bounty, but developers of the Eth2 client can participate under higher scrutiny conditions.

One thing to note is that the testing is being done against the Eth2 specifications, as opposed to evaluating the actual implementation of the code.

Blockchain audit

The Ethereum Foundation has already doled out $13,000 in rewards to three vulnerability disclosures, including a critical overflow bug.

After the Phase 0 mainnet launches, the Ethereum 2.0 bounty program will be transferred to the standard Ethereum Bounty Program.

“We have a solid and well-tested spec, and we have a number of incredible teams building it out,” Ethereum 2.0 project lead Danny Ryan told The Daily Swig.

“As with any new production system, we prepare for unknowns, but at the same time we do expect things to go well with the…

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