Just a few days back the group announced the launch of Altair Upgrade, additionally described as the first mainnet upgrade to the Beacon Chain. The upgrade is scheduled to take place at epoch 74240 or close to 27th October. Ethereum has remained focused on the event of its network, irrespective of what was happening in the spot market.
To inform the community and make them well-versed with the upcoming modifications to Ethereum with the Altair upgrade, the team has given way to an interesting game, not competition.
The bug bounty program that enabled anyone to earn rewards for finding vulnerabilities has been switched to “ETH2 bug bounties.” Additionally, the community members discovering the bugs will receive doubled bounties till the upgrade.
The team noted in a blog,
“The shoppers will run the beacon chain as soon as the upgrade has been deployed. Shoppers might want to observe the logic set out within the specification and be safe in opposition to potential assaults. The bugs we wish to discover are associated to the implementation of the protocol.”
It added that in the intervening time, Lighthouse, Nimbus, Teku, and Prysm bugs have been eligible for this bounty. Nevertheless, there have been ranges of bugs and rewards for customers to contemplate. The low-impact bugs will earn a user nearly $2,000 whereas important bug hunters will receive close to $50,000. Nevertheless, the group wished everybody to realize it was a game and not a competition.
“The bug bounty program is an experimental and discretionary rewards program for our active Ethereum community to encourage and reward those who are helping to improve the platform. It’s not a competition. You need to know that we will cancel the program at any time, and awards are at the sole discretion of Ethereum Foundation bug bounty panel. “
As Altair inched nearer by the day, the team wanted to find and fix any present bugs for a smooth rollout. The upgrade will deliver help to the core consensus, clean up beacon state incentive accounting, whereas also fixing points with validators incentives.
EIP-2982 launched “punitive parameters” to make sure the economical security of the PoS protocol. The Altair upgrade will step up these parameters and the proposed penalties include “Inactivity leak” and “slashing.”
Because the Ethereum network prepared for the upgrade, Ether witnessed nearly 13% progress over the past week. The digital asset was altering hands at $3,421, at the time of press.