With the highly anticipated Shapella update fast approaching, the Ethereum Foundation has increased the bug bounty.
According to the latest developer call, the reward was updated as part of last-minute testing efforts.
As part of the 105th All Core Developers Consensus (ACDC) call, security researcher at the Ethereum Foundation – Fredrik Svantes – revealed that the maximum bug bounty for identifying a vulnerability in the Shanghai/Capella upgrade has been doubled from $250,000 to $500,000 by the time of the fork.
This isn’t the first time the organization has stepped up its bug bounty program. The Ethereum Foundation has announced that it has quadrupled payouts before the blockchain transition to proof-of-stake for all “vulnerability merger-related bounties” for white hats testing the network.
The Bug Bounty program provides financial compensation to individuals or groups who find security flaws or vulnerabilities in an organization’s systems. In the case of Ethereum, the rewards depend on the severity which is calculated according to the OWASP risk scoring model based on the impact on the network as well as the probability.
Its bug bounty program includes protocol strength (the blockchain consensus model, wired and peer-to-peer protocols, proof of stake, etc.) and protocol/implementation compliance with the network security and consensus integrity. It further includes classic client security and security of cryptographic primitives.
On the other hand, targets such as infrastructure (including web pages, DNS, email, etc.), as well as ERC20 contractual bugs, are not part of the bounty scope.
Ethereum Shapella Upgrade
The final dress rehearsal for the Shapella upgrade was run on March 14 on the Goerli testnet, paving the way for the activation of staked ETH withdrawals on the mainnet.
Goerli’s testnet initially experienced low network participation after it was upgraded. During this period, less than two-thirds of validators had updated their software clients on time, while a majority of testnet validators updated their nodes after the update. Shapella finalized the next day, allowing Goerli users to fully or partially withdraw staked ETH from the Beacon chain from the testnet.
Preparation for the upgrade – also known as Shanghai-Capella – is in full swing and is expected to go live on April 12 at block number 6,209,536. Ethereum-4895, it will also encompass other improvements aimed at optimizing gas costs for certain activities.
Additionally, the developers encouraged all node operators in the Ethereum network to upgrade their nodes before the upgrade.
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