Ethereum Foundation has set the Maximum Bug Bounty to $500,000

The Ethereum Foundation has doubled the maximum bug bounty to $500,000 in order to prevent issues related to the Shapella update.

The Ethereum Foundation has doubled the maximum bug bounty to $500,000 in order to prevent issues related to the Shapella update. Shapella will be released on the mainnet on April 12th at block number 6,209,536 and will enable validators to stake on the mainnet. It also includes three improvements aimed at optimizing gas costs for certain activities. The bug bounty program offered by the Ethereum Foundation for security purposes covers security vulnerabilities in various aspects of the network. These vulnerabilities include the blockchain consensus model, proof-of-stake, network security, and consensus integrity.

The maximum bug bounty for the Shapella update has been doubled in order to prevent security issues. Fredrik Svantes, a security researcher at the Ethereum Foundation, stated that the reward was increased as part of last-minute testing efforts. The bug bounty program is a program offered to encourage the identification and reporting of security vulnerabilities in software or systems, in order to prevent potential security breaches.

The Ethereum Foundation will launch a “shadow fork” to test the latest client software versions. This software fork is a test conducted on the mainnet instead of a testnet, allowing developers to verify whether proposed upgrades work correctly on the actual blockchain. Shapella was deployed on the Goerli testnet as the final dress rehearsal before the mainnet launch. Additionally, developers conducted comprehensive public testing on three testnets or test networks, named Sepolia, Zhejiang, and Goerli, to ensure the stability and security of the Shapella update.

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