Key Factors:
- Immunefi and Ethereum Basis accomplice for “Attackathon,” a pioneering audit contest to reinforce Ethereum’s safety by a time-bound code assessment.
- The Ethereum Attackathon audit contest goals to conduct the largest-ever crowdsourced safety audit for the community.
- With a $500,000 preliminary contribution from the Ethereum Basis, the competition invitations ecosystem contributions to a reward pool.
Web3 bug bounty platform Immunefi has partnered with the Ethereum Basis to launch “Attackathon,” a large-scale collaborative audit contest geared toward securing the Ethereum community.
Ethereum Attackathon Audit Contest Launched
The Ethereum Attackathon audit contest will leverage Immunefi’s elite safety researcher neighborhood, who will compete in a time-boxed audit for rewards, recognition, and status.
The occasion marks the primary collaborative effort of its form, aspiring to be the largest-ever crowdsourced safety audit for Ethereum’s whole protocol code. The Ethereum Attackathon audit contest contains a time-bound code assessment program the place prime safety researchers will determine vulnerabilities within the core protocol. Moreover, the occasion features a complete training program to upskill the safety researcher neighborhood with Ethereum-related information.
Ethereum, an open-source blockchain platform, permits builders to construct and deploy good contracts and decentralized purposes (dApps). Since its launch in 2015, Ethereum has offered a safe and clear atmosphere for numerous purposes past cryptocurrency, fostering innovation in finance, gaming, and provide chain administration.
$500,000 Reward Pool to Appeal to Prime Safety Researchers and Sponsors
The Ethereum Basis has contributed $500,000 to seed the Attackathon’s reward pool, encouraging builders and ecosystem tasks to take part. The reward pool will compensate researchers and builders for figuring out safety points and bugs. Sponsors who contribute to the pool will obtain NFTs and recognition on the Sponsorship Leaderboard.
Funds will likely be deposited into the Attackathon vault on Immunefi, which transparently shows the allocation of program funds and streamlines funds between tasks and safety researchers. The sponsorship program will shut, and the ultimate reward pool will likely be locked by August 1, 2024.