Ethereum Foundation raises bug bounty to $500,000 as Shapella upgrade imminent

The Ethereum Foundation increased the bug bounty to $500,000 for identifying vulnerabilities related to Shapella upgrades.

Shapella Upgrades, also known as Shanghai-Capella hasschedulePublished on mainnet on April 12 at 10:27 UTC at block number 6,209,536, its main feature is the Ethereum Improvement Proposal- 4895 This will allow the validator to withdraw staked funds on the main network for the first time. There are also three other improvements aimed at optimizing gas costs for specific activities.

in the meetingOn Thursday, Ethereum Foundation security researcher Fredrik Svantes highlighted the increased rewards. as part of a last-minute testing effort.

Bug Bounty is a program that encourages individuals or groups to report security vulnerabilities in their software or systems. Rewards may vary depending on the severity and potential impact of the errors identified.

Parithosh Jayanthi, a devops engineer at the Ethereum Foundation, said that when the final version of the client software is released, Developers will release the final mainnet “shadow fork” for testing.

Jayanthi said, “When [client] All releases are done, we will have a mainnet shadow fork and I guess that will be the last attempt before we hit mainnet,” said Jayanthi.

During the meeting on Thursday Developers are also urging all node operators on the Ethereum network to upgrade their nodes before launch. to ensure a smooth transition which overall The Ethereum core team is taking a comprehensive approach to testing and verifying the security of upcoming Shapella upgrades ahead of release.

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