Ethereum (ETH) will give you $ 10,000 … on one condition – TheCoinTribune

Things are accelerating on the side of the technical team in charge of the project to lead to the launch of Ethereum 2.0. We will remember, for example, the recent announcement of the commissioning of the final multi-client testnet which is scheduled for August 04. This time around, the developers behind this testnet have decided to show the community how reliable what they have come up with. They chose for this to offer the sum of 10,000 dollars to any hacker who would be able to compromise the testnet set up.

A challenge for penetration testing specialists

It’s hard to be missed, as we’ve only been talking about this in recent months: With its next update, Ethereum’s main network will experience an important change which is the shift from the Proof of work consensus to that of the Proof of stake.

The advent of Ethereum 2.0 is the culmination of a series of steps, including the mandatory passing of testnets. The latter must, among other things prove to the community that the update will go off without a hitch. So, Danny Ryan who is the coordinator of the project and one of its main developers launched a somewhat special challenge from his account Twitter. It will be for White hat hackers, penetration testing specialists, to hack Ethereum’s latest testnet. He took the opportunity to share a link leading to a page Github containing the details and parameters of the challenge. At the end of the day, a tidy reward of 10,000 dollars.

Indeed, the testnet, which is already operational, will soon have to move on to the integration of thousands of node validators. Unlike what is done on other networks, a limit of 16,000 validators was set for the early days of Ethereum 2.0. This figure gradually evolved into the hundreds of thousands to maintain the decentralization of the network. Vitalik Buterin – co-founder of Ethereum and who believes that her baby will become indispensable in the context of the current crisis – had already meant in the past that the network would be able to process thousands of transactions per second. So there is a desire to break down the extensibility barrier and improve transaction processing.

What should the White hat hackers actually do?

The latter will have to target two “miniature” versions belonging to Ethereum 2.0 partners, namely Lighthouse and Prysm. Unlike main network customers which include thousands of nodes, the present versions have only four. For the hackers, it will be a question of preventing the confirmation of transactions by the blocks as well as of attempting double spending. In other words, they are asked to perform a 51% attack, a threat that a quality blockchain should be able to easily dismiss.

This challenge, which is nothing new, is usually used in the sector and allows network developers to appreciate the quality of their work, but also to reassure customers. We hope for them that will come out of the presence of any flaw that could delay the long-awaited launch of Ethereum 2.0.

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