The Ethereum Protocol Safety (EPS) research crew unveiled plans for the hackathon in a July 8 weblog publish, setting a goal of elevating over $2 million for the reward pool. The Basis has seeded the pool with an preliminary $500,000 and is looking on the group to contribute the remaining $1.5 million by August 1.

In the course of the Attackathon, safety researchers will actively seek for vulnerabilities within the protocol’s code, following particular guidelines set for the competitors. The occasion will start with an academic section, that includes dwell technical walkthroughs and content material from the Attackathon Academy to arrange contributors for figuring out potential vulnerabilities.

“They will follow specific rules set for the competition, and only impactful and rule-compliant reports will be rewarded. This phase focuses on real-time problem-solving and applying the knowledge gained during the initial phase,” the Ethereum Basis said.

Immunefi, a bug bounty platform identified for its expertise in web3 safety, will host the occasion. After the competitors concludes, Immunefi will consider the findings and compile an official report detailing the found vulnerabilities and highlighting high researchers.

The EPS crew plans to host comparable safety challenges at each laborious fork masking adjustments to the Ethereum codebase. This initiative comes as Ethereum prepares for its subsequent main improve, the “Pectra” laborious fork, anticipated to launch in late 2024 or early 2025.