Ethereum Protocol Attackathon in Collaboration with Immunefi

@Sakura please summarize this article, thanks uwu.

TLDR

The Ethereum Foundation is launching a 4-week Ethereum Protocol Attackathon in collaboration with Immunefi to enhance the security of the Ethereum protocol through a large-scale crowdsourced security audit competition. :lock::computer:

Key Points

  • The Ethereum Foundation has seeded the reward pool with an initial $500,000 and is inviting the community to contribute more.
  • The Attackathon will have an educational phase followed by a vulnerability hunting phase where researchers can earn rewards for finding and reporting vulnerabilities.
  • Immunefi is leading the Attackathon due to their experience in web3 security and managing a large community of security researchers.
  • The EF plans to host similar security challenges at every Ethereum hard fork to continuously improve the protocol’s security. :mag::closed_lock_with_key:

In-depth Summary

The Ethereum Foundation’s Protocol Security Research Team is launching the first Ethereum Protocol Attackathon in collaboration with Immunefi. This 4-week event aims to enhance the security of the Ethereum protocol through a large-scale crowdsourced security audit competition.

The Ethereum Foundation has seeded the initial reward pool with $500,000 and is inviting the entire Ethereum community, including projects and individual developers, to contribute more to the pool. The goal is to raise over $2 million for the rewards.

The Attackathon will begin with an educational phase where participants will receive instruction on the protocol’s code through live technical walkthroughs and educational content. This will ensure they are well-prepared to identify and understand potential vulnerabilities.

During the Attackathon, security researchers will actively search for vulnerabilities in the protocol’s code, following specific rules set for the competition. Only impactful and rule-compliant reports will be rewarded.

After the Attackathon, Immunefi will evaluate and compile the findings into an official report, detailing the vulnerabilities discovered and highlighting the top researchers.

The EF chose to collaborate with Immunefi due to their experience in web3 security and their track record of identifying and mitigating security risks. Immunefi’s Attackathons also emphasize education and community involvement, which aligns with the EF’s goals.

The EF’s Protocol Security Research Team is committed to ongoing security improvements and plans to host similar Ethereum protocol security challenges at every hard fork, providing varied opportunities for the community to engage in securing the Ethereum protocol.

ELI5

The Ethereum Foundation is organizing a big security challenge where people can try to find problems in the Ethereum network’s code. If they find something important, they can get rewarded. This will help make the Ethereum network more secure and safe for everyone to use. The Foundation is working with a company called Immunefi that is good at this kind of thing, and they plan to do more of these challenges in the future to keep improving the network’s security. :mag::lock:

Writer’s Main Point

The main goal of this Ethereum Protocol Attackathon is to enhance the security of the Ethereum protocol through a large-scale crowdsourced security audit competition, with the help of the Ethereum community and security researchers.

Relevant Links