Ethereum is launching its first-ever “Attackathon,” a hackathon with a $2 million reward pool, aimed at identifying and mitigating vulnerabilities in the blockchain’s protocol.
Points
- Ethereum’s “Attackathon” offers a $2 million reward pool.
- The event includes an educational phase and a four-week competition.
- Collaboration with Immunefi to enhance security.
- Sponsors receive NFTs and are featured on a Sponsorship Leaderboard.
Ethereum is gearing up to launch its first-ever hackathon, dubbed “Attackathon,” with a $2 million reward pool. The Attackathon will begin with an educational phase, providing participants with live technical walkthroughs and resources to prepare them to identify potential vulnerabilities in the blockchain’s protocol. This preparatory stage ensures that all participants are well-equipped to understand and detect possible security issues.
Following the educational phase, the event will transition into a four-week competition where security researchers, including top experts from Immunefi, will actively search for vulnerabilities in Ethereum’s protocol code.
The Ethereum Protocol Security （EPS） team noted that they would be collaborating with Immunefi, a blockchain security platform, because of its “track record of identifying and mitigating security risks.”
The reward pool, initially seeded with $500,000, is open to community sponsorships until August 1, 2024. Sponsors will receive NFTs acknowledging their contributions and will be featured on a Sponsorship Leaderboard. The team added that more details about the sponsorship program will be announced after this date.
One audit competition to rule them all
Immunefi, in collaboration with the @Ethereum Foundation, presents the first-ever Attackathon to enhance Ethereum’s protocol security. 
https://twitter.com/immunefi/status/1810301801985421757
Upon the conclusion of the Attackathon, Immunefi will compile a comprehensive report detailing all discovered vulnerabilities. This initiative not only offers significant rewards but also provides an opportunity for participants to gain recognition within the Ethereum community and contribute to the blockchain’s security.
This event aligns with the growing trend of blockchain-focused hackathons in the tech world. For context, the decentralized education protocol Open Campus recently announced a $1 million hackathon to promote dApp development on the EDU Chain.
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解説
- Ethereum’s Attackathon: A pioneering event offering a $2 million reward pool to enhance the blockchain’s security through community-driven efforts.
- Educational Phase: The event starts with a comprehensive educational phase to equip participants with the necessary knowledge to identify vulnerabilities.
- Collaboration with Immunefi: Leveraging Immunefi’s expertise in blockchain security to ensure thorough and effective vulnerability detection.
- Community Sponsorship: Sponsors play a crucial role, receiving NFTs and recognition, fostering a collaborative effort to secure the Ethereum network.
- Trend in Blockchain Hackathons: Reflecting a broader trend, similar to the $1 million hackathon by Open Campus, promoting innovation and security in the blockchain space.