🔥 Ethereum is throwing its first-ever "Attackathon" with a whopping $2M reward pool! 🎉 A four-week, crowdsourced security audit of Ethereum's codebase, this event is like a treasure hunt for bugs. 🐞

The Ethereum Protocol Security (EPS) team is calling on all security researchers to dig into the protocol's code. But remember, only impactful and rule-compliant reports get the cash! 💰

Post-event, Immunefi will compile all the juicy findings into a report. The EPS team has already thrown $500K into the prize pool and is on the hunt for more sponsors to raise another $1.5M by August 1st. 🗓️

The EPS team plans to host similar hackathons at every hard fork to cover changes to the codebase. The next major update, the "Pectra" hard fork, is anticipated to go live later in 2024 or early 2025.

Among the significant updates for users is the introduction of a "social recovery" feature. This could eliminate the need to remember the up to 24-word private wallet key and provide wallets with smart contract-like capabilities.

What do you think about this "Attackathon"? Will you be participating or sponsoring? Let's chat in the comments! 👇 #DeFi #Web3 #Technology