Ethereum Foundation Initiates $2 Million Audit Contest for Fusaka Update
- The Ethereum Foundation has launched a $2 million auditor contest to identify vulnerabilities in the upcoming Fusaka hard fork.
- The competition runs for four weeks starting September 15, with early submissions receiving bonus multipliers.
- Gnosis and Lido are co-sponsoring the contest, contributing $100,000 and $25,000 respectively.
- Fusaka aims to enhance scalability, optimize smart contract execution, and improve security on the Ethereum network.
- The upgrade is expected to be deployed in November.
This initiative reflects Ethereum’s commitment to security by engaging external auditors to uncover potential weaknesses before the Fusaka update goes live. The incentivized structure encourages prompt participation from auditors, further enhancing the review process.
As Ethereum prepares for its significant Fusaka upgrade with a $2 million audit contest, this proactive measure underscores its dedication to maintaining robust security standards across its ecosystem.(Source)
