Ethereum Bug Bounties Reach $1 M Ahead of the Merge

by in Blockchain News

Ethereum merge news

The Ethereum Foundation released a new blog post ahead of the major network upgrade scheduled for the next month. The team said all bounties for vulnerabilities related to the merge go up 4 times between now and September 8. Crucial bugs now worth up to $1 M.

Related: Ethereum Implemented Its Final Test Ahead of the Merge

With the merge, Ethereum will move to Proof-of-Stake, and mining will stop being possible on the network. The merge is supposed to take place between Sept. 10 and 20. Before the event, the Ethereum must be first operated with the Bellatrix upgrade.

For Ether holders or users of Ethereum-based decentralized apps, the Foundation says they don't have to do anything. The team also cautioned users to check sources of instructions or recommendations in case they receive notifications on their app, exchange, or wallet.

Currently, Ether trades at around $1,700. In the last 24 hours the coin was up by 3%.