The quadruple bug bounty for the Ethereum network - Up to $1 million in payouts before the merger

According to the Ethereum Foundation, identifying "critical bugs" - those that have a high impact or a high probability of impacting the blockchain - will allow worth up to 1 million dollars.

The Ethereum Foundation has announced that it will quadruple network bug bounties ahead of the blockchain's transition to proof-of-stake.

In a blog post on Wednesday, the Ethereum Foundation said that between August 24 and September 8, all “melt-related bounties for vulnerabilities” will be quadrupled for white hats testing the network. According to the foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million. The bounty program also allows submission of low, medium and high risk bugs.

• Merge Bounty Bonus on Bugs: There's a 4X MULTIPLIER by September 8 on all bounties and vulnerabilities, with critical bugs worth up to $1 million USD

• View the full article for updated Execution Layer (EL) and Consensus Layer (CL) client links, more information on the merge, and an FAQ

As part of the transition to proof-of-stake, the foundation said the Ethereum network “must first be activated on the Beacon Chain with the Bellatrix upgrade,” an event that is expected to take place on September 6, with probable merger. following between September 10 and 20. The core developers previously announced a tentative merge date of September 15 when Total Terminal Difficulty, or TTD – the difficulty of the last mined block – will trigger the end of Proof of Work and the start of Proof of Stake.

"Additional difficulty added per block depends...