Ethereum Devs Announce $1 Million Bug Bounty And Confirm September Timeframe For The Merge

Summary:

• Developers moving connected Ethereum’s modulation to Proof-of-Stake released an update up of the anticipated event.
• The Merge bug state programme was bumped up arsenic overmuch arsenic $1 cardinal for captious bugs and vulnerabilities.
• September 6 marks the archetypal large Merge upgrade dubbed Bellatrix.
• Developers besides program to unopen down the Kiln testnet the aforesaid time arsenic the Bellatrix update.
• The existent modulation triggered by Ethereum’s Terminal Total Difficulty should hap betwixt September 10 and September 20. 

Ethereum developers released an update connected Wednesday regarding important dates for the Merge, an improved bug bounty incentive, and testnet sunsets arsenic we gully person to ETH’s power to Proof-of-Stake.

While the dates person somewhat changed implicit the past fewer weeks, September remains a changeless successful the timeline for the watershed event. Wednesday’s update revealed that the Merge would hap sometime betwixt September 10 and September 20. 

As antecedently reported, the Merge is simply a two-stage process with 2 abstracted upgrades dubbed Bellatrix and Paris. 

Per details from the latest announcement, the archetypal upgrade called Bellatrix is scheduled to hap connected September 6. Bellatrix volition initiate erstwhile the Beacon Chain hits an epoch heigh of 144896 astir 11:34 AM UTC connected Tuesday. 

On the aforesaid day, developers program to adjacent the curtains connected the Kiln testnet. Notably, Kiln signaled a important measurement for the Merge aft the testnet successfully simulated the PoS upgrade backmost successful March.

Ethereum Merge Timeline

Ethereum’s TTD And Bug Bounty 

After the Bellatrix upgrade kicks in, the adjacent large measurement is the existent Merge powered by the Paris update. The last power would beryllium triggered by Ethereum’s Terminal Total Difficulty (TTD) worth of 58750000000000000000000 connected the network’s execution layer. 

Once this codification is triggered successfully, Ethereum would person afloat transitioned from its erstwhile Proof-of-Work statement to Proof-of-Stake. While a definite day for the Merge remains elusive, developers said the concatenation should deed TTD betwixt September 10-20. 

Furthermore, the latest announcement revealed a Merge Bug Bounty Bonus. The bonus is valid until September 8 and boasts up to 1 cardinal successful USD for captious bugs and vulnerabilities.

ETH Daily Chart (Source: TradingView)