The Ethereum Merge event is set to happen in September and the Ethereum Foundation wants to make sure it goes off without a hitch, rewarding those who help make sure there are no bugs.
Here’s how you can win a cool one million dollars.
What Happened: Ahead of The Merge, the Ethereum Foundation boosted the amount it rewards to people who find bugs in the code for the Ethereum (CRYPTO: ETH) blockchain.
People who find “critical bugs” are paid bounties of up to $250,000. That amount has been increased to $1 million, according to Decrypt.
The Ethereum Foundation is also paying out up to $200,000 for “high-risk” bugs, $40,000 for “medium-risk” bugs and $8,000 for “low-risk” bugs.
The bounties are available up until Sept. 8, 2022, and will be for any network vulnerabilities discovered related to the Ethereum Merge.
Related Link: Mark Cuban Super Bullish On Ethereum In Anticipation Of This Key Event
Why It’s Important: The Ethereum Merge will take the second largest cryptocurrency from proof-of-work to proof-of-stake and has been anticipated for years.
The Ethereum Foundation estimates the shift will see less than 1% of the current energy consumed on the Ethereum network.
The foundation has put a window of Sept. 10 to Sept. 20 for The Merge to happen, a change from a previous estimate of Sept. 15 or Sept. 16.
ETH Price Action: Ethereum is trading at 1,701.34 on Thursday. Ethereum has traded between $896.11 and $4,891.70 over the last 52 weeks.
See Also: Ethereum Clarifies 8 Misconceptions About The Merge
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