It's been a significant week for Ethereum.
- The first iteration of Metropolis upgrade is finally being tested on Ethereum’s testing network: the Ethereum Ropsten testnet has reached block number 1,700,000. Hence, Geth 1.7 has automatically implemented nine Ethereum Improvement Proposals (EIPs) as well as the Byzantium hard fork.
- On top of that, the zkSNARK part of a Zcash transaction was verified on the Byzantium testnet.
Now, the Ethereum Foundation has increased bounties for certain Byzantium-related bugs in an effort to boost cross-client consensus and reduce susceptibility to denial-of-service attacks before the Byzantium mainnet hard fork takes place, as reported by ethnews.com.
In order to get some extra eyes on the Byzantium implementations, we’ve temporarily increased the rewards: Between now and the Byzantium mainnet hardfork, we will double the ratio of points-to-USD for any vulnerabilities affecting cross-client consensus or Geth denial-of-service. A ‘High’ can thus yield up to $30K USD, and ‘Critical’ up to $50K USD. All Byzantium functionality is considered in-scope, as if it was already enabled on the mainnet.
Ethereum Foundation team
This change to the payout scale incentivizes users to improve different clients’ abilities to agree on certain information and to enhance the Geth client’s ability to prevent denial-of-service attacks, which intentionally overload the system with a flurry of requests.
Ethereum charts on coinmarketcap.com
Meanwhile, at the time of writing, the cryptocurrency's price is about $286, its market capitalization is $27,186,354,851.