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Non-Profit Foundation

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Investments

3

Partners & Customers

1

About Ethereum Foundation

Ethereum Foundation promotes and supports Ethereum platform and base layer research, development and education to bring decentralized protocols and tools to the world to empower developers to produce decentralized applications.

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Latest Ethereum Foundation News

As Ethereum prepares for Altair upgrade, ‘bug-bounty program’ to reward users

Oct 4, 2021

Source: Pixabay Ethereum has remained focused on the development of its network, irrespective of what was happening in the spot market. Just a few days back the team announced the launch of Altair upgrade, also described as the first mainnet upgrade to the Beacon Chain. The upgrade is scheduled to take place at epoch 74240 or close to 27th October. To inform the community and make them well-versed with the upcoming changes to Ethereum with the Altair upgrade, the team has given way to an interesting game, not competition. The bug bounty program that enabled anyone to earn rewards for finding vulnerabilities has been switched to “ETH2 bug bounties.” Additionally, the community members finding the bugs will receive doubled bounties until the upgrade. The team noted in a blog , “The clients will run the beacon chain once the upgrade has been deployed. Clients will need to follow the logic set out in the specification and be secure against potential attacks. The bugs we want to find are related to the implementation of the protocol.” It added that at the moment, Lighthouse, Nimbus, Teku, and Prysm bugs were eligible for this bounty. However, there were levels of bugs and rewards for users to consider. The low-impact bugs will earn a user nearly $2,000 while critical bug hunters will receive close to $50,000. However, the team wanted everyone to know it was a game and not a competition. They added, “The bug bounty program is an experimental and discretionary rewards program for our active Ethereum community to encourage and reward those who are helping to improve the platform. It is not a competition. You should know that we can cancel the program at any time, and awards are at the sole discretion of Ethereum Foundation bug bounty panel. “ As Altair inched closer by the day, the team needed to find and fix any existing bugs for a smooth rollout. The upgrade will bring support to the core consensus, clean up beacon state incentive accounting, while also fixing issues with validators incentives. EIP-2982 introduced “punitive parameters” to ensure the economical security of the PoS protocol. The Altair upgrade will step up these parameters and the proposed penalties include “Inactivity leak” and “slashing.” As the Ethereum network prepared for the upgrade, Ether witnessed nearly 13% growth over the past week. The digital asset was changing hands at $3,421, at the time of press. Where to Invest?

Ethereum Foundation Investments

3 Investments

Ethereum Foundation has made 3 investments. Their latest investment was in Phantom as part of their Series A on July 7, 2021.

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Ethereum Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/14/2021

Series A

Phantom

$9M

Yes

5

1/8/2019

Grant

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$99M

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10

1/7/2019

Grant

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$99M

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10

Date

7/14/2021

1/8/2019

1/7/2019

Round

Series A

Grant

Grant

Company

Phantom

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Amount

$9M

$99M

$99M

New?

Yes

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Co-Investors

Sources

5

10

10

Ethereum Foundation Partners & Customers

1 Partners and customers

Ethereum Foundation has 1 strategic partners and customers. Ethereum Foundation recently partnered with ConsenSys on July 7, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

7/27/2020

Partner

ConsenSys

United States

ConsenSys acquires Quorum platform from JP Morgan

We look forward to continuing our multifaceted partnership with J.P. Morgan for many years and ushering in an era of enterprise and mainnet compatibility , '' says Joseph Lubin , Founder and CEO of ConsenSys and Co-creator of Ethereum .

2

Date

7/27/2020

Type

Partner

Business Partner

ConsenSys

Country

United States

News Snippet

ConsenSys acquires Quorum platform from JP Morgan

We look forward to continuing our multifaceted partnership with J.P. Morgan for many years and ushering in an era of enterprise and mainnet compatibility , '' says Joseph Lubin , Founder and CEO of ConsenSys and Co-creator of Ethereum .

Sources

2

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