Blockchain firm Elrond has invited hackers to attack its network during its upcoming incentivized stress test.
According to an announcement on June 2nd, Elrond’s upcoming incentivized stress test will include a variety of different attacks on the network.
Elrond’s CEO, Beniamin Mincu, explained:
“Anything that takes the network down is allowed, as long as it’s not breaking the law or social privacy of participants. So DDoS-ing, hijacking rewards, stealing coins, double spending, minting new coins & other similar situations – we will reward every successful attempt to do any of those things.”
The event will feature a $40,000 prize pool to incentivize participation in the stress test ahead of the main network’s launch.
Participants will receive $20,000 in the network’s native ERD tokens after the test. An additional $20,000 is assigned to staking rewards for mainnet node operators to be distributed over the next year.
As per the announcement, the stress test:
“will see Elrond’s test network transformed into a virtual battleground.”
Mincu added that the stress test will also include several network restarts and hard forks.
The event will take place on June 4 and after its completion, final preparations for the mainnet launch will begin:
“[This test] is the final and most important step before the Elrond mainnet. Through it, we will demonstrate a robust and performant network leading to the launch. This is a remarkable milestone, and once 15 days have passed where the network runs without interruptions in a high TPS environment, we will know Elrond is ready to go live.”
Stress tests are used to check how reliable blockchain networks are under extreme conditions.