Elrond Invites Hackers For Its Upcoming Incentivized Stress Test
Elrond Invites Hackers For Its Upcoming Incentivized Stress Test
June 3, 2020
Elrond Invites Hackers For Its Upcoming Incentivized Stress Test
Elrond Invites Hackers For Its Upcoming Incentivized Stress Test
June 3, 2020

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.

ALSO READ :  Elrond Launches Mainnet Followed By Testnet Reaching At 260,000 Transactions Per Second

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.

ALSO READ :  Group Of North Korean Hackers “Lazarus” Targets Several Crypto Exchanges

Source: Cointelegraph | Image: Unsplash

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