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Ethereum Foundation Announces Ethereum (ETH) 2.0 Security Team

Ethereum Foundation's Justin Drake announced that the EF is hiring security experts that are tasked with the security and tokenomics development of Ethereum (ETH) 2.0.

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As unveiled by Justin Drake, the Ethereum Foundation (EF) researcher was tasked by Ethereum 2.0 to create a new team from within ETH2's engineering community. It will explore all aspects of security for the future platform.

EF Onboard Security Experts

According to recent tweet by Mr. Drake, a new entity is being formed from within the Ethereum Foundation. It is a dedicated unit that will address the challenges and security issues of Ethereum (ETH) 2.0.

The members of this new squad will stress-test the various aspects of Ethereum (ETH) 2.0 consensus design, tokenomics, etc. They will also search for security flaws within the code in order to patch them. Specialists from 'applied cryptanalysis' and 'formal verification' are also welcome to Ethereum (ETH) 2.0's security department.

The process of onboarding is opened, so all experts should just contact Ethereum (ETH) 2.0's developers by e-mail.

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The new initiative is highly appreciated by the Ethereum (ETH) community. Commentators from the aforementioned tweet say that Mr. Drake is emphasizing a new mission that is a unique career opportunity for developers. engineers, and researchers.

All Eyes on Ethereum (ETH) 2.0 Staking Tokenomics

It looks like Ethereum (ETH) 2.0 devs are taking the future tokenomics design that involves the Proof-of-Stake (PoS) consensus very seriously. It is crucial to create a transparent system of economic incentives for stakers and validators in order to prevent any kind of malicious activity.

👉 MUST READ Ethereum (ETH) 2.0 Economics Analyzed by ConsenSys Researchers, Security Flaws Unveiledrelated article image

As previously covered by CryptoComes, ConsenSys experts Tom Borgers and Tanner Hoban have released a detailed report on Ethereum 2.0 economics. They unveiled a number of trade-offs that should be eliminated to ensure a fair interaction between all system participants.

However, they also stressed that the Ethereum (ETH) 2.0 economics will be much more complicated than the Proof-of-Work (PoW) system in its entirety.

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Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)