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 Ethereum Foundation is building an internal security team dedicated to Eth2.— Justin Ðrake (@drakefjustin) August 1, 2020
Fuzzing, bounty hunting, pager duty, cryptoeconomic modelling, applied cryptanalysis, formal verification—you name it :)
Send talent our way 👉 email@example.com
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.
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.
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.