As we gear up for the mainnet launch of the Aleo Network, ensuring our platform’s security, robustness, and reliability is crucial. To achieve this, we are excited to announce our partnership with Sherlock to host an audit contest from June 10 to June 24. Participants have the chance to earn from a $155,000 prize pool by identifying and describing code vulnerabilities in ARC-0041.
What is ARC-0041?
ARC-0041 is an updated implementation of the credits.aleo program, bringing significant protocol improvements to enhance network functionality. The key update is a new staking and delegating paradigm, allowing users to delegate funds to activate a validator without giving up control or compromising security. This innovation aims to provide greater flexibility and security for network participants.
How to Participate
The contest is open to anyone eager to contribute to a Zero-Knowledge (ZK)-first future and ready to tackle the challenge. Participants will review the ARC-0041 code and propose critical improvements. The prize pool of $125,000 will be distributed algorithmically based on the number, severity, and rarity of the identified vulnerabilities. After the contest ends on June 24, Sherlock’s expert judges will evaluate the vulnerabilities and distribute the payouts a few weeks later.
Before registering, participants should review the comprehensive guide to Sherlock audit contests. Additionally, Sherlock will release an Aleo-specific list of resources on June 10 to help even those unfamiliar with Aleo get started. Interested participants can register on the contest page and begin submitting vulnerabilities on June 10 at 3 PM UTC.
Renewing Our Commitment to Security
This audit contest is part of Aleo’s ongoing commitment to security, reflected in over a dozen audits and bug bounty programs completed during our four years of development. With Sherlock’s extensive experience and network of auditors, we aim to identify and address potential vulnerabilities, ensuring our platform remains safe and reliable. If successful, this partnership could also establish a mechanism for auditing future proposed codebase changes.
On June 10 at 7:30 AM PT, Alex Pruden from Aleo, along with Jack Sanford and Scott Gralnick from Sherlock, will be available during our Audit Contest X Space to share more details about how you can get involved and make a significant impact on the Aleo Network.
Delving Deeper: The Importance of ARC-0041
ARC-0041 is a fundamental evolution in our network’s approach to staking and delegation. By allowing users to delegate funds without losing control over their assets, ARC-0041 enhances both security and user experience. This update ensures users can participate in network activities while maintaining the highest standards of security for their keys and funds.
This new function addresses the growing need for secure and efficient staking mechanisms in the blockchain space, solidifying Aleo’s position as a leader in providing innovative solutions that prioritize user security and network integrity.
The Contest: A Unique Opportunity for Developers
The ARC-0041 audit contest is a unique opportunity for developers and security researchers to engage with cutting-edge blockchain technology and contribute to its security and stability. Participants can earn substantial rewards and gain recognition within the blockchain community for their contributions.
The contest format encourages thorough examination of the ARC-0041 code, identification of potential vulnerabilities, and suggestions for improvements. This collaborative approach ensures Aleo benefits from diverse expertise and perspectives, ultimately strengthening the platform.
Preparing for the Contest: Essential Resources and Support
To ensure all participants can contribute effectively, Sherlock will release an Aleo-specific list of resources on June 10, providing essential background information, technical details, and guidance on navigating the ARC-0041 code. Additionally, the comprehensive guide to Sherlock audit contests will offer valuable insights into contest rules, evaluation criteria, and the submission process.
The Broader Impact: Building a Secure and Trustworthy Network
The ARC-0041 audit contest is a critical step in building a secure and trustworthy Aleo Network. By leveraging the global developer community’s expertise, we aim to identify and address potential vulnerabilities proactively. This ensures our platform remains resilient and capable of supporting various applications and services.
In addition to improving platform security, the contest offers a valuable learning experience for participants, enhancing their understanding of blockchain technology and their skills in identifying and mitigating vulnerabilities.
Looking Ahead: The Future of Security in Aleo
As we prepare for the mainnet launch, our commitment to security remains unwavering. The ARC-0041 audit contest is just one of many initiatives aimed at ensuring our platform’s robustness and reliability. Moving forward, we will continue prioritizing security in all aspects of our development, from code audits and bug bounty programs to ongoing community engagement and collaboration.
The lessons learned from the ARC-0041 audit contest will inform our future efforts, helping us refine our approach to security. By continuously evolving our security practices, we aim to set a new standard for blockchain platforms and pave the way for the widespread adoption of secure, privacy-focused technologies.
Conclusion: Join Us in Shaping the Future of ZK
The ARC-0041 audit contest is a unique opportunity to shape the future of Zero-Knowledge (ZK) technology and contribute to the Aleo Network’s security. By participating, you can help ensure our platform’s robustness and reliability, building a secure foundation for the next generation of blockchain applications.
We invite all developers, security researchers, and blockchain enthusiasts to join us in this exciting endeavor. Register today, review the ARC-0041 code, and submit your findings to earn a share of the $155,000 prize pool. Together, we can build a secure and trustworthy Aleo Network that empowers users and supports innovative, world-class products.
Stay tuned for more updates and join our Audit Contest X Space on June 10 to learn more about how you can get involved and make a lasting impact on the future of blockchain technology.
