Ethereum Foundation launches ‘Trillion Dollar Security’ plan

The Ethereum Foundation launched the “Trillion Dollar Security” initiative (1TS), a scanning plan aimed at improving Ethereum’s safety architecture to support billions of billions in chain value.

According to an official on May 14 announcementThe goal is to make Ethereum (Ethn) secure enough to support thousands of dollars of value held by individuals, businesses and even governments. Ethereum is already one of the most secure blockchains and feeds thousands of decentralized applications.

But the foundation says it is not enough. To support the next wave of users and the adoption of the real world, Ethereum needs stronger protections in each part of its system, from portfolios to intelligent basic protocol contracts.

The 1TS initiative will start by identifying the weak points through the Ethereum battery. This includes areas such as user experience, smart contract bugs, portfolio security and threats to consensus Blockchain layer. The team will work on improvements and support initiatives for long -term security upgrades according to this review.

Fredrik Svantes and Josh Stark of the Ethereum Foundation will put the spearhead of the initiative, with the help of three renowned security specialists Zach Obut d’Etherealize, Mehdi Zerouali of Sigma Prime and Samczsun de Seal. In addition, the 1TS program will finance bug premiums, official code checks and improved developer tools. The objective is to ensure that all users, from large organizations to private people, feel safe to store value on Ethereum.

The Foundation asks the largest community of Ethereum to participate and provide comments on the areas that require security Improvements. As more and more people and organizations are counting on blockchain systems, Ethereum wants to make sure that he can trust the highest level.

Aside from decentralized finance, the network is already leading market share for active world, one of the fastest and most promising sectors. According to Rwa.xyz dataEthereum currently holds $ 6.9 billion in actual tokenized tokenized, representing more than 58% of the total market. During the inclusion of layer 2 networks like Zksync, this share amounts to almost 89%.

The need for a solid and reliable infrastructure already becomes more urgent as the more real assets move on the chain, hence the latest security initiative.