The Ethereum Foundation has launched a significant new initiative known as the Trillion Dollar Security Initiative aimed at improving Ethereum’s security.
The initiative is set out to make Ethereum safe for people and institutions to hold trillions of dollars’ worth of onchain assets. Fredrik Svantes and Josh Stark head the initiative along with other important stakeholders in the blockchain space.
Ethereum has emerged as the most secure blockchain platform over the past ten years by optimizing each aspect of its technology. Security is enhanced across the range of wallet interfaces, developers’ tools, smart contracts, and consensus protocols that safeguard users across all levels.
However, Ethereum’s overall aim is not only to be secure but is to become the digital infrastructure of the world’s economy.
The Trillion Dollar Security initiative focuses on identifying Ethereum’s vulnerability hotspots and implementing upgrades. It also aims to improve how security information is communicated.
Developers will analyze weak points in user experience, wallet security, and smart contract integrity. This review will span the entire Ethereum tech stack. They’ll additionally review infrastructure layers like DNS threats and dependency problems.
Community feedback drives Ethereum’s security strategy
Improvements will then target the most urgent problems, with both immediate fixes and long-term development plans. Alongside technical upgrades, the team wants users to easily understand Ethereum’s security posture compared to other systems.
The goal is for individuals to feel safe storing over $1,000 onchain. Institutions should also be able to confidently secure trillions in Ethereum-based assets.
Security experts Samczsun, Mehdi Zerouali, and Zach Obront will support the foundation team. Samczsun is known for disclosing major protocol vulnerabilities and leads the Security Alliance.
Zerouali co-founded Sigma Prime, a top blockchain security firm. Obront, co-founder of Etherealize, has led major cryptographic infrastructure projects and audits since 2022.
The ETH Foundation welcomes users and developers to submit input using a specialized response form.
The initiative relies on input from the greater crypto community to find points of pain and inform security policies. Ethereum seeks to make it possible for anyone, from individuals to governments, to securely create and hold digital value.
