🛡️🚀 ¡#Ethereum FOR TOTAL SECURITY! Foundation launches initiative to overcome legacy systems.
The Ethereum Foundation presented the "Trillion Dollar Security Initiative" 🛡️💰, an effort to promote the adoption of on-chain technologies and strengthen Ethereum's role in programmable crypto assets. Fredrik Svantes and Josh Stark will lead the initiative, with the help of prominent collaborators from the ecosystem.
The goal is to analyze, improve, and communicate to developers key areas for security in Ethereum, including user experience 👤, wallet security 🔒, smart contract security 💡, and infrastructure ⚙️.
$ETH remains the leading ecosystem in decentralized finance (DeFi) 🥇, holding between 50-60% of the total value locked (almost $80 billion). The Foundation states that achieving "Trillion Dollar Security" requires support from the entire ecosystem, as billions of people collectively store trillions of dollars in Ethereum.
This effort adds to the momentum generated by the recent Pectra update 🚀, the most significant since The Merge, which introduced key improvements such as external accounts as smart contracts, increased staking limits, and data blobs per block. The price of #ETH has risen more than 43% since this update.
Do you think this security initiative will drive greater adoption of Ethereum and on-chain technologies? 🤔 What areas of security do you consider most critical for the future of the Ethereum ecosystem?
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