Ethereum Foundation launches 'Trillion Dollar Security' initiative to upgrade blockchain resilience
by Naga Avan-Nomayo
Quick Take
Ethereum developers shared a three-part plan to bolster its ecosystem security.
The goal is to provide a network capable of storing trillions of dollars from individuals and institutions.
The Ethereum Foundation unveiled a new "trillion dollar" initiative to elevate Ethereum’s security standards to meet the demands of a global, trillion-dollar-scale financial network. The so-called "Trillion Dollar Security" initiative outlines a three-part strategy to assess and reinforce the blockchain’s infrastructure.
While the Ethereum blockchain secures over $63 billion worth of assets, the foundation said further steps are needed to prepare the network for broader economic integration and ultimately surpass security guarantees offered by legacy financial infrastructure.
The Trillion Dollar Security plan comes weeks after the EF and Ethereum co-founder Vitalik Buterin, outlined a new board structure for the organization to maintain its cypherpunk values while onboarding new users and scaling DeFi's largest network by total value locked.
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