Ethereum's total value locked stands at $ 51.5 billion. Ethereum has the second largest market share across all Blockchain today.
The Ethereum ecosystem is beefing up its security capabilities with a new initiative called "Trillion Dollar Security". The Ethereum Foundation unveiled the initiative on May 14, expecting to load up the blockchain with security capabilities that could encourage more entities to explore the on-chain world. Fredrik Svantes, the protocol security lead at Ethereum, and Josh Stark from the Ethereum Foundation management team have been appointed as the initial co-chairs to oversee the project.
In its announcement post, the Ethereum Foundation said that the network's security should be able to support billions of users storing at least $1,000 (roughly Rs. 85,690) on-chain. Reaching “Trillion Dollar Security” would mean companies, institutions, and governments would be comfortable storing over a trillion dollars of value inside a single contract or application, Ethereum said.
"Ethereum's ambition is to be civilisation-scale infrastructure that securely underpins the internet and global economy, surpassing the safety and trustworthiness of the world's legacy systems," the company said in the announcement. $BTC $ETH
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