The Ethereum Foundation (EF) has announced the launch of the global Trillion Dollar Security (1TS) initiative — a large-scale project aimed at enhancing the security of Ethereum to a level worthy of supporting the global economy.
It aims to provide billions of people with secure on-chain storage of their funds, while granting large institutions trust in smart contracts worth billions.
"Ethereum is already the most secure blockchain ecosystem, but that is not enough. We strive for Ethereum to become an infrastructure of civilizational scale — more reliable than traditional financial systems," states the official announcement from EF.
1TS is a comprehensive security audit, implementation of improvements, and transparent communication aimed at ensuring that Ethereum is capable of securely holding trillions of dollars in value.
According to the statement, the initiative covers three main areas. First, mapping threats and strengths across all layers of the Ethereum technology stack.
Second, implementing improvements, including urgent fixes and long-term investments in security projects.
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