#EthereumSecurityInitiative

The Ethereum Foundation has launched a security initiative aimed at promoting the widespread adoption of on-chain technologies, according to an announcement on May 14. This initiative is part of an ongoing effort to strengthen Ethereum's role in programmable digital assets.

Fredrik Svantes, head of protocol security research, and Josh Stark, from the Ethereum Foundation's management team, will be the initial co-chairs of the initiative. Three collaborators from the Ethereum ecosystem —samczsun, Medhi Zerouali, and Zach Obront— will guide the project.

The effort, called the Trillion Dollar Security Initiative, seeks to analyze, improve, and communicate to Ethereum developers areas where security can be enhanced, including user experience, wallet security, smart contract security, and infrastructure.

According to DefiLlama, Ethereum remains the leading ecosystem in decentralized finance (DeFi), having maintained between 50% and 60% of the total value locked across all blockchains since May 2022. The TVL of the network amounted to nearly 80 billion dollars as of May 14.