#EthereumSecurityInitiative The Ethereum Foundation outlined a new initiative to improve the security of the network, describing its long-term goal as building a "civilization-scale infrastructure" capable of securing trillions of dollars in value.
Through the "One Trillion Dollar Security Initiative," the foundation aims to make Ethereum robust enough for billions of people to confidently hold over $1,000
on-chain.
It also seeks the participation of companies, institutions, or governments that might be "comfortable storing over $1 trillion of value within a single contract or application."
The initiative will be developed in three phases, starting with a comprehensive assessment of Ethereum's security in areas such as wallet user experience, smart contract tools, and consensus protocol.
The next phase will focus on implementing key improvements, followed by efforts to better communicate Ethereum's security standards.
The Foundation is also soliciting input from users, developers, and institutions to help shape the roadmap.
Security experts, such as Samczsun from Paradigm (a research-driven crypto asset investment firm), Mehdi Zerouali, co-founder of Sigma Prime (a blockchain security and research company), and Zach Obront, co-founder of Etherealize, will lead the efforts for the new initiative.