#EthereumSecurityInitiative #EthereumSecurityInitiative The Ethereum Security Initiative, also known as the Trillion Dollar Security Initiative, aims to strengthen Ethereum's security standards to support broader on-chain adoption. Here's what you need to know¹ ²:
- *Objective*: Make Ethereum robust enough for billions of users to securely hold over $1,000 on-chain and for institutions to store over $1 trillion in a single smart contract or application.
- *Phases*: The initiative will unfold in three phases, starting with a comprehensive assessment of Ethereum's security across areas like wallet UX, smart contract tooling, and consensus protocol.
- *Leadership*: Fredrik Svantes and Josh Stark will co-chair the initiative, with guidance from security experts like Samczsun, Mehdi Zerouali, and Zach Obront.
- *Focus Areas*: The initiative will focus on improving security in areas such as:
- *Smart Contract Safety*: Identifying vulnerabilities and developing robust auditing tools.
- *Validator Resilience*: Enhancing the security of validators and node operators.
- *Community Engagement*: Promoting best practices and fostering a culture of security within the Ethereum ecosystem.
- *Goal*: Achieve "Trillion Dollar Security," where Ethereum becomes civilization-scale infrastructure, securely underpinning the internet and global economy.