On May 14, 2023, the Ethereum Foundation officially launched the 'Trillion Dollar Security Initiative', aimed at upgrading Ethereum to a 'civilization-level' infrastructure supporting the global economy, providing secure storage and circulation for trillions of dollars in assets. The initiative covers full-stack security optimization across the technology stack, with the goal of ensuring billions of users can safely store assets worth over $1,000 on-chain and support a single contract accommodating over $1 trillion in value.
The initiative is divided into three core strategies:
1. **Security Landscape Assessment**: A comprehensive mapping of the advantages and vulnerabilities across various layers of the Ethereum technology stack (such as smart contracts, consensus protocols, wallet security, etc.), clarifying improvement directions;
2. **High-Priority Fixes and Long-Term Investment**: Collaborating with the ecosystem to drive vulnerability fixes and invest in long-term security enhancement projects, such as optimizing transaction validation mechanisms and quantum-resistant cryptographic techniques;
3. **Transparency and Standardization**: Enhancing user understanding of security standards through clear communication and establishing a security assessment framework comparable to traditional financial systems.
The initiative is co-led by protocol security head Fredrik Svantes and management team member Josh Stark, with the involvement of security experts like samczsun, the founder of SEAL, in governance. The Ethereum Foundation emphasizes that community feedback is key to the initiative's success and has opened a form to collect suggestions. Currently, the scale of tokenized real-world assets (RWA) on the Ethereum chain exceeds $22 billion, accounting for 58% of the market share, and its security upgrades may further consolidate its leadership in financial infrastructure.