#EthereumSecurityInitiative

The Ethereum Foundation Launches Ambitious Security Initiative Worth One Trillion Dollars to Enhance Network Reliability

The Ethereum Foundation announced yesterday, May 14, the launch of a one trillion dollar security initiative, a strategic move aimed at establishing Ethereum as a critical digital infrastructure comparable in security to global systems, preparing the network to support the global economy and the modern internet securely and inclusively.

The initiative seeks to elevate the security level on the Ethereum network to be sufficient to enable billions of users to store more than $1,000 each on the network – which amounts to trillions of dollars in assets.

It also aims to reassure institutions that the network is capable of supporting the storage of over one trillion dollars within a single contract or specific application without exposing it to inherent security risks.

The initiative consists of three main pillars:

1. Comprehensive Security Mapping: To assess the security landscape of various layers of Ethereum, identifying strengths and weaknesses across the technical architecture.

2. Targeted Improvements: Including the implementation of high-priority repairs and long-term investments in projects that enhance structural and technical security.

3. Enhanced Security Communication and Documentation: To make security standards on Ethereum clearer and more comparable to the standards adopted in traditional financial systems.