$USDC The Ethereum Foundation recently launched the Billion Dollar Security Initiative (1TS) on May 14, 2025, a comprehensive effort to enhance security for Ethereum to protect trillions of digital assets. This initiative will address vulnerabilities across all layers, from wallets and smart contracts to consensus mechanisms. The 1TS initiative is being deployed in three phases: risk mapping, implementation of solutions, and improving communication around Ethereum's security standards. Key contributors include Fredrik Svantes, Josh Stark, and Samczsun. This initiative builds on EF's ongoing commitment to security through grants and bug bounty programs, with the goal of "Billion Dollar Security."