#EthereumSecurityInitiative The Ethereum Foundation Launches $1 Trillion Security Initiative

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The Ethereum Foundation recently launched a new initiative aimed at significantly enhancing the security of the network. Announced on May 14 as the '$1 Trillion Security Initiative' (1TS), it states that with the growth of Ethereum's value, it becomes crucial to maintain its security. This initiative aims to ensure that people can trust the network to manage their money.

Although Ethereum is the cornerstone of decentralized finance (DeFi) and smart contracts, it still faces significant security challenges. The foundation seeks to make the network secure enough for billions of people to safely store even small amounts, as well as robust enough to protect institutions that could manage trillions of dollars in a smart contract or a single application.