$ETH

Ethereum Security Initiative focuses on enhancing the security and trustworthiness of the Ethereum blockchain ecosystem. After the DAO hack in 2016, where a vulnerability in the code led to a $50 million loss, Ethereum's founder Vitalik Buterin implemented a hard fork to restore the funds. This event highlighted the need for robust security measures in blockchain technology.

*Key Security Concerns:*

- *Smart Contract Vulnerabilities*: Bugs in smart contract code can lead to significant financial losses.

- *Trust Issues*: Blockchain technology relies on trust in stakeholders, miners, and programmers.

- *Immutable Code*: The immutability of blockchain code is not absolute, as demonstrated by the hard fork.