#EthereumSecurityInitiative
๐ก๏ธ Ethereum Launches 'Trillion Dollar Security Initiative'
On May 14, 2025, the Ethereum Foundation announced the Trillion Dollar Security Initiative, aiming to enhance the network's security to a level where billions of users can safely hold assets on-chain. Cointelegraph+8Crypto News Flash+8Decrypt+8
๐ Three Pillars of the Initiative
Mapping: Comprehensive assessment of Ethereum's current security landscape, identifying strengths and potential vulnerabilities.Crypto News Flash
Execution: Implementing high-priority security enhancements based on the mapping phase, collaborating with ecosystem partners for effective solutions.
Communication: Engaging with the community and stakeholders to share progress, gather feedback, and promote transparency throughout the initiative.
The initiative is led by Fredrik Svantes, Protocol Security Lead, and Josh Stark from the Ethereum Foundation management team. Gadgets 360
๐ Vitalik Buterin Proposes Multisig Approach for Rollup Security
Ethereum co-founder Vitalik Buterin has proposed a multisignature (multisig) approach to enhance the security of Ethereum rollups. This strategy involves multiple independent proof systems and a security council to reduce the risk of failures. The proposal outlines a phased security model:The Crypto Times
Stage 0: Security council with 4-of-7 multisig configuration.The Crypto Times
Stage 1: Expanded to a 6-of-8 configuration.The Crypto Times
Stage 2: Transition to decentralized proof systems with minimized reliance on the security council.The Crypto Times
