#EthereumSecurityInitiative Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of on-chain technologies, according to an announcement on May 14. This effort is part of an ongoing push to strengthen Ethereum's role in programmable crypto assets.

Fredrik Svantes, head of protocol security research, and Josh Stark, from the management team of the Ethereum Foundation, will be the first co-chairs of the initiative. Three collaborators from the Ethereum ecosystem samczsun, Medhi Zerouali, and Zach Obront will help guide the project.

Called the One Billion Dollar Security Initiative, the effort seeks to analyze, improve, and communicate to Ethereum developers areas where security can be enhanced, including user experience, wallet security, smart contract security, and infrastructure.