#EthereumSecurityInitiative The Ethereum Foundation has launched the **Trillion Dollar Security** initiative, an effort to enhance the security of the Ethereum network and make it more reliable for users and institutions. The goal is to ensure that billions of people can store over $1,000 on the blockchain with total security, collectively accumulating trillions of dollars protected on Ethereum. It also aims for companies and governments to store over one trillion dollars in smart contracts.

The project is divided into three phases: mapping vulnerabilities, executing improvements, and communicating security standards. The initiative is led by Ethereum security experts and has the support of the community. This effort follows the recent **Pectra** update, which has improved the scalability and efficiency of the network.