#EthereumSecurityInitiative The Ethereum Foundation has launched the "Trillion Dollar Security Initiative" (1TS) to significantly enhance the security of the Ethereum blockchain. This multi-phase project aims to ensure the network can securely manage trillions of dollars and billions of users, recognizing Ethereum's growing financial importance with nearly $80 billion locked in DeFi.

The initiative will unfold in three strategic phases: risk assessment across areas like wallets and smart contracts, implementing solutions and boosting developer awareness, and enhancing security transparency for users and regulators. The Foundation actively supports security through grants and proactive measures for upcoming upgrades, emphasizing smart contract audits as vital for a trustworthy ecosystem.