#EthereumSecurityInitiative The Ethereum Foundation has launched the Trillion Dollar Security (1TS) Initiative to enhance the security of the Ethereum network. This ecosystem-wide effort aims to make Ethereum a civilization-scale infrastructure that securely underpins the internet and global economy. Here are the key points about the initiative¹ ²:
- *Objective*: The 1TS Initiative seeks to upgrade Ethereum's security to a level where billions of individuals can comfortably store over $1,000 on-chain, and companies or institutions can store over $1 trillion in a single contract or application.
- *Phases*: The initiative has three strategic phases:
- *Phase 1: Risk Assessment* - Identifying security strengths and attack vectors across Ethereum's technology stack, including UX, wallet security, smart contract security, infrastructure, consensus, and protocol security.
- *Phase 2: Execution* - Implementing technical solutions, enhancing developer awareness, investing in security infrastructure, and supporting research initiatives.
- *Phase 3: Security Transparency* - Developing ways for users and developers to benchmark Ethereum's security posture and compare it with other blockchains and legacy financial systems.
- *Leadership*: The initiative is driven by Fredrik Svantes and Josh Stark from the Ethereum Foundation, along with ecosystem stewards Samczsun, Mehdi Zerouali, and Zach Obront.
- *Call to Action*: The Ethereum Foundation is seeking input from the broad Ethereum ecosystem to inform their work and identify areas for improvement. You can contribute your perspective through a form or reach out to them directly at [email protected].
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