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Ethereum Security Initiative: Progress and Challenges
Ethereum, the second largest blockchain by market capitalization, has implemented various initiatives to strengthen its security and scalability. Among the most notable is the Ethereum Improvement Proposal (EIP) 3074, designed to enhance the experience and security of transactions through signature delegation. Additionally, the network has adopted mechanisms like Proof of Stake (PoS) following 'The Merge', reducing energy consumption and mitigating 51% attack risks.
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