#EthereumSecurityInitiative

According to Foresight News, the Ethereum Foundation announced the launch of the "Trillion Dollar Security Initiative" aimed at enhancing the security of the Ethereum protocol through funding research, development, and auditing. The project will initially be led by both Frederik Svantes, head of protocol security, and Josh Stark from the EF management team.

The initiative will support security improvements for key clients, formal verification, security vulnerability testing, bug bounty programs, and community security education. The foundation emphasized the importance of ensuring the protocol's robustness and resilience against attacks as the ecosystem continues to expand.