Recently, the Ethereum Foundation announced a large-scale initiative called the "Trillion Dollar Security Initiative" – aimed at transforming Ethereum into a security infrastructure at a civilizational level, capable of protecting assets worth up to trillions of dollars, including those of institutions, governments, and global users.
Goal: To turn Ethereum into a 'global vault'.
According to a statement from #EthereumFoundation , this network will be upgraded to:
Secure enough for billions of people to confidently store over $1,000 on-chain;
And institutions, governments can confidently store over $1 trillion in a single smart contract.
The initiative consists of 3 phases:
Comprehensive evaluation of Ethereum's security, including:
Wallet UX experience,
Smart contract development tools,
Consensus protocol.
Implementing key improvements to address identified vulnerabilities.
Enhancing communication and transparency about Ethereum's security standards to attract more institutions and governments to participate.
Heavyweight names leading the charge:
Samczsun from the crypto investment fund Paradigm, known for security research.
Mehdi Zerouali from the blockchain security company Sigma Prime.
Zach Obront, co-founder of Etherealize.
The project is coordinated by Fredrik Svantes (head of Ethereum's protocol security) and Josh Stark (Ethereum Foundation management team).
The Ethereum Foundation is also inviting the community to provide feedback, from users, developers to institutions, to help shape the network security development roadmap.
Context: The demand for security is becoming urgent.
This initiative was announced just a week after the Pectra update, which had significantly boosted ETH prices, raising hopes that Ethereum would break away from its role as an 'underperformer' in the eyes of investors.
However, Layer 2 – blockchains built on Ethereum – are rapidly developing with scalability and low costs, making it necessary for Ethereum to improve both performance and user experience to keep up.
For example, according to Ms. Ulyana Skladchikova from Blockscout, Ethereum needs to enhance detailed security control, reducing reliance on users having to create or interact with complex smart contract wallets.
ETH is under pressure from the institutional market.
Despite technological advancements, data from CoinGlass shows that Ethereum ETF funds recorded only 3 days of net inflows after #Pectra , mostly coming from BlackRock and Grayscale.
The pressure from institutional investors further highlights that Ethereum needs to clearly demonstrate its security and long-term stability if it wants to maintain its position in the trillion-dollar digital asset market.
Connecting with the crypto market:
If Ethereum truly achieves its goal of becoming a sufficiently secure network to store trillions of dollars in assets, this will be a historic turning point for the entire cryptocurrency market. It could drive broader acceptance from institutions and governments while reinforcing trust for millions of skeptical investors.
🔔 Risk warning: The crypto market always carries volatility and high risk. Although Ethereum is setting ambitious goals, investors should closely monitor the implementation progress and thoroughly evaluate before making decisions. #anhbacong
