#EthereumSecurityInitiative
The Ethereum Foundation launched the "Trillion Dollar Security" initiative on May 14, 2025, to enhance the security of the network in preparation for widespread global adoption. The initiative aims to enable users to securely store $1,000 on the network and allow institutions to manage over a trillion dollars through smart contracts and decentralized applications.
The initiative follows three phases:
1. Risk Assessment: A comprehensive evaluation of Ethereum components, including user experience, wallet security, smart contracts, infrastructure, and compatibility protocols.
2. Implementing Improvements: Developing solutions for identified issues, such as auditing tools and protocol updates.
3. Communication and Awareness: Disseminating knowledge and promoting a security culture among developers and users.
The initiative is led by Frederik Svants and Josh Stark, supported by prominent security experts such as Samkzsen, Mehdi Zarouali, and Zach O'Brut.
These efforts aim to establish Ethereum as a reliable and secure global financial infrastructure.