The Ethereum Foundation recently launched a new initiative called the "Trillion Dollar Security Initiative" (1TS) aimed at significantly enhancing the security level of the Ethereum network.

This initiative aims to make Ethereum an infrastructure on a "civilizational scale" capable of securing trillions of dollars in value, surpassing the levels of security and trust provided by traditional systems. The ambition is for billions of people to feel comfortable holding $1,000 on-chain, and for large institutions to be able to store more than a trillion dollars in a single smart contract or application.

The initiative consists of three main phases:

* Security Mapping: A comprehensive assessment of the entire Ethereum technology stack to identify security strengths and potential weaknesses. This assessment will cover aspects such as user experience (UX), wallet security, smart contract security, infrastructure security, and protocol security.

* Targeted Remediation: Once the highest priority issues are identified, close collaboration will take place with developers and stakeholders to implement fixes and updates.

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