#EthereumSecurityInitiative In a strategic approach aimed at strengthening the security of the Ethereum system, the Ethereum Foundation launched the Ethereum Security Initiative (ESI), a collaborative effort bringing together researchers, developers, and security experts to address threats and enhance the reliability of the network.

The ESI aims to create a safer environment for smart contracts and decentralized applications by funding open-source security projects, developing effective audit tools, and encouraging responsible disclosure of vulnerabilities.