#EthereumSecurityInitiative

The Ethereum Foundation recently launched a new initiative aimed at significantly enhancing the security of the network. Announced on May 14 under the name "Trillion Dollar Security Initiative" (1TS), it emphasizes that as the value of Ethereum grows, maintaining its security becomes critically important. This initiative aims to ensure that people can trust the network in managing their funds.

Although Ethereum is considered the cornerstone of decentralized finance (DeFi) and smart contracts, it still faces significant security challenges. The foundation seeks to make the network secure enough for billions of people to safely store even small amounts, as well as robust enough to protect institutions that may manage trillions of dollars in a single smart contract or application.

Why should Ethereum's security be improved?

Ethereum is more than just a blockchain—it is the foundation for a massive and growing financial system. According to DefiLlama, Ethereum holds nearly $80 billion in total value locked (TVL) across decentralized finance protocols as of mid-May, representing 50-60% of the entire DeFi market. With this level of dominance, it is not enough for Ethereum to be merely reliable; it must be dependably unprecedented.