Ethereum is the most prominent blockchain in the DeFi ecosystem. With over 60 billion dollars in TVL, Ethereum is an undisputed leader. However, its protocols often face hackers. From smart contracts to interface bugs and fraudulent mechanics, hackers exploit every attack vector. Thus, the Ethereum Foundation wants to put an end to this hell by announcing the Trillion Dollar Security initiative.
The key points of this article:
Ethereum has been under pressure from frequent hacker attacks that exploit technical and human vulnerabilities.
The Ethereum Foundation launched the Trillion Dollar Security initiative to strengthen the security of its network through threat mapping and concrete actions.