Ethereum Launches ‘Trillion Dollar Security’ Initiative to Bolster On-Chain Trust 🛡️
The Ethereum Foundation has announced its Trillion Dollar Security Initiative. This ambitious plan aims to enhance Ethereum's network security, setting it as the key digital infrastructure worldwide. The initiative focuses on ensuring Ethereum can handle billions of users holding $1,000 or more on-chain.
Moreover, it's designed for institutions to securely store over $1 trillion in a single smart contract or application. The program will unfold in three phases, starting with a detailed security audit covering wallet UX, smart contract tools, and consensus mechanisms.
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