Ethereum Foundation Unveils “Trillion Dollar Security” Initiative
The Ethereum Foundation has introduced the “Trillion Dollar Security” (1TS) initiative. This ambitious plan aims to bolster Ethereum’s security to handle trillions in on-chain value.
Announced on May 14, the initiative seeks to make Ethereum (ETH) secure enough for individuals, companies, and governments. Ethereum is already a secure blockchain, powering numerous decentralized apps. However, the Foundation believes more is needed for widespread adoption.
The 1TS initiative will identify vulnerabilities across Ethereum’s system. this includes user experience, smart contract bugs, wallet security, and consensus layer threats. The team will then work on long-term security upgrades.
Leading the initiative are Fredrik Svantes and Josh Stark, with support from security experts Zach Obront, Mehdi Zerouali, and Samczsun. The program will fund bug bounties, code checks, and improved developer tools.
The Foundation invites the Ethereum community to participate and provide feedback. As more people and organizations rely on blockchain, Ethereum aims to be trustworthy at the highest level.
Ethereum leads in real-world assets, a fast-growing sector. According to RWA.xyz, Ethereum holds $6.9 billion in tokenized real-world assets, accounting for over 58% of the market. With layer-2 networks like zkSync, this share rises to nearly 89%.
As real-world assets move on-chain, the need for strong infrastructure becomes urgent. The 1TS initiative addresses this need, ensuring Ethereum’s reliability.
