The Ethereum Foundation today (14th) announced the launch of the "Trillion Dollar Security Initiative". According to the announcement, the goal is to elevate Ethereum's security to a new height, supporting its role as a "civilization-level" infrastructure for the internet and global economy, securely carrying trillions of dollars in digital assets.
Achieving "trillion-dollar security" means:
- Billions of individuals are willing to store assets over $1,000 on-chain, totaling trillions of dollars stored on Ethereum.
- Companies, institutions, or governments can easily store over $1 trillion in value in a single contract or application.
Three Core Strategies
The "Trillion Dollar Security Plan" includes three core strategies:
First, "Mapping": Comprehensively assess the security advantages and potential risks of the Ethereum technology stack, compiling a security overview report to identify key improvement areas. Areas include: UX (blind signing, front-end security), wallet security (firmware issues, supply chain attacks), smart contract security (developer tools, standard libraries), infrastructure (cloud security, dependency management), consensus and protocol security (DOS risks, stake centralization), network infrastructure (DNS-level review), etc.
Second, "Executing": Based on the report, collaborate with the ecosystem to implement near-term fixes and invest resources in long-term security enhancement plans.
Finally, "Communicating": Clearly communicate Ethereum's security information, helping various users understand and benefit, while establishing security standards for comparison with other systems.
The plan is led by Protocol Security Head Fredrik Svantes and Management Team Member Josh Stark. Three ecosystem coordinators were invited to guide the initiative: Security Alliance (SEAL) Founder samczsun, Sigma Prime Co-founder Mehdi Zerouali, and Etherealize Co-founder Zach Obront, all of whom have made significant contributions in blockchain security.
The Foundation emphasizes that this ambitious goal requires ecosystem-wide support. Individuals and professional institutions are welcome to provide feedback through this form or explore further via email.
Ethereum Market Status
Initially wondering where Ethereum would find so much money, it turns out this refers to the total assets of all users, symbolically announcing future developments that will be tracked.
At the time of writing, the ETH price is approximately $2,618.91.
