Ethereum Foundation’s New Security Initiative Targets Mass Adoption
The Ethereum Foundation announced the Trillion Dollar Security initiative (1TS) to improve security and bring trillions of dollars on-chain.
Ethereum Foundation, a non-profit driving the growth of the Ethereum ecosystem, announced an initiative to upgrade the network’s security and increase its adoption.
Called the Trillion Dollar Security Initiative (1TS), the project aims to support Ethereum’s goal of surpassing the world’s legacy computer systems and becoming civilization-scale internet infrastructure.
The Ethereum Foundation says that reaching “trillion-dollar security” means billions of people feeling safe storing over $1,000 onchain, and large institutions or governments trusting a single app or contract with $1 trillion.
The community will join efforts to analyze and report on Ethereum security across different aspects, including:
- user experience,
- developer tools,
- crypto wallets,
- and more.
A near-term and long-term improvement plan will be created based on the findings.
Along with security analysis, 1TS also aims to increase Ethereum awareness.
Users of all kinds should be able to understand, utilize, and benefit from Ethereum’s strong security foundation,
the Ethereum Foundation says.
Ethereum Protocol Security Lead Fredrik Svantes and Josh Stark from the management team will serve as the initial co-chairs of the project. Security experts samczsun, Mehdi Zerouali, and Zach Obront will help guide the initiative.
Recent Developments in the Ethereum Ecosystem
Ethereum continues to lead as the top blockchain in terms of Total Value Locked (TVL). According to DeFi Llama, around $62 billion is currently locked in Ethereum-based DeFi applications – a 33% increase in the past 7 days.
On May 7, Ethereum activated Pectra, a major upgrade designed to improve the user experience, raise the maximum validator balance from 32 to 2,048 ETH, and introduce new features like smart contract wallets and better transaction efficiency. These changes aim to make the network more scalable, secure, and user-friendly.
Pectra’s launch has shifted market sentiment around Ether. Despite struggling earlier in the bull market, Ether has recently outperformed Bitcoin over the past few weeks.
Currently, Ether trades at around $2,570, up 35% in the last 7 days, hinting at a possible altcoin season.
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