Ethereum Foundation aims to secure the future with trillion-dollar security initiative

The Ethereum Foundation (EF) has unveiled the Trillion-Dollar Security (1TS) initiative, a semipermanent program to rise Ethereum’s information standards successful enactment with its increasing value successful planetary finance.

The Foundation said it aims to presumption Ethereum arsenic a web susceptible of securely holding trillions of dollars successful assets for individuals and institutions.

According to the Foundation, Ethereum’s aboriginal requires it to standard information to a constituent wherever billions of users tin safely store $1,000 each on-chain. At the aforesaid time, it indispensable besides connection the infrastructure for organizations to confidently negociate up to $1 trillion wrong a azygous astute declaration oregon decentralized application.

Fredrik Svantes, EF’s Protocol Security Lead, and Josh Stark from the Foundation’s enactment squad volition spearhead the 1TS program.

They would beryllium supported by 3 recognized information experts successful the industry, including Samczsun, laminitis of the Security Alliance and Paradigm advisor; Mehdi Zerouali, co-founder of Sigma Prime; and Zach Obront, co-founder of Etherealize and contributor to OP Succinct.

Ethereum Foundation’s 1TS initiative

The 1TS inaugural volition travel a three-stage process of mapping vulnerabilities, executing improvements, and communicating progress.

The mapping signifier volition measure Ethereum’s exertion stack to place vulnerabilities and strengths.

According to the Foundation:

“This mapping volition span a wide scope of domains, including: UX (blind signing, frontend security), wallet information (firmware issues, proviso concatenation attacks), astute declaration information (developer tooling, modular libraries), infrastructure (cloud security, dependency management), statement and protocol information (DOS risks, involvement centralization), net infra (DNS level censorship).”

This signifier would besides crowdsource input from the Ethereum ecosystem and compile it into a broad information overview report.

Once the mapping is done, the Foundation volition absorption connected upgrading the network. These changes volition people symptom points uncovered during the archetypal signifier and volition fortify Ethereum’s halfway infrastructure without compromising usability oregon decentralization.

Finally, the Foundation plans to pass its advancement successful a mode that’s transparent and casual to understand. This volition assistance users and institutions measure Ethereum’s information posture and benchmark it against different blockchain networks.

The station Ethereum Foundation aims to unafraid the aboriginal with trillion-dollar information initiative appeared archetypal connected CryptoSlate.