Ethereum launches new security initiative
The Trillion Dollar Security Initiative will focus on improving wallet security, smart contract safety, and user experience for developers.
The Ethereum Foundation has launched the Trillion Dollar Security Initiative to boost security across its network. The project aims to improve user experience, wallet protection, smart contract safety, and infrastructure resilience.
It is led by Fredrik Svantes and Josh Stark, with support from ecosystem experts samczsun, Medhi Zerouali, and Zach Obront.
Ethereum remains the leading platform for decentralized finance (DeFi), holding 50-60% of total value locked across blockchains, with nearly $80 billion as of mid-May. The Foundation emphasises that billions of users collectively secure trillions of dollars on the Ethereum network.
Ethereum’s recent Pectra upgrade, the most significant since The Merge, has introduced key enhancements including smart contract external accounts, higher staking limits, and data blobs per block.
Since the upgrade, Ethereum’s native token ETH has surged over 43%, signalling renewed market confidence.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
