The Ethereum Foundation has unveiled a large-scale project to strengthen blockchain security, the Trillion-Dollar Security Initiative, aimed at protecting transactions of users and organizations.
Three key stages:
- Ecosystem Audit: Wallets, Smart Contracts, Network Threats
- Vulnerability fixes: some solutions will be implemented immediately, some will be implemented later
- Transparency and trust: emphasis on public communication and comparison with other blockchains
The project is led by Fredrik Svante and Josh Stark (Ethereum Foundation) + 3 external security experts.
Topicality:
- Ethereum accounts for 40-50% of all hacker attacks on the blockchain
- Threats: bridges, smart contracts, DEXs, phishing
The goal is to make Ethereum the most secure decentralized platform in the world.
