The Ethereum Foundation just dropped a bold plan called the Trillion-Dollar Security (1TS) initiative, aiming to crank up Ethereum’s security to handle trillions of dollars safely as it cements its role in global finance.

Their big dream? To make Ethereum the Fort Knox of crypto, where billions of users can safely stash $1,000 each on-chain, and big institutions can confidently manage up to $1 trillion in a single smart contract or dApp.

Leading the charge are Fredrik Svantes, EF’s Protocol Security Lead, and Josh Stark, backed by crypto security gurus like Samczsun, Mehdi Zerouali, and Zach Obront. Talk about an A-team.

Mapping, Upgrading, and Keeping It Real

The 1TS plan breaks down into three stages: first, mapping Ethereum’s security weak spots and strengths, from user experience hiccups like blind signing to cloud and DNS-level risks.

The Foundation said:


“This mapping will span a wide range of domains, including: UX (blind signing, frontend security), wallet security (firmware issues, supply chain attacks), smart contract security (developer tooling, standard libraries), infrastructure (cloud security, dependency management), consensus and protocol security (DOS risks, stake centralization), internet infra (DNS level censorship).”

Then comes the upgrade phase, targeting the pain points without messing up Ethereum’s user-friendliness or decentralization mojo.

Finally, the Foundation promises to keep everyone in the loop with clear updates so users and institutions can size up Ethereum’s security compared to other blockchains.

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