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.

Ethereum’s Pectra Upgrade: What’s New on Gas Fees & Staking | HODL FM
Ethereum’s Pectra Upgrade redefines gas fees and staking, promising…
hodl-post-imageHODL FM: The Wildest Ride in the Crypto MarketHODL Team
hodl-post-image

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.