The Ethereum Foundation (EF) has announced the Trillion Dollar Security (1TS) initiative, a long-term plan to raise Ethereum security standards in line with its growing importance in global finance.
The foundation said it aims to position Ethereum as a network that can securely hold trillions of dollars of assets for individuals and institutions.
According to the foundation, Ethereum’s future calls for billions of users to extend security to points where billions of users can safely store $1,000 each chain. At the same time, organizations must provide infrastructure to confidently manage up to $1 trillion in a single smart contract or decentralized application.
Fredrik Svantes, EF’s Protocol Security Lead, and Josh Stark, the Foundation’s Leadership Team, is at the forefront of the 1TS program.
They are supported by three recognised security experts in the industry, including Samczsun, founder of Security Alliance and Paradigm Advisor. Mehdi Zerouali, co-founder of Sigma Prime. Zach Obront, co-founder of Etherealize and contributing to the OP’s brevity.
Ethereum Foundation’s 1TS Initiative
The 1TS initiative follows a three-stage process: mapping vulnerabilities, implementing improvements, and communicating progress.
The mapping phase evaluates Ethereum’s technology stack to identify vulnerabilities and strengths.
According to the foundation:
“This mapping spans a wide range of domains, including UX (blind signatures, front-end security), wallet security (firmware issues, supply chain attacks), smart contract security (developer tools, standard libraries), infrastructure (cloud security, addiction management), consensus, protocol security (DOS risk, stake centralization), and internet infrastructure (DNS-level sensorit).
Additionally, this phase will crowdsource input from the Ethereum ecosystem and compile it into a comprehensive security overview report.
Once the mapping is complete, the foundation will focus on network upgrades. These changes target early on-demand issues and enhance Ethereum’s core infrastructure without compromising usability or decentralization.
Finally, the foundation plans to communicate progress in a transparent and easy-to-understand way. This helps users and agencies assess Ethereum’s security attitude and benchmark it against other blockchain networks.