Ethereum Foundation Introduces the ‘Trillion Dollar Security’ (1TS) Initiative to Scale Protocol Security and Support Growing Onchain Usage

Ethereum Foundation has introduced the ‘Trillion Dollar Security’ (1TS) initiative to scale protocol security and support growing onchain usage.

The Ethereum Foundation has announced an initiative called ‘Trillion Dollar Security’ (1TS) to scale protocol security and support growing onchain usage. The program will focus on mapping vulnerabilities, implementing critical upgrades, and communicating security standards more effectively.

The initiative arises from the increasing importance of Ethereum as a global financial network. With billions in daily onchain value flowing through thousands of decentralized applications across various sectors, the need for robust security is paramount.

The 1TS program aims to integrate and amplify existing efforts, forging an impenetrable fortress around every layer of the Ethereum stack.

Key Highlights:

The program will begin by mapping vulnerabilities across user wallets, consensus mechanisms, and other critical components to highlight weak points in the protocol. This analysis will also consider UX risks, smart contract libraries, cloud dependencies, and staking centralization.

The initiative will execute essential fixes and long-term improvements based on the identified risks. The goal is to build durable security layers that can withstand systemic risks and targeted attacks. Improvements will cover smart contract safety, network resilience, and broader ecosystem robustness.

The program will be co-chaired by Fredrik Svantes and Josh Stark, who will coordinate key development efforts. They will be assisted by three external stewards: samczsun, a renowned security specialist; Mehdi Zerouali from Sigma Prime, an expert in zero-knowledge technology; and Zach Obront from Etherealize, a veteran protocol auditor.

The program also invites community involvement, encouraging members to share insights and feedback through a dedicated online form. This move aligns with Ethereum's broader mission of transparency and shared responsibility for network safety.

The program's name, "Trillion Dollar Security," reflects the long-term goal of making Ethereum the backbone of global onchain finance. The vision is for individuals to safely hold over $1,000 and organizations to commit larger assets on ETH, establishing it as a trustworthy alternative to traditional infrastructure.

The program will also support community education, bug bounties, formal verification, and improved developer tools. These components aim to raise awareness while providing actionable improvements to existing processes and applications.

As the cryptocurrency market continues to recover, the announcement of the 1TS initiative has contributed to a surge in the price of ETH. In the past 24 hours, the value of ETH increased by over 1.16%, reaching $2,511.09.

This momentum follows a broader uptrend that has seen Ethereum rally more than 50% in one week. The initiative is a testament to the Ethereum Foundation's commitment to scaling the protocol and ensuring its long-term viability.