The Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies

The effort is part of an ongoing push to strengthen Ethereum's role in programmable digital assets.

The Ethereum Foundation has launched a security initiative to support the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of an ongoing push to strengthen Ethereum's role in programmable digital assets.

The initiative, which is being led by Fredrik Svantes, protocol security research lead, and Josh Stark from the Ethereum Foundation management team, will analyze, improve, and communicate to Ethereum developers areas where security can be improved, including user experience, wallet security, smart contract security and infrastructure.

Three contributors to the Ethereum ecosystem — samczsun, Medhi Zerouali, and Zach Obront — will help guide the project.

Called the Trillion Dollar Security Initiative, the effort seeks to mobilize the community to pour even more attention into this critical aspect of the ecosystem.

“We believe that together, we can unlock the next phase of Web3, where billions of individuals are each comfortable storing more than $1,000 onchain, collectively amounting to trillions of dollars secured on Ethereum,” the Foundation said.

According to DefiLlama, Ethereum still is the leading ecosystem for decentralized finance (DeFi), having held between 50-60% of the total value locked across all blockchains since May 2022. The network's TVL stands at nearly $80 billion as of May 14.

The initiative will focus on four key areas:

* **User Experience:** The goal is to make it easier for new users to get started with crypto and understand the basics of security.

* **Wallet Security:** The initiative will work to improve the security of hardware and software wallets, and to reduce the incidence of theft and scams.

* **Smart Contract Security:** The aim is to reduce the number of vulnerabilities in smart contracts, and to encourage the development of more secure and reliable dapps.

* **Infrastructure Security:** The initiative will support the development of a more secure and resilient infrastructure for the Ethereum ecosystem.

The Ethereum Foundation is inviting members of the community to join the Trillion Dollar Security Initiative and help to make a difference.

"We are committed to doing our part to support the growth and adoption of onchain technologies," the Foundation said. "We believe that these technologies have the potential to transform the world for the better."

The initiative is part of the Ethereum Foundation's broader effort to support the development of a more open, inclusive, and equitable Web3. The Foundation is also working on a number of other projects, such as the Ethereum Improvement Proposals (EIPs) process and the Ethereum Ecosystem Grant Program.

"We are constantly striving to improve the Ethereum blockchain and ecosystem for the benefit of all," the Foundation said. "We welcome any feedback or suggestions that members of the community may have."

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