Source: Cointelegraph
Original: “Ethereum Foundation Unveils Security Initiative to Replace Legacy Systems”
According to an announcement on May 14, the Ethereum Foundation has launched a security initiative aimed at supporting the broader application of on-chain technology. This effort is part of a continuous push for Ethereum to play a larger role in the programmable digital asset space.
Fredrik Svantes, head of protocol security research, and Josh Stark from the Ethereum Foundation management team will serve as the first co-chairs of the initiative. Three contributors from the Ethereum ecosystem—samczsun, Medhi Zerouali, and Zach Obront—will assist in guiding the project.
The initiative is named the “Trillion Dollar Security Initiative,” which aims to analyze, improve, and communicate areas that can enhance security to Ethereum developers, including user experience, wallet security, smart contract security, and infrastructure.
According to DefiLlama, since May 2022, Ethereum has been the leading ecosystem in decentralized finance (DeFi), accounting for 50% to 60% of the total value locked across all blockchains. As of May 14, the total value locked (TVL) in the network was nearly $80 billion.
The Ethereum Foundation stated in a release: “Achieving trillion-dollar security is only possible with the support of a broad Ethereum ecosystem.” The statement added: “Billions of people securely store over $1,000 worth of assets on-chain, collectively safeguarding trillions of dollars in value on Ethereum.”
In this bull market, Ethereum's challenges have been widely reported. Its traffic has been sluggish, lacking compelling use cases, while Layer-2 solutions aimed at speeding up its operations have also struggled with poor user experience (UX). However, the Pectra upgrade was subsequently launched.
Pectra is the most significant upgrade for Ethereum since the “Merge,” bringing three key improvements, including treating external accounts as smart contracts, increasing staking limits, and enhancing data blocks per block.
The price of Ethereum's native token, ETH, has significantly risen since the upgrade, with an increase of over 43% since May 7.
Related: Analysts say: Strategy company outperformed all public stocks by investing in Bitcoin (BTC)
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
