Ethereum Foundation Launches 'Trillion Dollar Security Initiative' to Fortify Network - adtechsolutions

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Ethereum Foundation Launches ‘Trillion Dollar Security Initiative’ to Fortify Network



Briefly

  • The new initiative of Ethereum aiming to vulnerability throughout the technological bundle, from UX wallet to consensus protocol.
  • The aim of the project is to make a net safe enough to store trillion, including institutional and sovereign property.
  • A community intake is sought to form folders of the road, with key figures like Samczsun and Sigma Prime’s Mehdi Zerouali of leading efforts.

On Wednesday, the Ethereum Foundation emphasized the new initiative to upgrade the network safety, describing its long -term goal as the construction of “civilization infrastructure”, which is capable of securing a dollar trillion value.

Called Trillion safety initiativeThe Foundation hopes that Ethereum will make a robust enough for billions of people to keep more than $ 1,000 confidently.

He also observes the participation of companies, institutions or governments that could “be comfortable storing more than $ 1 billion dollars within one contract or application”.

The initiative will take place in three stages, starting with comprehensive assessments of Ethereum security in areas such as UX, a smart contract and a consensus protocol.

The next phase will focus on the implementation of key improvements, followed by efforts to better communicate Ethereum’s security standards.

The Foundation also seeks the contribution of users, developers and institutions to help design the road.

Security lamps, including research crypto investment company Paradigm, Samczsun, Blockchain Research Sigma Prime Prime Commander Mehdi Zerouali, and To ethere The co -founder of Zach Posont, has been set on the role of effort for a new initiative.

The Ethereum Foundation has announced that the community contribution is welcoming to ensure different views on the design of its infrastructure development.

The Ethereum Foundation Protocol, Fredrik Svantes and Josh Stark from his managerial team, will also oversee the Kopedi project.

The announcement of a three -phase program comes one week after the introduction PectraSending Ethereum to double -digit peak and exhausted renewed interest.

After the upgrade, it became “difficult to justify ETH as a relative weaker effect,” Bernstein investment company analysts said last week.

But despite the latest network achievements, Ethereum must “keep up with layer 2 growth,” said Ulyana Larladchikov, product manager at the Blockkscout Open Code, Decipher Last week.

The layers of the 2 layers are separated by blockchains built on top of Ethereum, which can take a step by upgrading the way they process transactions using the first, making them cheaper and faster using “stains“This improves how data is stored and processed.

On user experience Level, Ethereum also has to improve the “grain control” of its safety.

“By reducing the need to set up, by interacting by moving the assets to a smart contract The wallet, “other cases of use could become more sustainable from Pectra and provide” additional safety and flexibility, “explained harmony.

On the institutional side, Ethereum also felt a pinch of investors, information from COINGLASS shows.

The Ethereum etf witnesses are only three days of positive net inflows in the week of Pectra, which primarily launched Blackkock and Greyscale.

Decipher Came to the Ethereum Foundation for comment.

Edited Sebastian Sinclair

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