The Ethereum Foundation has launched the Trillion Dollar Security (1TS) Initiative to enhance the Ethereum network's on-chain security and prepare it for global adoption.
The initiative, spearheaded by industry leaders and experts, aims to address vulnerabilities, upgrade resilience and credibility, and scale security proportionally with the ecosystem's growth.
The 1TS Initiative will be executed in 3 strategic phases focusing on risk assessment, technical solutions deployment, and enhancing security transparency to align with traditional trust standards.
The goal of the initiative is to build a civilization-grade internet infrastructure supporting a secure, open global financial system, surpassing legacy banking security to earn users' trust storing trillions on-chain.