The Ethereum Foundation has announced the 'Trillion Dollar Security' initiative to strengthen Ethereum's security for safely storing trillions of dollars worth of value on-chain.
The initiative involves identifying and fixing security vulnerabilities, communicating Ethereum's security advantages over other networks, and aiming to secure trillions on the network.
The plan includes mapping the network for security weaknesses, executing fixes prioritized by the mapping, and emphasizing the security benefits of Ethereum to users.
Despite Ethereum's weaker price performance compared to competitors like Solana, Ethereum remains the second largest cryptocurrency by market cap and dominates the DeFi market with over 50% of the total value locked.