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Safe Enough To Store Trillions: Ethereum’s New Plan To Boost Security and Interest

  • 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.

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