The Ethereum Foundation (EF) has announced the Trillion Dollar Security initiative, an ecosystem-wide push to upgrade Ethereum’s security.
The number comes from the goal of having billions of people comfortable enough with Ethereum’s security to store $1,000 onchain. It also seeks to make companies, institutions and governments comfortable storing more than $1 trillion inside a single smart contract or application.
“Being the most secure platform in the crypto ecosystem isn’t enough,” the EF said in a blog post on May 14. “Ethereum’s ambition is far greater: to be civilization-scale infrastructure that securely underpins the internet and global economy, surpassing the safety and trustworthiness of the world’s legacy systems.”
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
