Ethereum is the most secure blockchain ecosystem. This is the result of 10 years of progress and iteration at all levels of the Ethereum technological battery, from Wallet UX to the tooling of developers to the safety of the consensual protocol.
But being the most secure platform of the cryptographic ecosystem is not enough. Ethereum’s ambition is much greater: being an infrastructure on the scale of civilization which underlies internet safely and the global economy, exceeding the security and reliability of systems inherited from the world.
Today we are announcing the Dollars Billion Security Initiative, an effort on the scale of the ecosystem to upgrade Ethereum’s safety to help bring the whole world.
Achieving “security of billions of dollars” means a world where:
- Billions of people are comfortable to store more than $ 1,000 in ONCHAIN, raising collectively to billions of dollars guaranteed in Ethereum.
- Companies, institutions or governments are comfortable storing more than 1 Billion of dollars of value in a single contract or application.
What will the 1TS project do?
This initiative has three components:
(1) Cartography The landscape of security forces and attack vectors through each domain and layer of the Ethereum technological battery. We will collect comments from the whole ecosystem and synthesize this in a security overview report that will help us identify the fields of intervention.
This cartography will cover a wide range of fields, in particular: UX (blind signature, frontal security), portfolio security (firmware problems, supply chain attacks), intelligent contract security (developer tools, standard libraries), infrastructure (cloud security, dependence management), consensus and safety safety (Risk, Pit Internet infra (DNS in terms of censorship) and more.
(2) Execute On improvements in the intervention areas identified when overview of the cartography. We will work in close collaboration with the ecosystem to implement short -term fixes and allocate investments to longer -term improvement projects.
(3) Communicate More effectively on Ethereum’s safety. Users of all kinds should be able to understand, use and benefit from the Strong Security Foundation of Ethereum. Everyone should be able to assess Ethereum safety standards and compare them to other inherited blockchains and systems.
Who will contribute to this project?
At the Ethereum Foundation, the project will be motivated by Fredrik Svantes (security protocol) and Josh Stark (EF Management Team) as initial project presidents.
They will be supported by three ecosystem commissioners who will help guide the project and provide comments and advice.
Samczsun
Samczsun is the founder of the Security Alliance (SEAL) and works with leading technologists and researchers to secure the future of crypto. He made his Crypto debut by revealing in a responsible manner of dozens of critical vulnerabilities through various protocols and by publishing technical writings. He is also security advisor at Paradigm.
Mehdi Zerouali
Mehdi is co-founder and director of Sigma Prime, a main security and research company Blockchain. Mehdi has been in the offensive information security industry for over 15 years and has carried out hundreds of security assessments targeting infrastructure and critical applications. With Sigma Prime, Mehdi leads a team of security engineers dedicated to the blockchain area, helping important projects to secure their decentralized protocols.
Zach Obut
Zach is the co-founder of Etherealize, where he builds products to move global financial infrastructure on Ethereum. He directed the initial construction of succinct OP, the first full version of the proof of ZK validity of the Pile OP. Zach has been working on web3 Security since 2022, leader of audit competitions, working on private audits and discovery of critical bugs to help secure the ecosystem.
We want your help!
Obtaining security of a trillion of dollars is only possible with the support of the Large Ethereum ecosystem.
We want your point of view and entry to the place where Ethereum’s safety must improve. Whether you are an individual user or a security audit firm, we want to hear from you!
If you or your organization want to contribute to contribute, please do it via This form Where we collect answers to help light our work.
If you are interested in sharing more information, we are eager to have more in -depth discussions with stakeholders through the ecosystem. You can reach us at trilliondollarsecurity@ethereum.org
