The Ethereum Foundation (EF) has unveiled the Safety Initiative (1TS) of billions of dollars, a long -term plan to increase Ethereum safety standards in accordance with its growing importance in global finance.
The Foundation said it aims to position Ethereum as a network capable of securely holding billions of dollars in assets for individuals and institutions.
According to the Foundation, the future of Ethereum requires that it increases security to a point where billions of users can safely store $ 1,000 to each channel. At the same time, he must also offer infrastructure to organizations to manage with confidence up to 1 dollars billion in a single intelligent contract or a decentralized application.
Fredrik Svantes, head of the security of the EF protocol, and Josh Stark of the management team of the Foundation will put the spearhead of the 1TS program.
They would be supported by three recognized experts in industry in industry, notably Samczsun, founder of the Security Alliance and ParadigM Advisor; Mehdi Zerouali, co-founder of Sigma Prime; and Zach Obrast, co-founder of Etheraalize and contributor to OP Succincy.
Initiative 1TS of the Ethereum Foundation
The 1TS initiative will follow a process in three stages of vulnerability mapping, improving improvements and communication communication.
The cartography phase will assess the technological battery of Ethereum to identify vulnerabilities and forces.
According to the Foundation:
“This map will cover a wide range of domains, in particular: UX (blind signature, frontal security), portfolio security (firmware problems, supply chain attacks), intelligent contract security (developer tools, standard libraries), infrastructure (cloud safety, dependence management), Consensus and safety of the protocol (Risks Centralsalization), Internet Internet (DNS Cennship level). ”.
This step would also increase the contribution of the Ethereum ecosystem and compile it in a complete overview of security.
Once the cartography is finished, the foundation will focus on upgrading the network. These changes will target pain points discovered during the initial phase and strengthen Ethereum central infrastructure without compromising usability or decentralization.
Finally, the Foundation plans to communicate its progress in a transparent and easy to understand way. This will help users and institutions to assess Ethereum security posture and compare it against other blockchain networks.
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