Key notes
- The Ethereum Foundation has set a new goal to obtain billions of chain assets.
- The new initiative will focus on portfolios, intelligent contracts and public education.
- The leading experts and advisers will guide the effort in several stages to re-concentrate Ethereum as a leading chain.
The Ethereum Foundation has launched a new security initiative to make the network more secure and reliable worldwide. As shared by the Foundation, the “Safety of billions of dollars” project intends to ensure that Ethereum can safely manage billions of dollars of value, whether individuals or institutions.
The Ethereum Foundation aims at global security
The Ethereum Foundation has acquired a reputation for the most secure blockchain of the digital asset ecosystem. This success results from more than ten years of work on various layers of technology. Likewise, progress has been consistent, from building a user experience in portfolios to the creation of more secure developer tools. It also included the strengthening of consensus protocols.
Coinspeaker has recently highlighted the impressive growth of the Ethereum market. This growth shows how the market capitalization of the part has exceeded $ 308 billion. With this important step, Ethereum overthrew large companies like Coca-Cola, Alibaba and Hermès. Ethereum
Ethn
$ 1,845
24h volatility:
2.6%
COURTIC CAPESSION:
$ 222.72 B
Flight. 24 hours:
$ 14.22 B
Added $ 700 million to its market capitalization in just one week, pushing it over these industry giants.
According to its latest update, the Ethereum Foundation sets a new objective to prepare Ethereum for even larger growth trends. According to the update, the plan is to build a system where billions of users feel safe by keeping their chain funds. Everyone should be comfortable to store more than a thousand dollars on the protocol.
It was also noted that this would add to the billions of dollars guaranteed in Ethereum. The Ethereum Foundation has also noted that it aims to make institutions, businesses and governments confident enough to keep more than one dollars Billion in a single contract or intelligent application.
The initiative will follow three key stages. First, it will assess Ethereum’s safety in terms of portfolio security, smart contracts and internet threats. The contribution will be collected through the ecosystem.
Then he will address the security gaps according to the evaluation. Certain changes will be rapid, while others may need more time and resources, with collaboration through the ecosystem.
Finally, there will be a stronger push to explain Ethereum’s safety to the public. This means helping users and institutions to understand network forces and the way she compared to other traditional blockchains and financial systems.
Security initiative to be led by experts
According to the update, Fredrik Svantes and Josh Stark will direct the project within the Foundation. They will be supported by three external advisers with years of experience in blockchain safety.
One of the advisers is Samczsun, who is known to reveal important defects in cryptography protocols and founded Alliance security. Another advisor, Mehdi Zerouali, is the co-founder of Sigma Prime and has more than fifteen years of experience in offensive security and blockchain audits.
The third advisor, Zach Obut, works on tools to move financial infrastructure on Ethereum. He also participated in audit competitions and zero knowledge test systems.
It should be noted that this initiative occurs shortly after the Ethereum Foundation has published its financing report and added new leaders to its team. On April 28, Hsiao-Wei Wang and Tomasz K. Stanczak were appointed co-executive co-executive. This change in leadership separates daily long -term strategic planning operations.
Following the announcement of the billion dollar security initiative, the Foundation asked contributions to users, developers and security teams. Their comments will help shape the orientation of this vital effort to secure Ethereum for the future.
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Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
