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The Ethereum Foundation launched a security initiative aimed at supporting broader adoption of blockchain technologies, according to an announcement made on May 14. This effort is part of ongoing efforts to enhance Ethereum's role in the programmable digital asset space.
Frederik Svantes, Head of Protocol Security Research, and Josh Stark from the Ethereum Foundation's management team, will be the first co-chairs of the initiative. Three contributors from the Ethereum ecosystem - Samchson, Mehdi Zerouali, and Zach Oberont - will help guide the project.
This initiative is called the Trillion Dollar Security Initiative, and it aims to analyze, improve, and connect areas where security can be enhanced to Ethereum developers, including user experience, wallet security, smart contract security, and infrastructure.
According to DefiLlama, Ethereum remains the leading ecosystem for decentralized finance (DeFi), holding between 50% and 60% of the total value locked across all blockchains since May 2022. The network's differential value was nearly 80 billion dollars as of May 14.