{"id":129258,"date":"2025-05-14T22:23:33","date_gmt":"2025-05-14T22:23:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129258"},"modified":"2025-05-14T22:23:33","modified_gmt":"2025-05-14T22:23:33","slug":"ethereum-foundation-unveils-security-initiative-to-supplant-legacy-systems","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129258","title":{"rendered":"Ethereum Foundation unveils security initiative to supplant legacy systems"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of an ongoing push to strengthen Ethereum&#8217;s role in programmable digital assets.<br \/>\nFredrik Svantes, a protocol security research lead, and Josh Stark from the Ethereum Foundation management team will be the initial co-chairs of the initiative. Three contributors to the Ethereum ecosystem \u2014 samczsun, Medhi Zerouali, and Zach Obront \u2014 will help guide the project.<br \/>\nCalled the Trillion Dollar Security Initiative, the effort seeks to analyze, improve, and communicate to Ethereum developers areas where security can be improved, including user experience, wallet security, smart contract security and infrastructure.<br \/>\nAccording to DefiLlama, Ethereum still is the leading ecosystem for decentralized finance (DeFi), having held between 50-60% of the total value locked across all blockchains since May 2022. The network&#8217;s TVL stands at nearly $80 billion as of May 14.<br \/>\nBlockchains by total-value-locked. Source: DefiLlama\u201cAchieving Trillion Dollar Security is only possible with the support of the broad Ethereum ecosystem,\u201d the Foundation said in a statement. \u201cBillions of individuals are each comfortable storing more than $1,000 onchain, collectively amounting to trillions of dollars secured on Ethereum,&#8221; it added.<br \/>\nRelated: Vitalik Buterin outlines vision as Ethereum ecosystem addresses hit new high<br \/>\nEthereum rebounds with Pectra upgrade<br \/>\nEthereum\u2019s struggles during this bull market have been well-documented. It has suffered from low traffic and a lack of attention-grabbing use cases, and its layer-2 chains that make Ethereum faster have been plagued by bad UX. But then came the Pectra upgrade.<br \/>\nPectra, Ethereum\u2019s most significant upgrade since The Merge, has delivered three key improvements, including external accounts as smart contracts, increased staking limits and data blobs per block.<br \/>\nEthereum\u2019s native token (ETH) price has risen significantly since the upgrade, jumping over 43% since May 7.<br \/>\nMagazine: Comeback 2025 \u2014 Is Ethereum poised to catch up with Bitcoin and Solana?<a href=\"https:\/\/cointelegraph.com\/news\/ethereum-foundation-unveils-security-initiative-legacy-systems?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129258"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129258"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129258\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129258"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}