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Ethereum represents the most protected blockchain framework. This is the result of a decade of advancements and revisions across every tier of Ethereum’s technological architecture, from wallet user experience to developer resources to consensus protocol security.
However, merely being the most secure platform in the cryptocurrency realm is insufficient. Ethereum’s aspirations extend much further: to become civilization-scale infrastructure that reliably supports the internet and the global economy, exceeding the safety and reliability of existing legacy systems.
Today we are unveiling the Trillion Dollar Security initiative, a holistic effort to enhance Ethereum’s protection to assist in transitioning the world onchain.
Achieving “Trillion Dollar security” signifies a world where:
- Billions of people are at ease storing over $1000 onchain, collectively resulting in trillions of dollars secured on Ethereum.
- Corporations, organizations, or governments are willing to store more than 1 trillion dollars of value within a single contract or application.
What will the 1TS project achieve?
This initiative comprises three elements:
(1) Cataloging the landscape of security strengths and avenues of attack across all domains and layers of Ethereum’s technological architecture. We will collect insights from throughout the ecosystem and synthesize this into a security overview document that will guide us in identifying key areas of focus.
This cataloging will encompass a broad spectrum of domains, including: UX (blind signing, frontend protection), wallet safety (firmware vulnerabilities, supply chain intrusions), smart contract integrity (developer tools, standard libraries), infrastructure (cloud protection, dependency oversight), consensus and protocol defense (DOS threats, stake centralization), internet infrastructure (DNS-level censorship), and beyond.
(2) Implementing enhancements in the focal areas identified during the cataloging overview. We will collaborate closely with the ecosystem to execute immediate high-impact solutions and allocate resources for longer-term enhancement projects.
(3) Promoting more effectively regarding Ethereum’s security. Users of all varieties should grasp, utilize, and reap the benefits of Ethereum’s robust security foundation. Anyone should be able to assess Ethereum’s security benchmarks and compare these with other blockchains and established systems.
Who will participate in this project?
At the Ethereum Foundation, the project will be led by Fredrik Svantes (Protocol Security Lead) and Josh Stark (EF management team) as the initial co-chairs of this initiative.
They will be assisted by three ecosystem stewards who will guide the project and offer insights and recommendations.
samczsun
samczsun is the creator of the Security Alliance (SEAL) and collaborates with top technologists and researchers to ensure the future of cryptocurrency. He initiated his journey in crypto by responsibly disclosing numerous critical vulnerabilities across various protocols and publishing technical documentation. He also serves as a security advisor at Paradigm.
Mehdi Zerouali
Mehdi is a co-founder & director of Sigma Prime, a prominent blockchain security and research firm. Mehdi has been immersed in the offensive information security domain for over 15 years and has performed hundreds of security evaluations targeting critical infrastructure and applications. With Sigma Prime, Mehdi leads a team of security engineers dedicated to the blockchain sector, assisting prominent projects in securing their decentralized protocols.
Zach Obront
Zach is a co-founder of Etherealize, where he is developing products to transition global financial frameworks onto Ethereum. He led the initial development of OP Succinct, the first complete ZK validity proof version of the OP stack. Zach has been engaged in web3 security since 2022, directing audit competitions, conducting private audits, and identifying critical bugs to enhance the ecosystem’s safety.
We need your assistance!
Attaining Trillion Dollar Security is feasible only with the backing of the vast Ethereum ecosystem.
We seek your insights and suggestions on where Ethereum’s security requires enhancement. Whether you are an individual user or a security auditing agency, we want to hear from you!
If you or your organization are keen on providing input, please do so through this form where we are collecting feedback to inform our progress.
If you are interested in sharing further insights, we are eager for more comprehensive discussions with stakeholders across the ecosystem. You can contact us at trilliondollarsecurity@ethereum.org
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