The project aims to enable billions of users to securely store over $1,000 each onchain and support single contracts holding more than $1 trillion. It responds to the growing demand for blockchain infrastructure capable of underpinning global financial systems.

Phase one involves mapping security risks across Ethereum’s technology stack, including wallet UX, smart contracts, consensus protocols, and internet infrastructure. A report will identify vulnerabilities like blind signing, stake centralization, and dependency management gaps.

Phase two focuses on implementing fixes, prioritizing urgent issues, and funding long-term upgrades. Phase three aims to improve public communication about Ethereum’s security standards, allowing users to compare them against traditional systems.

Fredrik Svantes and Josh Stark of the Ethereum Foundation will lead the initiative, supported by security experts samezsun (SEAL), Mehdi Zerouali (Sigma Prime), and Zach Obront (Etherealize). These stewards bring experience in protocol audits, infrastructure hardening, and decentralized finance security.

The initiative aligns with Ethereum’s broader goal to become foundational internet infrastructure. No timeline or budget was disclosed, but the Foundation emphasized collaboration with developers and researchers to address evolving threats.

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