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Ethereum Foundation Launches Security Audit Subsidy Program
Deep Tide TechFlow News, April 14th, Ethereum Foundation (Ethereum Foundation) in collaboration with Nethermind (Ethereum infrastructure developer), Chainlink Labs (on-chain data service provider), Areta.io (smart contract auditing organization), and several top auditing agencies, launched the Trillion Dollar Security Initiative, jointly introducing the Ethereum Security Subsidy Program, providing a total of $1 million in security audit subsidies for Ethereum developers. The program aims to reduce security audit costs, improve developers’ access to auditing services, and further strengthen the security of the Ethereum ecosystem. Audit applications will be jointly reviewed by the aforementioned organizations, supporting CROPS (On-Chain Resource Optimization Project) and new use case projects. Security audits are considered industry best practices, but they are costly; this initiative helps promote more projects to adopt auditing services.