TechFlow reports that on April 14, the Ethereum Foundation partnered with Nethermind (an Ethereum infrastructure developer), Chainlink Labs (an on-chain data services provider), Areta.io (a smart contract auditing firm), and several other top-tier auditing firms to launch the Trillion Dollar Security Initiative, introducing the Ethereum Security Subsidy Program. This program offers up to $1 million in security audit subsidies for Ethereum developers. Its goal is to reduce the cost of security audits, improve developers’ access to auditing services, and further strengthen the security of the Ethereum ecosystem. Audit applications will undergo joint review by the aforementioned organizations and support both CROPS (Chain Resource Optimization Projects) and novel use-case projects. While security audits are considered an industry best practice, their high cost has historically limited adoption; this initiative aims to encourage broader uptake of auditing services.
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