The Ethereum Foundation is prioritizing security within its ecosystem. On Tuesday, it announced a new program to address the high costs associated with smart contract security audits.
The 'Audit Subsidy Program' collaborates with top audit providers and ecosystem firms to make professional security audits more accessible to developers. With a $1 million subsidy, the program aims to reduce financial barriers that have historically prevented many teams from conducting comprehensive audits. This initiative is part of the foundation's Trillion Dollar Security Initiative, focusing on strengthening Ethereum's security as it scales. The program has partnered with firms like Nethermind, Chainlink Labs, and Areta, connecting builders with over 20 leading audit firms.
Alongside this, the foundation introduced the 'CROPS principles' framework, emphasizing censorship resistance, open source, privacy, and security in application development and evaluation. Developers can submit their projects for review, and selected teams will receive subsidies for audit services via Areta's platform. The program is open to all Ethereum mainnet developers, regardless of project size or stage.