The organization unveiled a new initiative aimed at tackling a persistent challenge in crypto development—the high cost of smart contract security audits.
Ethereum Foundation unveils $1M audit subsidy program to boost crypto security and cut costs for builders
The Ethereum Foundation launched a $1 million subsidy program to address the prohibitive costs of smart contract security audits, which often deter developers from prioritizing security. This initiative primarily affects Ethereum-based project builders who face financial barriers to securing their smart contracts against exploitable vulnerabilities. Without audits, projects risk financial losses from hacks, exploits, or unintended functionality in deployed contracts.