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The Ethereum Foundation Launches Audit Subsidy Program to Reduce Developer Security Costs

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Ethereum news broke on April 14 as the Ethereum Foundation launched the 'Ethereum Audit Subsidy Program' via X. The initiative, part of the 'Trillion Dollar Security Initiative,' partners with Nethermind, Chainlink Labs, and Areta to reduce audit costs for developers. High audit fees often increase the risk of security breaches, and the program aims to lower barriers, foster project innovation, and enhance Ethereum’s security.

ME News reports that on April 14 (UTC+8), the Ethereum Foundation announced on X the launch of the "Ethereum Audit Subsidy Program," partnering with multiple audit and infrastructure organizations to provide financial subsidies for security audits, aiming to enhance the overall security of the ecosystem. Spearheaded by the Ethereum Foundation’s Trillion Dollar Security Initiative and implemented in collaboration with Nethermind, Chainlink Labs, Areta, and others, the program evaluates and reviews eligible project applications. The Ethereum Foundation noted that while security audits are an industry best practice, they come with high costs; this initiative seeks to lower barriers to entry and support the deployment of more innovative use cases and projects within the Ethereum ecosystem. (Source: ODAILY)

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