The Ethereum Foundation (EF) has announced its plans for the next phase of the Trillion Dollar Security (1TS) project, following an ecosystem survey to identify the most pressing issues in Ethereum’s infrastructure. In a blog post on August 20, the EF stated that the first actions of the security initiative will primarily focus on improving user experience (UX) issues. The post stated, “During this initial phase, we will be implementing a range of measures to address critical areas of UX security. This work will consist of a combination of short-term, high-impact actions and long-term projects that we anticipate will continue for years to come.”
The 1TS project was first launched in May with the goal of enhancing network security and promoting wider adoption of on-chain transactions. The program will be rolled out in several phases, with the first phase taking place over the next few weeks and months. One of the main efforts will be the establishment of a “Minimum Security Standard” for Ethereum wallets. The EF explained that secure UX is crucial, as users must be able to safely manage their keys, sign transactions, and understand the actions they approve in decentralized applications. The proposed standard will include features such as transparent transactions, interfaces that are resistant to compromise, privacy-preserving architecture, and rules for governing wallet behavior, such as approval management and key handling. To support this effort, the non-profit has awarded a grant to Walletbeat, which will help develop the benchmark and assess it.
The EF also highlighted blind signing as a major issue in UX security, where users are often asked to approve transactions without fully understanding them. To address this, the foundation plans to promote transaction decoding, which would present human-readable details instead of raw code, and expand the use of transaction simulations that preview clear outcomes before approval. The post also revealed that the EF has initiated several research projects aimed at improving transaction transparency in wallets. This includes setting new standards to make transactions easier to interpret, revisiting past proposals, and making simulation tools more reliable and widely available, as well as exploring potential in-protocol security upgrades.
The EF also plans to take action to help developers avoid deploying vulnerable code, which could help reduce the number of compromised smart contracts. This will involve creating an open-source database of relevant vulnerabilities where programmers can check their code against known issues before deployment. The survey also highlighted the demand for simpler wallets designed for non-technical users and enterprise-focused apps with features such as privacy, censorship resistance, and compliance options.
The EF’s announcement comes a few months after Ethereum co-founder Vitalik Buterin outlined a roadmap for the ecosystem that focuses on L1s, blobs, and user experience, according to SEO standards.
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