The Ethereum Foundation has released the first report of its “Trillion Dollar Security” (1TS) initiative, which outlines the roadmap for addressing security challenges. Here is a rewrite:
The Ethereum Foundation has launched the first 1TS report. This report is part of the foundation’s most comprehensive security initiative so far. It maps out the crucial risks that Ethereum must address to support trillions of dollars in global on – chain value.
The 1TS report focuses on six core areas: user experience, smart contracts, infrastructure, consensus, incident response, and governance. It points out that due to poor wallet user experience, blind signing, and inconsistent permission controls, much of Ethereum’s security burden still lies with end users. Smart contract security, although improved, still has risks such as upgrade risks, access control failures, and low adoption of formal verification. Dependencies on centralized infrastructure, like RPC providers, DNS, and cloud hosts, undermine Ethereum’s decentralization guarantees. At the protocol level, validator centralization and unclear recovery procedures are concerns. Ethereum also faces limitations in monitoring, coordination, and recovery, which affect its ability to respond to threats. In addition, the report warns that Ethereum’s social layer, including its network of developers, institutions, and cultural norms, is a potential attack vector.
This report will serve as a fundamental roadmap for the next stage of Ethereum’s security improvements. It aims to guide the Ethereum community in enhancing the security of the Ethereum ecosystem and ensuring its long – term development and stability.
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