On June 10, the Ethereum Foundation announced last month the “Trillion-Level Security” (1TS) initiative, an ecosystem-level effort to upgrade Ethereum’s security, and today released the first 1TS report to outline existing security challenges in the Ethereum ecosystem. The Security Challenges Overview report outlines challenges in 6 key areas:
User Experience: Issues affecting user security management of private keys, interaction with on-chain applications, and signing transactions.
Smart Contracts: The security of the smart contract components of Ethereum applications and the shaping of their software production lifecycle;
Infrastructure and Cloud Security: Infrastructure issues that Ethereum applications rely on (including cryptocurrency-specific and traditional infrastructure), such as L2 chains, RPC, cloud hosting services, etc.;
Consensus Protocol: The security features of the core protocol that protect the Ethereum blockchain from attacks or manipulation;
Monitoring, incident response, and mitigation: Challenges faced by users and organizations in addressing security vulnerabilities, especially in recovering funds or managing subsequent impacts.
Social Layer and Governance: Ethereum’s open-source governance, community, and organizational ecosystem.
The foundation stated that the 1TS project will use this report to select the highest priority issues and work with the ecosystem to address them.
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The Ethereum Foundation released its first trillion-level security report focusing on six major security challenges.
On June 10, the Ethereum Foundation announced last month the “Trillion-Level Security” (1TS) initiative, an ecosystem-level effort to upgrade Ethereum’s security, and today released the first 1TS report to outline existing security challenges in the Ethereum ecosystem. The Security Challenges Overview report outlines challenges in 6 key areas:
User Experience: Issues affecting user security management of private keys, interaction with on-chain applications, and signing transactions.
Smart Contracts: The security of the smart contract components of Ethereum applications and the shaping of their software production lifecycle;
Infrastructure and Cloud Security: Infrastructure issues that Ethereum applications rely on (including cryptocurrency-specific and traditional infrastructure), such as L2 chains, RPC, cloud hosting services, etc.;
Consensus Protocol: The security features of the core protocol that protect the Ethereum blockchain from attacks or manipulation;
Monitoring, incident response, and mitigation: Challenges faced by users and organizations in addressing security vulnerabilities, especially in recovering funds or managing subsequent impacts.
Social Layer and Governance: Ethereum’s open-source governance, community, and organizational ecosystem.
The foundation stated that the 1TS project will use this report to select the highest priority issues and work with the ecosystem to address them.