The Ethereum Foundation released its first 1TS security report, outlining six key challenge areas.

On June 10, the Ethereum Foundation published a statement indicating that last month it announced the “Trillion-Level Security” (1TS) plan, which is an ecosystem-wide effort aimed at upgrading the security of Ethereum. Today, the first 1TS report was released to outline the existing security challenges in the Ethereum ecosystem. The “Overview of Security Challenges” report outlines challenges in six 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, as well as 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 when dealing with security vulnerabilities, especially in terms of 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 identify the highest priority issues and collaborate with the ecosystem to address them.