Ethereum Foundation releases 1TS report outlining ecosystem security challenges
the Ethereum Foundation stated in a post last month that it announced the "Trillion Security" (1TS) plan, which is an ecosystem-level effort to upgrade Ethereum security. Today, the first 1TS report was released to outline the existing security challenges in the Ethereum ecosystem. The "Security Challenges Overview" report outlines challenges in 6 key areas:
User experience: issues affecting user security in managing private keys, interacting with on-chain applications, and signing transactions;
Smart contracts: security of smart contract components of Ethereum applications, and shaping their software production lifecycle;
Infrastructure and cloud security: infrastructure issues that Ethereum applications depend on (including those specific to cryptocurrency and traditional infrastructure), such as L2 chains, RPC, cloud hosting services, etc.;
Consensus protocol: security features of the core protocol that protect the Ethereum blockchain from attacks or manipulation;
Monitoring, incident response, and mitigation: challenges that users and organizations face in responding to security vulnerabilities, especially in recovering funds or managing subsequent impacts;
Social layer and governance: Ethereum's open-source governance, community, and organizational ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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