According to CoinWorld news, the Ethereum Foundation's "Trillion Dollar Security Plan" has begun to take shape, with the organization announcing the first batch of action plans on Wednesday. In a post, the Foundation stated: "In the first wave of actions, we will launch a series of work focused on key areas of user experience security. The work we are starting today combines high-leverage short-term actions and long-term projects that we expect will last for years. We plan to regularly launch new rounds of projects over time to address different prioritized security areas." The Ethereum Foundation (EF) first announced its "Trillion Dollar Security Plan" in May. A few weeks before this initiative was announced, the Foundation and Ethereum co-founder Vitalik Buterin outlined the new board structure of the organization to attract new users while expanding the largest DeFi network (by total locked value), all while maintaining its cypherpunk values. The goal is to enhance the security of Ethereum and enable the blockchain to handle "billions of users and trillions of dollars in on-chain capital." Through the first wave of actions, the Foundation will focus on issues such as wallet security and blind signing. The Foundation stated: "For all Ethereum users, the wallet user experience is the starting point for security. If users cannot securely manage keys, sign transactions, and interact with on-chain applications, then they cannot securely use Ethereum." Developers and contributors will work to establish minimum security standards for wallets. Similarly, in terms of wallets, respondents in a survey indicated that existing wallets often cater to tech-savvy users. Therefore, the Foundation is seeking ideas on how to reach "non-technical users" who wish to use wallets for "easy transactions with friends and businesses." The Foundation will also address the issue of blind signing, in which "users are often expected to sign transactions without understanding what those transactions will do." One mentioned solution includes wallets displaying the "raw transaction data" represented as code translated into a "human-readable description," detailing what the transaction will do. The Ethereum Foundation stated that this work will continue: "As these projects gain momentum in the coming weeks and months, we will shift our attention to the next wave of priorities, focusing on other areas." Fredrik Svantes, the Foundation's protocol security lead, and Josh Stark from the management team co-chair the "Trillion Dollar Security Plan."

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