🚀 Ethereum launches the next phase of the trillion-dollar security initiative
The Ethereum Foundation (EF) announced the new phase of the Trillion Dollar Security (1TS) project, aimed at enhancing network security and reducing exploitation of smart contracts. 🔒
Key highlights of the initiative:
🛡️ Digital wallet security standards: EF will set minimum security standards for wallets to facilitate secure key management and transaction signing.
👀 Transaction transparency: Tools will be enhanced to present transaction details in a user-friendly manner before approval, to avoid "blind signing".
💻 Open vulnerability database: To help developers avoid deploying risky code by reviewing known vulnerabilities.
👥 User experience consideration: Includes improving the user interface and providing simplified wallets for regular users, and advanced ones for businesses with high privacy and censorship resistance.
This step aims to strengthen network security and encourage safer use of decentralized applications on Ethereum. ⚡