The Ethereum Foundation (FE), the agency that ensures the security and evolution of intelligent contract networks, is launching phase 2 of its $1 billion security project. In a blog published on August 20th, the EF team claims they have surveyed the community that they can act on issues of the highest priorities facing Ethereum.
Now is the time to begin the next phase of this initiative. Addresses the most priorities we face. This first phase of stocks will focus primarily on the user experience (UX). Our study showed that these are the most urgent issues faced by both individual and institutional users of Ethereum and Ethereum-based applications.
Ethereum Foundation.
The $1 billion security project initiative was announced in May 2025. The announcement states that the project’s mission is that billions of users “feeling comfortable storing chains worth over $1,000.”, Participates between all the $1 billion on Ethereum Network.
What is Phase 2 of the Ethereum Foundation project?
The intent of phase 2 EF is as follows: Create a clear and secure environment for Ethereum address management. Interaction between the same transaction company and chain applications.
To do this, they are in the process of creating a minimum safety standard for your wallet. The above standards prioritize the following characteristics:
- Transparent transactions.
- Commitment Resistant Interface.
- An architecture that supports privacy.
- The criteria for wallet behavior.
According to EF, behavioral standards ensure that users’ compliance with specific actions and processes is similar or identical in different wallets across the Ethereum ecosystem.
We believe that the minimum safety standards for wallets will help address two aspects of this issue. First, we provide a trusted guide to our common users to select only wallets that meet this criteria (…). To achieve this effectively, the standards must be very strict and must be raised regularly, as the ecosystem develops new security features or new threats are detected. Second, this standard encourages wallet equipment to prioritize features that are important to maintain compliance.
Ethereum Foundation.
The Foundation ensures that WalletBeat, the protocol that prepares and reviews Cryptocurrency Wallets, receives grants for the development of this standard. “Wallet Beat is a collaborator of this community standard and an organization that helps us make efforts to measure wallets in relation to standards,” the Ethereum Foundation reports.
Another basic user experience (UX) issue that EF will resolve It has something to do with blind companies (Blind Song). As reported by Cryptonotics, the weaknesses of blind companies have several consequences. One of them is to sign a fraudulent intelligent contract with no knowledge.
EF claims to have identified ways to address this issue, such as deciphering gloss transaction data and translating it into human-readable explanations. The Foundation will promote the work of the Verifier Alliance (VERA) for the advancement in eradicating blind companies.
In this sense, EF is also launching a research project that can “unlock new ways to transparentize transactions within wallets.”
UX work is not appropriate, but a billion security projects are trying to create an open source database for intelligent contract vulnerabilities, It helps reduce Ethereum infringement contracts.
(tagstotranslate) ethereum (eth)