James Richardson
The Ethereum Foundation (EF) has taken a bold step toward fortifying the world’s most prominent DeFi blockchain, releasing its first “Trillion Dollar Security” (1TS) report. This comprehensive assessment highlights six critical vulnerabilities the network must address to remain resilient under increasing global financial pressures.
The report singles out the following focus areas:
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User experience (UX)
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Smart contract security flaws
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Cloud infrastructure reliance
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Consensus protocol robustness
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Monitoring capabilities
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Governance and incident response
In a blog post accompanying the report, the EF stated that this first phase is dedicated to mapping existing challenges. The next step, they noted, is to prioritize these issues, identify practical solutions, and collaborate with the broader Ethereum ecosystem to implement them.
“This first report is focused on identifying and mapping the problems and challenges that remain,” the foundation explained. “The next step will be to choose the highest priority issues, identify solutions, and work with the ecosystem to address them.”
The 1TS framework, launched in mid-May, is designed as a three-stage strategy aimed at elevating Ethereum’s core security infrastructure. Beyond flagging weaknesses, the plan also stresses the need for more transparent and efficient communication within the Ethereum community.
Internal Restructuring Signals Renewed Focus
The release of this report follows major organizational changes within the EF, particularly in the protocol research and development (R&D) division. Earlier this month, the foundation revealed a series of layoffs and leadership updates intended to streamline operations and accelerate development progress.
New Leadership and Treasury Overhaul Announced
In another strategic move, the Ethereum Foundation named Aya Miyaguchi, a long-time member and former executive director, as its new president. Simultaneously, EF introduced a revamped treasury management model to optimize resource allocation and enhance transparency in spending.
These developments come after increasing community criticism regarding EF’s pace of research and its overall direction. The recent announcements appear to address these concerns while setting the stage for more accountable and agile governance.
