Ethereum Foundation Cranks Up Security With “Trillion Dollar” Upgrade

Phase 2 is here: better wallets, safer contracts, no more blind signing. EF wants ETH ready for billions of users and trillions in capital.

⚡ Quick Hits

• 🛡️ Initiative: Trillion Dollar Security (1TS), Phase 2
• 💳 Wallet Standard: Minimum security benchmarks for key handling + approvals
• 👀 Blind Signing: Attack target → human-readable decoding & simulations coming
• 🧑‍💻 Developers: Open-source database of known vulnerabilities
• 📈 Goal: Make Ethereum safe for billions of users & trillions in value

🔐 Wallets: The First Line of Defense

The Ethereum Foundation (EF) says it bluntly: if wallets aren’t safe, nothing else matters.

That’s why Phase 2 introduces a Minimum Security Standard for wallets. Expect:

• Clear, transparent interfaces
• Compromise-resistant UX (no dark patterns, no “approve all” traps)
• Built-in privacy support
• Smarter rules for approvals & key handling

💡 Enter Walletbeat — a framework that tests wallets against these standards and tells users which ones actually protect them.

👀 Killing Blind Signing

Blind signing = the crypto version of signing a contract blindfolded. And it’s still everywhere.

EF’s new roadmap:

• Transaction decoding → human-readable “this contract will swap 100 USDC for 0.05 ETH” instead of gibberish.
• Simulation previews → see what happens before you click approve.
• Revisiting proposals like ERC 4430, EIP 7730, and EIP 719.
• Even in-protocol upgrades to harden security at the chain level.

The mission: no more blind trust, no more gotchas.

🧑‍💻 Developers, You’re Up

Phase 2 isn’t just about wallets — EF is launching an open-source database of known smart contract vulnerabilities.

Auditors, white-hats, and researchers can contribute. Builders can check code before deploying.

Think of it as GitHub meets an antivirus library for Solidity.

🧭 Beyond the Basics

EF’s to-do list also includes:

• Simplified wallets → normie-friendly, with payments, swaps, and key recovery baked in.
• Enterprise wallets → privacy, compliance, censorship-resistance for institutions.

Short term = quick UX wins. Long term = layered security waves that eventually touch every corner of the Ethereum stack.

🧠 Bigger Picture

Ethereum isn’t just securing apps — it’s securing a trillion-dollar economy.

Phase 2 of 1TS is about turning Ethereum from a power-user playground into infrastructure the next billion people can trust.

The takeaway: blind signing, shady wallet UX, and sloppy contract code are on borrowed time.

TL;DR

• EF launches Phase 2 of Trillion Dollar Security.
• Minimum wallet standards + Walletbeat scorecard.
• Transaction decoding & simulations to end blind signing.
• Open-source database of smart contract vulnerabilities.
• Focus = Ethereum safe enough for billions of users, trillions in value.