The Ethereum Foundation's "Trillion Dollar Security" initiative focuses on improving UX.

According to CoinWorld, the Ethereum Foundation's "trillion-dollar security plan" is taking 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 initiate a series of efforts focusing on key areas of user experience security. The work we are starting today combines high-leverage short-term actions with long-term projects that we expect to last for years. We plan to regularly launch new rounds of projects to address different priority security areas over time." 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 organization's new board structure to attract new users while maintaining its cypherpunk values as it expands the largest DeFi network (measured by total value locked). 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 secret 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, a survey of respondents indicated that existing wallets often cater to technically proficient users. Therefore, the foundation is soliciting 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, where "users are typically expected to sign transactions without understanding what these transactions will do." One proposed solution includes showing the "raw transaction data" translated into a "human-readable description" in the wallet, 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 turn our attention to the next wave of priorities, focusing on other areas." The foundation's protocol security lead Fredrik Svantes and management team member Josh Stark co-chair the "trillion-dollar security plan."