Ethereum News Today: Ethereum Aims to Build Bulletproof Wallets for Trillions

Ethereum Foundation has announced the launch of Phase 2 of its "Trillion Dollar Security" initiative, marking a strategic shift toward addressing critical security and user experience (UX) challenges in Ethereum wallets. This phase follows a comprehensive survey of the Ethereum ecosystem to identify the most pressing issues affecting both individual and institutional users. The initiative emphasizes improving wallet standards, transaction transparency, and developer tools to enhance overall security and usability across the Ethereum network [1].

A central focus of this phase is the establishment of a "Minimum Security Standard" for Ethereum wallets. This standard aims to serve as a reference for users to identify wallets that offer robust security features such as transparent transactions, compromise-resistant interfaces, and privacy-supporting architecture. The Ethereum Foundation has allocated a grant to Walletbeat, a project working toward similar goals, to help develop and promote the standard. Walletbeat will also assess wallets against the standard and make security information easily accessible to users [1].

To tackle the issue of blind signing—where users approve transactions without understanding their implications—the Ethereum Foundation is prioritizing technologies that decode raw transaction data into human-readable descriptions. This effort includes promoting the use of open-source resources like the Verifier Alliance (VERA), which maintains a database of over eight million contracts. Wallet teams will be encouraged to utilize these resources to improve transaction transparency. The foundation is also exploring past proposals such as ERC 4430 and EIP 7730 to refine transaction clarity and usability [1].

In parallel, the Ethereum Foundation is advancing the development of tools to help developers avoid deploying vulnerable smart contracts. A key initiative involves building an open-source database of known vulnerabilities, which can be integrated into developer tools to flag potential risks before deployment. The foundation is calling for collaboration from audit platforms, white hats, and other security experts to contribute to this database. By making this information widely accessible, the initiative aims to reduce the number of insecure contracts that could compromise user assets [1].

The Ethereum Foundation is also encouraging the development of wallets tailored for non-technical and enterprise users. For non-technical users, the initiative seeks to introduce user-friendly features such as simplified transaction interfaces, built-in swapping capabilities, and easier wallet restoration. Enterprise users, on the other hand, are being prioritized for wallets that support privacy, censorship resistance, and compliance with institutional standards. The foundation is open to receiving ideas and contributions from the community to refine these solutions [1].

With a long-term vision, the Ethereum Foundation plans to continue rolling out new waves of security-focused projects. Each wave will target different priority areas, with the ultimate goal of making Ethereum secure for billions of users and protecting trillions of dollars in on-chain capital. By fostering collaboration across the ecosystem and leveraging open-source tools, the initiative aims to create a safer, more accessible, and more transparent environment for all Ethereum participants [1].

Source: [1] Trillion Dollar Security - Phase 2 - Ethereum Foundation Blog (https://blog.ethereum.org/2025/08/20/trillion-dollar-sec-2) [2] Ethereum's Trillion Dollar Security Project Enters Phase Two (https://blockchain.news/news/ethereum-trillion-dollar-security-phase-two) [3] Ethereum Foundation launches first phase of "Trillion-Dollar Security" initiative (https://www.bitget.com/news/detail/12560604922191) [4] Ethereum Foundation Launches UX-Focused Trillion (https://coincentral.com/ethereum-foundation-launches-ux-focused-trillion-dollar-security-push/) [5] Ethereum Phase 2 Security Launch Makes Wallets Safer (https://coinfomania.com/ethereum-phase-2-security/)