Ethereum News Today: Ethereum Aims to Solve Blind Signing with Human-Readable Transaction Tools

Ethereum has initiated Phase 2 of its Trillion Dollar Security initiative, a multi-layered effort to improve wallet security and user experience for both individual and institutional participants in the Ethereum ecosystem. The initiative, launched by the Ethereum Foundation, follows extensive research and stakeholder feedback to prioritize the most pressing security and usability challenges. A key focus of the current phase is to address blind signing, a practice where users approve transactions without fully understanding their contents, which remains a critical vulnerability in the space.

Central to the initiative is the development of a “Minimum Security Standard” for Ethereum wallets, aiming to establish a baseline for secure key management, approval flows, and privacy protections. This standard is expected to evolve as new threats emerge and the ecosystem matures. The Ethereum Foundation has awarded a grant to Walletbeat, a project dedicated to auditing wallet security, to help define, measure, and promote compliance with this standard. The approach mirrors the success of L2BEAT in increasing transparency around Layer 2 security properties. Wallet developers are encouraged to align with the new standard to create secure-by-default experiences for users.

To combat blind signing, the foundation is promoting tools that decode raw transaction data into human-readable summaries. This involves leveraging resources like the Verifier Alliance’s database of over eight million smart contracts to enable clearer transaction visibility. The foundation is also exploring the revival of past proposals such as ERC 4430 and EIP 7730 to enhance wallet transparency. Additionally, R&D projects are being initiated to determine whether protocol-level changes can allow for simulated transaction outcomes, offering users real-time insights into the effects of their transactions before execution.

The initiative also emphasizes developer-focused security by creating an open-source vulnerability database that integrates with integrated development environments (IDEs) and other tooling. This database will help developers identify and mitigate vulnerabilities before deploying smart contracts on the Ethereum network. The foundation is calling for collaboration from audit firms, white hat researchers, and tool developers to populate and maintain this resource. While not a direct UX measure, this step is seen as a high-leverage action to reduce the risk of compromised contracts.

The Ethereum Foundation has also expressed interest in fostering innovation in wallet design, particularly for non-technical users and enterprise clients. For non-technical users, the foundation seeks solutions that simplify secure interactions, such as built-in swapping, easy transaction methods, and restore capabilities. For enterprises, privacy, compliance, and censorship resistance are key concerns. The foundation is encouraging community input and collaboration to shape future developments that address these distinct needs.

As part of its long-term vision, the Trillion Dollar Security initiative will continue to roll out in multiple phases, each addressing new security challenges. The Ethereum Foundation has emphasized the importance of sustained community collaboration in building a secure and user-friendly environment. With its multi-faceted approach, the foundation aims to make Ethereum secure at every layer and to protect the billions of users and trillions of dollars of on-chain capital that rely on the platform.

Source: [1] Ethereum Foundation Launches UX-Focused Trillion Dollar Security Push (https://coincentral.com/ethereum-foundation-launches-ux-focused-trillion-dollar-security-push/) [2] Trillion Dollar Security - Phase 2 - Ethereum Foundation Blog (https://blog.ethereum.org/2025/08/20/trillion-dollar-sec-2) [3] The Ethereum Foundation has launched... (https://www.odaily.news/en/newsflash/444348)