According to the Foundation, Ethereum’s future requires it to scale security to a point where billions of users can safely store $1,000 each on-chain. At the same time, it must also offer the infrastructure for organizations to confidently manage up to $1 trillion within a single smart contract or decentralized application.
Fredrik Svantes, EF’s Protocol Security Lead, and Josh Stark from the Foundation’s leadership team will spearhead the 1TS program.
The 1TS initiative will follow a three-stage process of mapping vulnerabilities, executing improvements, and communicating progress.
The mapping phase will assess Ethereum’s technology stack to identify vulnerabilities and strengths.
According to the Foundation:
“This mapping will span a wide range of domains, including: UX (blind signing, frontend security), wallet security (firmware issues, supply chain attacks), smart contract security (developer tooling, standard libraries), infrastructure (cloud security, dependency management), consensus and protocol security (DOS risks, stake centralization), internet infra (DNS level censorship).”
Once the mapping is done, the Foundation will focus on upgrading the network. These changes will target pain points uncovered during the initial phase and will strengthen Ethereum’s core infrastructure without compromising usability or decentralization.
Finally, the Foundation plans to communicate its progress in a way that’s transparent and easy to understand. This will help users and institutions assess Ethereum’s security posture and benchmark it against other blockchain networks.
