DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Aug 21, 01:06 AM
Ethereum Foundation Advances Phase Two of Trillion Dollar Security Plan with Wallet UX Overhaul and $1 Million Influencer Payout
Blockchains
Crypto

Ethereum Foundation Advances Phase Two of Trillion Dollar Security Plan with Wallet UX Overhaul and $1 Million Influencer Payout

Authors
  • Cointelegraph
  • The Block
  • Beanie
7

The Ethereum Foundation has advanced its "Trillion Dollar Security" initiative to phase two, emphasizing improvements in user experience and wallet security across the Ethereum ecosystem. This phase focuses on enhancing wallet user interfaces by eliminating blind signing and opaque transactions, implementing minimum security standards, and developing vulnerability databases to prevent smart contract exploits. In support of this effort, the Foundation has partnered with an application to distribute one million dollars to influencers. Additionally, infrastructure improvements such as the rollout of multi-region wallet infrastructure by Privy have resulted in 50-75% faster transaction signing globally, contributing to a more secure and efficient user experience.

Written with ChatGPT (GPT-4).

Additional media

Image #1 for story ethereum-foundation-advances-phase-two-trillion-dollar-security-plan-wallet-ux-1-5d749f97
Image #2 for story ethereum-foundation-advances-phase-two-trillion-dollar-security-plan-wallet-ux-1-5d749f97
Image #3 for story ethereum-foundation-advances-phase-two-trillion-dollar-security-plan-wallet-ux-1-5d749f97