The Ethereum Foundation has released a comprehensive report outlining major areas where the network needs to improve in order to support wider global use. The newly published Trillion Dollar Security (1TS) report presents a roadmap aimed at strengthening Ethereum’s (ETH) infrastructure and safeguarding the vast value it holds.

Security Priorities Across the Ecosystem

One of the main areas the report focuses on is the user experience. The Ethereum Foundation recognizes how complex the platform can be for everyday users. Tasks like managing digital wallets, safeguarding private keys, using decentralized apps, and signing transactions often feel too technical. To address this, they are pushing for better, simpler tools that make it easier for people to use Ethereum confidently and avoid costly mistakes.

Also, Ethereum’s security depends on smart contracts as well as the infrastructure that supports them. This includes cloud services, connection points that link apps to the blockchain, and Layer 2 networks that help Ethereum handle more activity. Securing these parts is essential to keep the whole ecosystem reliable.

The aspect of infrastructure and cloud security was also highlighted as a critical area. Ethereum relies on systems like cloud services, connection providers, and Layer 2 networks. Keeping these safe is key to the network’s security and reliability.

Additionally, issues related to the consensus protocol, social layer, governance, and security were raised. The Foundation emphasizes the need to improve how incidents like security breaches or system failures are detected and managed. Enhanced monitoring and clearer response plans will enable users and organizations to address problems quickly and effectively.

Next Steps and Broader Goals

Moving forward, the Ethereum Foundation will be tackling main issues alongside the Ethereum community to deliver solutions.

This first report is focused on identifying and mapping the problems and challenges that remain. The next step will be to choose the highest priority issues, identify solutions, and work with the ecosystem to address them.

Ethereum Foundation

Mid-May saw the launch of the 1TS initiative, which is part of a three-part plan to strengthen Ethereum’s security and support its role in global finance. It focuses on identifying and addressing weaknesses and risks within Ethereum’s system. It also aims to better manage information across the Ethereum network to improve safety and efficiency.

The report comes at a time of internal restructuring within the Foundation itself. On June 2, Ethereum made some changes to its research and development team. This included reducing staff and changing some leaders.

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Ethereum Market Trends Reflect Growing Interest

Alongside these structural updates, Ethereum’s recent price action has caught the market’s eye. According to blockchain analytics firm Glassnode, the asset has broken out of a month-long trading range. During this period, investors accumulated roughly 1.3 million ETH between $2,700 and $2,740, with another 800,000 ETH bought near $2,760.

At the time of reporting, Ethereum was priced at around $2,763. The market data platform suggests that if the support range holds, a climb towards $3,420 is technically possible. However, how quickly that level is reached may depend on investor activity in the $2,800 to $3,300 zone.

In the last 48 hours, short-term trading instruments have also seen a spike in activity. Glassnode saw a sharp rise in short-term Ethereum options, showing people are preparing for risks or a price jump.

Should improvements be made to simplify Ethereum and make it more user-friendly, it could lead to a rise in demand for ETH. Some analysts believe ETH could reach $3,000 soon.