The Ethereum Foundation has released a comprehensive report outlining major areas where the network needs to improve

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.

The Ethereum Foundation has released a report highlighting key areas where the network needs to improve to support wider global use.

The Trillion Dollar Security (1TS) initiative is focused on identifying and addressing weaknesses and risks within the Ethereum system. It also aims to better manage information and reduce complexity to support the efficient operation of the network.

The report, titled "Mapping the Problems: A Trillion Dollar Security Grand Challenge," presents a roadmap for strengthening Ethereum's infrastructure and safeguarding the vast value it holds.

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.

"We need to simplify the user experience and provide better tooling to lower the barrier to entry for new users and reduce common user errors," the report said.

It also highlighted the aspect of infrastructure and cloud security 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.

"We must secure the infrastructure and tooling that underpins smart contracts, including cloud providers, application network connection points, and Layer 2 networks," the report added.

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.

"We need to be able to detect, monitor, and respond to incidents more effectively. This includes developing better tooling and frameworks for incident management and coordinating responses across the ecosystem more efficiently."

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.

"This report serves to map out the problems and challenges that remain in achieving $1T in on-chain value secured. In the next stage of this work, we will select the highest priority issues, propose solutions, and work with the ecosystem to address them collectively."

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, including reducing staff and changing some leaders.

Ethereum Market Trends Reflect Growing Interest

Alongside these structural updates, Ethereum's recent price action has seen it break out of a month-long trading range, leading to interest from blockchain analytics firm Glassnode. They noted that during this period of consolidation, 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 observed a sharp rise in short-term Ethereum options, indicating that people are preparing for risks or a potential price jump.

If improvements are made to simplify Ethereum and render it more user-friendly, it could serve to increase the demand for ETH. Some analysts believe ETH could reach $3,000 soon.