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With Ethereum’s trillion-dollar ambition accelerating, will we witness a wave of “repatriation”?Recommended Articles | Bee Network

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With Ethereum’s trillion-dollar ambition accelerating, will we witness a wave of “repatriation”?Recommended Articles | Bee Network Login Berita Trending Meme Launchpad Agen AI DeSci Penjelajah Rantai Atas Untuk Newbee 100x Koin Permainan Lebah Situs Web Penting APLIKASI yang Harus Dimiliki Selebriti Kripto DePIN Pemula Penting Detektor Perangkap Alat Dasar Situs Web Tingkat Lanjut Pertukaran Alat NFT Hai, Keluar Alam Semesta Web3 permainan DApp Sarang lebah Platform Berkembang IKLAN Mencari Bahasa inggris Isi Ulang Koin Gabung Unduh Universitas Web3 permainan DApp Sarang lebah IKLAN rumah-Analisis-With Ethereum’s trillion-dollar ambition accelerating, will we witness a wave of “repatriation”?Recommended Articles With Ethereum’s trillion-dollar ambition accelerating, will we witness a wave of “repatriation”?Recommended ArticlesAnalisis6 bulan yang lalu更新Wyatt 23,841 24 On August 15, Ronin, a sidechain that was still expanding its DeFi business and consumer DApps a few months ago, suddenly announced its “return home” and planned to transform from an Ethereum sidechain to an L2 solution.

At the same time, the Ethereum Foundation is also promoting another milestone event – the “Trillion Dollar Security Plan” (1 TS) has officially entered the second phase, shifting the focus from underlying consensus and security mechanisms to wallet user experience and application layer usability.

The next wave of the Ethereum ecosystem, a dual upgrade of security and user experience, is taking place.

1.1 TS Phase II: The Transition from Security to Experience
As early as May this year, the Ethereum Foundation (EF) released the blueprint of the “Trillion Dollar Security Plan” (1 TS), with the goal of making Ethereum the ultimate settlement layer capable of supporting billions of users and trillions of dollars in economic activities.

Subsequently, EF adjusted its internal governance structure and released its first 1 TS report in June, which summarized the main security issues currently facing Ethereum into six categories: user experience (UX), smart contract security, infrastructure and cloud security, consensus protocol security, security incident response and mitigation mechanism, social layer and governance security. This marked that Ethereum began to systematically sort out and solve ecological security challenges (further reading ” Is user experience also a security issue? Understanding the UX challenges under Ethereum’s trillion-level security blueprint “).

On August 20, the Ethereum Foundation issued another document, officially announcing the launch of the second phase of the 1 TS plan, clearly stating that the core goal is to shift from underlying security to user experience and wallet security. The key actions include:

Collaborating with Walletbeat to develop minimum security standards for Ethereum wallets, including requirements for transparent transactions and intrusion-resistant interfaces; Solve the blind signature problem and improve transaction decoding capabilities by supporting projects such as the Verifier Alliance (VERA); Establish an open-source smart contract vulnerability database to help developers detect code vulnerabilities before deployment;

In addition, EF also encourages the community to develop “minimalist wallets” for non-technical users, as well as enterprise-level solutions that meet compliance and privacy requirements, to further lower the threshold for using Ethereum.

In other words, 1 TS has moved from blueprint to actual operation. Ethereum must not only continue to be the most secure infrastructure, but also become the easiest to use and most reliable public base to achieve a siphon effect. After all, whoever can provide higher security standards and smoother user experience will be where funds, users and developers will be concentrated.

2. Safety and experience: building a new moat
“If users cannot understand the transactions they sign and cannot properly manage their keys, then no matter how secure the underlying Ethereum infrastructure is, the user experience will still be dangerous.” This also reveals the fundamental goal of the second phase of 1 TS, which is to transform the interaction between wallets and applications from a security problem into a “safety guardrail.”

Ronin’s “return home” is a typical example. Due to high gas costs and complex interactions, it once chose to leave and build an independent public chain. However, with the maturity of Rollup technology and the dual upgrades of Ethereum’s security and user experience, Ronin realized that it was more valuable to re-enter the Ethereum ecosystem:

Returning to Ethereum means immediate access to mature liquidity, unified standards, the richest development tools and standards, and the most solid security endorsement, thereby reducing costs and improving experience.

Instead of struggling independently, it is better to reconnect to Ethereum’s huge ecosystem.

From this perspective, if Ethereum in the first phase relied on “security” to win the trust of core applications such as DeFi, stablecoins, and NFT, then in the second phase, what it truly demonstrated was the siphon effect on user experience and ecological prosperity.

All of this is precisely the strategic intent of “1 TS Phase II” – a solution for wallet blind signatures, the introduction of minimum security standards, and the establishment of a vulnerability database. These are not only security measures but also experience upgrades. Together, they will lower the threshold for user adoption, allowing Ethereum to move from “only geeks and native Crypto users can use” to “anyone/institution in the world can use it with confidence.”

Ronin is not the first, nor will it be the last. Today, the public gaming chain is migrating back, and tomorrow, more public chains that once chose “independent development” may return to Ethereum and transform into L2. Ultimately, Ethereum’s settlement layer position will become increasingly solid, and the scale of its ecosystem will be further expanded.

After security, experience is the new moat. Once Ethereum completes the construction of this moat, it will not only be the first choice for developers, but will also become the default entry point for global users.

3. Wallet: The First Line of Defense for Trillion-Dollar Applications
If Ethereum’s 1 TS is a systematic upgrade project, then the wallet is the first cornerstone of this project. Therefore, EF explicitly supports developers and contributors to establish minimum security standards for wallets:

We will promote transaction readability and simulation to completely resolve the blind signature issue. We will also establish a vulnerability database and development tools to help wallets and DApps detect problems before they go online. This series of actions is actually building a “guardrail” for wallets, making them no longer just an entrance, but a trustworthy gatekeeper for user asset security and user experience.

From the user’s perspective, wallets in the future will no longer be “complex encryption tools” but will gradually evolve into “default-secure on-chain financial assistants.” From the developer’s perspective, the standardization and security of wallets also means that ecological applications can reach users faster and with lower risks.

For current wallet service providers, this presents both challenges and opportunities. Taking imToken as an example, its continuous iteration around transaction readability, authorization management center, and risk identification mechanisms is in line with the direction proposed by EF:

For common contract call requests, signature requests have been made readable, clearly displaying information such as the authorized object, amount, and whether it is unlimited authorization. This helps users identify the actual operation content and significantly reduces the risk of users signing by mistake due to lack of understanding. The authorization management page inherits the revoke function, allowing users to quickly view and manage the authorization history of all DApps and support one-click revocation. It integrates the on-chain address blacklist system, DApp risk scoring mechanism, and third-party security services to proactively identify risk sources such as malicious links, disguised front-ends, and phishing contracts.

The wallet is not only the entrance, but also the first line of defense for whether Ethereum can support trillion-dollar applications in the future. Whoever can take the lead in benchmarking standards, establishing guardrails, and implementing systematic responses will become the real beneficiary of the “re-migration wave”.

Today, Ethereum is no longer just the “world’s largest smart contract platform”. It is gradually upgrading to the settlement layer and infrastructure for trillion-dollar applications around the world.

It is foreseeable that in the next few years, Ethereum will not only continue to dominate the world of kripto finance, but will also gradually be integrated into a wider range of real-world financial and daily application scenarios, from cross-border payments to corporate treasuries, from gaming and entertainment to social networks.

As eyewitnesses, we will directly witness trillion-dollar innovations and applications being redefined on Ethereum.

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