The first Trillion Dollar Security (1TS) report identifies six priority security challenge areas: user experience, smart contract security, infrastructure, consensus protocol, incident response and social governance, based on feedback from users, developers and institutions

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The first Trillion Dollar Security (1TS) report outlines what individuals, institutions, and governments require to entrust significantly larger sums to the network. The report follows multiple similarly in-depth initiatives taken by the foundation in recent weeks following a restructuring effort.

This report summarizes our findings, covering 6 distinct areas: 1. User experience (UX) Issues that affect users' ability to securely manage private keys, interact with onchain applications, and sign transactions. 2. Smart contract security The security of the smart contract components of Ethereum applications, and the lifecycle of software production that shapes them. 3. Infrastructure and cloud security Issues with the infrastructure (both crypto-specific and legacy) that Ethereum apps depend on, like L2 chains, RPCs, cloud hosting services, and more. 4. Consensus protocol The security properties of the core protocol, which secures the Ethereum blockchain itself from attack or manipulation. 5. Monitoring, incident response, and mitigation The challenges users and organizations face when responding to security breaches, particularly in recovering funds or managing the aftermath. 6. Social layer and governance Ethereum's open source governance, community, and ecosystem of organizations.

The analysis, generated through inputs from Ethereum stakeholders like users and developers, notes that user experience, or UX, is one of the key security areas where Ethereum can enhance its position.