Ethereum Co-Founder Proposes Enhancements for Wallet and Smart Contract Security

Ethereum co-founder Vitalik Buterin recently suggested on the X platform that features like 'transaction simulation' could improve the user experience and security of Ethereum wallets and smart contracts. According to PANews, Buterin proposed that users could specify their intended on-chain actions and then decide to 'confirm' or 'cancel' based on the simulation results. He also recommended implementing mechanisms such as spending limits and multi-signature authorizations to align user intentions with expected outcomes and risk limitations, thereby reducing the likelihood of high-risk operations. However, Buterin acknowledged the complexity of defining user intentions, stating that achieving 'perfect security' is impossible and advocating for multiple methods to verify user intentions to enhance system security. Security is one of the 'impossible triangle' challenges in blockchain, alongside decentralization and scalability. In recent years, the Ethereum ecosystem has focused more on decentralization and scalability, particularly the latter. Previously, Buterin had advocated for using personal LLMs to improve the efficiency of decentralized governance.