Matter Labs CEO Alex Gluchowski wants to see an Ethereum Supreme Court and lower on-chain courts which serve to resolve “truly extraordinary” smart contract disputes.
According to Gluchowski’s concept, disputes and emergency upgrades would be handled by a hierarchical system of on-chain courts. The final stop, however, would be an Ethereum layer-1 soft fork as the “Court of Final Appeal.”
When there is an emergency upgrade to a protocol, there would be an appeal period, during which any user can submit a challenge to the higher court. However, they’ll have to put up a pre-defined bail deposit. Let's chat. The main idea of the post: no human-driven court should be able to say the last word. The final appeal must always be an L1 fork.An example court heirachy would see protocols like Aave and Uniswap would contest matters in a court such as CourtUnchained or JusticeDAO. After those courts reach a decision, a party can appeal to the Ethereum Supreme Court.Gluchowski acknowledged.
For example, enabling time-locked features on smart contracts isn’t suitable in emergency situations and introducing a security council can mitigate the problem, but won’t solve it, while carrying its own risks.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bolivia hardens tone on cocaine 'mega labs', signaling crackdownBolivia is widely recognized as a leading world producer of coca, but the government has long maintained production of consumption-ready cocaine was limited.
Weiterlesen »
MKR price falls 5% as Ethereum’s Vitalik Buterin liquidates his entire MakerDAO portfolioSolana (SOL) blockchain could offer NewChain a future, according to the CEO of MakerDAO, Rune Christensen. Also Read: Solana price could move 10% nort
Weiterlesen »
SEC wants a death struggle with all of crypto except Bitcoin and maybe Ethereum, expert saysThe US Securities and Exchanges Commission (SEC) is still on with its legal tussle against Ripple and Coinbase, with neither parties willing to bend.
Weiterlesen »
Ethereum Founder Vitalik Buterin Makes Mystery Move With Large ETH TransferAccording to blockchain monitoring platform Spot On Chain, Buterin transferred 999 Ether ($1.63 million) between recognized Ethereum addresses and liquidated 500 Maker (MKR) tokens valued at around $580,000
Weiterlesen »
ETH Broke Crucial Support, Here's the Next Target (Ethereum Price Analysis)Ethereum's recent market performance has seen an unexpected and sharp rejection from the $1.8K resistance level, triggering a significant downward trend
Weiterlesen »
A brief history of EthereumFrom its humble beginnings to its current status as a leading cryptocurrency, here's a rundown of Ethereum's journey.
Weiterlesen »