Ethereum

Aave

Uniswap

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The co-founder of Matter Labs proposed the ‘Ethereum Supreme Court’ for on-chain disputes.</a> </li> 
 <li> <span>2</span> <a>The proposed Ethereum court system resembles a hierarchical court system similar to the one seen in the actual world.</a> </li> 
</ul> 
<p>Alex Gluchowski, the CEO and co-founder of Matter Labs, proposed an Ethereum Supreme Court. It resembles “a hierarchical court system like the real world” for on-chain disputes. He believes it would scare off bad actors while strengthening the state of the Ethereum network.</p> 
<h2 class="wp-block-heading" id="strong-ethereum-supreme-court-explained-by-gluchowski-strong"><strong>Ethereum Supreme Court Explained by Gluchowski</strong></h2> 
<p>On September 2, 2023, Alex Gluchowski shared a post on X ( formerly Twitter) about the idea for an “Ethereum Supreme Court.” As per his post, his idea would work similarly to the United States Supreme Court while “serving as a final stop for parties to dispute smart contract issues rather than needing to take matters to a traditional lawyer or court.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
   <p lang="en" dir="ltr">Smart contract implementation risks remain the biggest unsolved problem of Defi. L2s are equally affected.<br><br>Let me pitch an idea: L1 Fork as the Court of Final Appeal.<br><br>First, why existing solutions don't work:<br><br>1) Time-locked upgrades are great for scheduled changes, but… <a href="https://t.co/EcaogkZBH9" rel="noopener noreferrer nofollow">pic.twitter.com/EcaogkZBH9</a></p>— Alex G. ∎ (@gluk64) <a href="https://twitter.com/gluk64/status/1697964707548676245?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 2, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Gluchowski added in his post that “The most important function of such a system will be to protect protocols against political inference from the outside. It will serve as a great deterrence mechanism, and will elevate the role of Ethereum as a powerful network state.”</p> 
<p>Although the concept proposed by Gluchowski, disputes, and emergency upgrades would be handled by a hierarchical system of on-chain courts. Whereas the final end would be an <a href="https://www.thecoinrepublic.com/2023/09/03/withdraw-ethereum-for-metamask-to-the-bank-in-five-easy-steps/" rel="noopener noreferrer nofollow">Ethereum </a>Layer-1 soft fork as the “Court of Final Appeal.”</p> 
<h3 class="wp-block-heading" id="strong-highlights-of-the-ethereum-court-system-strong"><strong>Highlights of the Ethereum Court System</strong></h3> 
<p>Matter Labs co-founder also said that in his proposed system, “every protocol would have its own governance with normal and emergency upgrade mechanisms. This would also designate a special contract which can trigger an appeal.</p> 
<p>As the post states, “If there is an emergency upgrade to a protocol, then there would be an appeal period, during which any user can submit a challenge to the higher court.” Notably, they will have to put up a predefined bail deposit.</p> 
<p>Gluchowski further noted that each court defines the higher court to appeal to, with the <a href="https://www.thecoinrepublic.com/2023/09/02/makerdao-proposes-to-prefer-solana-codebase-over-ethereums-evm/" rel="noopener noreferrer nofollow">Ethereum </a>Supreme Court serving as the final destination for challengers.</p> 
<p>With an example, Gluchowski elaborated the system. As he said, “The court hierarchy would see protocols like Aave and Uniswap would contest matters in a court such as CourtUnchained or JusticeDAO.” When those courts reach a decision, a party can appeal to the Ethereum Supreme Court.</p> 
<p>It must be noted that there is a need for strong social consensus for the on-chain court system to work, as Gluchowski acknowledged. As he mentioned “it would be expensive so that only “truly extraordinary” cases will be brought before it.”</p> 
<p>There were already several existing solutions to such disputes that still argued that they were not effective as Gluchowski added. With an example, he said that “enabling time-locked features on smart contracts is not suitable in emergency situations and introducing a security council can mitigate the problem, but won’t solve it, while carrying its own risks.”</p>

‘Ethereum Supreme Court’ Brought by Matter Labs Co-founder

قائمة المحتويات

Thecoinrepublic.com

المزيد من المقالات نُشرت في ٤ سبتمبر ٢٠٢٣

FTX Wallet Moves $10 Million in Altcoins – Are More Token Dumps Coming?

Revolution in Turkey: More than half of citizens turn to crypto!

Dignity Gold Retains Weild & Co. To Expand Global Investment Banking Efforts

$PEPE and $BITCOIN Prices Slide Again, But Whales Are Backing Lesser-Known $SONIK – Just 24 Hours...

Don't Compare Cardano (ADA) to Shiba Inu (SHIB): Communities Clash

Inside India's Crypto Landscape: WazirX's Menon Explores Global Regulations

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.