Posted 9/5/2023, 7:41:00 PM

‘Ethereum Supreme Court’ Mooted by Blockchain Executive as Alternative to ‘Code Is Law’

Matter Labs CEO, Alex Gluchowski, has proposed the creation of an "Ethereum Supreme Court" to arbitrate disputes and handle security crises that threaten the integrity of the Ethereum blockchain. The court system would allow apps built on Ethereum to appeal for a chain fork in the event of a hack or other security issue, with decisions being determined through a soft fork of the first layer. This proposal highlights the growing importance of security and the need for robust mechanisms to protect users in the Ethereum ecosystem.

coindesk.com

Relevant topic timeline:

9/4/2023

Matter Labs co-founder proposes ‘Ethereum Supreme Court’ for on-chain disputes

Matter Labs CEO Alex Gluchowski has proposed an Ethereum court system, with an "Ethereum Supreme Court," to handle disputes and emergency upgrades for smart contract issues, serving as a final stop for parties instead of traditional courts.

9/8/2023

LBRY Appeals SEC Ruling Barring Crypto Offerings, Says Decision Threatens Crypto Industry

Blockchain-based file-sharing and payment network LBRY is appealing a federal judge's ruling in favor of the Securities and Exchange Commission (SEC), claiming the decision is unjust and aims to harm the cryptocurrency industry, marking a reversal from their previous decision to wind down.