FFATH ⚽ Worldcup Fan Tokens 🎨 Christie’s 3.0 & The End of Immutability?
We are very Far From All Time High
Your one-stop source for the most important crypto news of the week.
Click the green link to learn more about each headline.
Headlines
🏦 Australian Central Bank to use ETH blockchain for his CBDC
📱 Spain's largest telecommunications company is now accepting bitcoin and cryptocurrencies as payment
⚽ The Worldcup and fan tokens
🏎️ McLaren Racing Unveils Crypto-Inspired Car Livery Ahead of Singapore GP
🎓 Best universities for blockchain 2022
🎵 OpenSea partners with Warner Music
🎨 Christie’s 3.0 allows for auctions to be carried out on Ethereum
🎮 Walmart's new Roblox metaverse tells kids where to 'find all the best toys'
🎮 Sega’s first blockchain game
🍎 Apple’s app store wants 30% cut on NFT sales
🔥 Showcase your NFTs on Instagram
👉 NFTs will spawn the next Marvel or Disney
👉 Robinhood releases beta version of Web3 wallet to 10,000 users
🏦 BlackRock launches ETF in Europe with blockchain and crypto company exposure
🏦 SWIFT has linked up with Chainlink
🇦🇪 UAE Ministry of Economy opens up new headquarters in the Metaverse
🏦 Central Banks of Israel, Norway and Sweden team up to explore retail CBDC
🏦 French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets
⚖️ Trading platform Crypto.com secures regulatory approval to operate in France
Featured Story
⚖️ Introducing the blockchain court - reversible transactions on Ethereum
Ethereum is forever, persistent and immutable; at least it was. In a recent paper a group of scientists at Stanford University proposed reversible versions of ERC-20 and ERC-721 to safeguard against theft. The proposal would enable reversible transactions for a short period of time after the transaction has been posted on chain.
Knee-jerk reactions to this might sound the doom of Ethereum, but it’s important we take a little time to understand the possibility of transaction reversals, and how they may be accomplished. According to their proposal, a sender can file a dispute within a short timeframe of the transaction being implemented which would trigger a decentralized set of judges to first freeze the disputed assets. Once frozen both parties will be allowed to submit evidence for their case, and then later convince the decentralized set of judges to reverse the transaction.
This can literally be a people’s court. Entrusting justice to be determined by random masses, without any screening process or training in the understanding of the law. The pool of judges could also be determined by special criteria, requiring training, ID verification, or any other method which validates expertise.
Personally, I kind of like the idea of populist courts, with flat-earthers, football fanatics and exuberant vegans all weighing in on something they’re ill-equipped to handle. It could be fun for a laugh, but it’s more likely folks will choose the latter. Regardless of expertise, judges will be compensated for their time, probably through a portion of the transaction in dispute.
What makes this proposal sticky is that immutability, the idea that transactions cannot be reversed once they are finalized, is an important feature for cryptocurrencies. Immutability lessens the ability of banks, governments and other central authorities to alter a chain’s ledger. It is considered a key feature to ensure massive decentralization and democratization of any blockchain.
On the other hand, this proposal is welcomed by those who believe that the high risk of theft due to typo’s and human error could present barriers to mainstream adoption.
This proposal is interesting, not only because of its immediate implications for Ethereum but the wider notion that court systems could find a home on the blockchain. The more researchers familiarize themselves with Ethereum, the more new solutions and use cases will be developed. Not all proposals will be good, but what’s most important is that the development of new technologies and systems be built for the greater good.
So what do you think about the inclusion of reversible transactions? Join the discussion on our Twitter and LinkedIn today! #ETHReverse
Insider News
📺 What's Next? Vitalik Buterin
🦊 MetaMask launches beta portfolio dapp
🔥 ATOM 2.0 is here
👁️ A new vision for Cosmos Hub
👉 Circle enables USDC interoperability
👉 USDC to be available on Arbitrum, Cosmos, NEAR, Optimism and Polkadot
📅 Polkadot roadmap roundup
⚠️ Reversible transactions on Ethereum: ERC-20R and ERC-721R
👉 Chainlink economics 2.0
🏦 Compound treasury launches borrowing for institutions
🔥 Floowdy : Yield streaming
👋 Olympus DAO say bye to high APY
👮 Arrested Tornado Cash developer to stay in jail after appeal rejected
👮 Interpol has issued a red notice for Do Kwon
⚠️ S. Korean authorities look to Freeze $67M Bitcoin tied to Terra's Do Kwon
👉 Ribbon Finance launches options exchange on Ethereum
👉 Solana VM on Celestia
👉 EPNS is rebranding to Push Protocol
👉 Gas fee rebate program to allow gaming on Klaytn
👉 DeFi will eat TradFi
🔥 20 interesting new defi projects
⚖️ Nexo hit with enforcement actions from eight states
Reads
📚 Web3 Marketing In A Bear Market
📚 Lifinity v2: Introducing the Delta Neutral Market Maker
📚 When to Launch a Token - Alana Levin
📚 A Framework for Airdrops - 0xKepler
Data
📊 Quarterly State of the Market 3Q’22
📊 September summary
📊 Glassnode insights
📊 How Cryptocurrency Meets Residents’ Economic Needs in Sub-Saharan Africa
Builder and tools
🛠️ An SDK for building application specific rollups using a decentralized network of independent sequencers.
🛠️ Creators can launch collections without writing a single line of code : Stargaze
🛠️ zkForms
🛠️ EIP-4337: Account Abstraction using alt mempool - Vitalik
Not in Crypto yet?
Bonus:
—
Not signed up to the newsletter yet?