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

    The crypto entrepreneur believes it would scare off bad actors and strengthen the state of the Ethereum network. Matter Labs co-founder and CEO Alex Gluchowski has proposed an Ethereum court system resembling a hierarchical court system similar to the real world. In a Sept. 2 post on X (Twitter), Gluchowski floated the idea for an “Ethereum Supreme Court” —…

    Decentralized social networks have a retention problem, say execs

    Decentralized social network Friend.tech may have risen quickly, but execs argue decentralized social media apps still have an onboarding and retention issue to fix. Despite the recent bloom of the decentralized social media app Friend.tech, executives from the industry argue there’s still much more work to be done — with many still experiencing massive challenges…

    BNB Chain hard fork to improve security and compatibility with EVM chains

    Binance’s BNB Chain is set for two upgrades aimed at improving the finality of the network and compatibility with other EVM blockchains. Binance’s BNB Chain is set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks. The Plato…

    PayPal USD: Boon for Ethereum but not decentralization, says community

    Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed central bank digital currency. PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it…

    We need to fundamentally change how smart contracts operate

    Smart contracts should be viewed as “proof-of-concept” rather than as critical for universal adoption. That may mean exploring alternatives. Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption. Being overzealous about any kind of innovation…

    Worldcoin struggles to find new users willing to scan iris for crypto

    The controversial crypto project’s new sign-ups have dwindled, and the numbers pale in comparison to the 2 million sign-ups before the launch of the project. The controversial crypto project Worldcoin was launched for the public on July 24, making way for customers to scan their iris at designated locations in 20 countries and receive 25…