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“Ethereum STF” is proposed by developer interested in cryptocurrency judiciary
Ethereum's judiciary proposal aims to create a "State" within Ethereum, with transaction costs for resolving network conflicts.
The first proposal for an “Ethereum STF”, which aims to create a judiciary within the blockchain, was presented by a network developer, last Saturday (2).
The idea of a supreme court in the smart contracts ecosystem would involve resolving disputes, but the proposal is still in the study phase.
Alex, the founder of zkSync, made the proposal to fund research into a cryptocurrency judiciary, which should simulate a real environment.
The proposal involves providing more transparency for Ethereum governance. In addition, Alex believes that the decentralized finance environment, DeFi, is at great risk in implementing smart contracts.
Ethereum Supreme Court would be a court of the judiciary for network changes
In Alex's post, via social network X, the zkSync developer made it clear that the ethereum judiciary could be assimilated to that of the real world.
“Now, listen to me. What if we built an on-chain hierarchical court system similar to the real-world judiciary? Each protocol will have its own governance with defined normal and emergency update mechanisms. The protocol must also designate a special contract that serves as an appeal body. We will need a standard ERC interface for this.”
One of the project's use cases would involve an emergency update to the network, where someone could file a dispute appeal. Even so, the proposal would involve a system of decentralized courts, each with its own rules.
“For an emergency update there must be an appeal period, during which anyone can submit a challenge to the higher court. They will have to make a pre-defined bail deposit. This court can then cancel the emergency upgrade (and do nothing further). Different courts will have different members, prices and reputation, in a completely decentralized way.”
Despite the idea of several courts, a dispute could eventually reach the Ethereum STF, which would have its final decision there. The technical implementation of the project has not yet been presented, only its theory.