Browsing: Smart Contracts

Ethereum co-founder Vitalik Buterin defends layer-2 networks like Base against regulatory concerns, emphasizing their role as non-custodial infrastructure extensions that balance centralized features for user experience with Ethereum’s decentralized security, amid debates sparked by SEC Commissioner Hester Peirce over whether sequencers should be classified as exchanges.

Swiss banks UBS, Sygnum Bank, and PostFinance have successfully conducted a proof of concept for blockchain-based legally binding payments, showcasing the potential for enhanced efficiency and interoperability in institutional finance, with implications for global adoption and regulatory evolution.

Tokenizing car reservations using blockchain technology addresses automotive inefficiencies like opaque waitlists and high markups, potentially unlocking a multitrillion-dollar market through transparency and tradability, with applications extending to sectors like hospitality and healthcare for broader economic impact.