14May18, 20XXXL56, Ethereum’s decentralized blockchain-based platform Ethereum has recently been the subject of significant controversy due to a new piece of code that has caused widespread discussion. The code, known as Ethereal, appears to be part of an ERC-721 (Entire Token Ownership) smart contract that was introduced in July 2020 to facilitate fractional reserve lending (FRL).
The ERC-721 smart contract is designed to allow for the creation and transfer of digital tokens representing various assets such as rare collectibles, digital art pieces, or even real-world items like jewelry or cars. By allowing these tokens to be transferred fractional units rather than whole ownership rights, Ethereum enables lenders to lend a portion of their cryptocurrency holdings to other parties while maintaining a relatively small percentage of their overall wallet balance.
However, recent news surrounding Ethereal raises questions about its true purpose and implications. Some argue that it may be a malicious attempt to manipulate the market by offering fractions of a token for specific cryptocurrencies, potentially leading to speculative prices and high levels of volatility. Others have raised concerns about the security of this feature sinceERC-721 smart contracts are typically written using complex mathematical algorithms and cryptographic protocols, making them vulnerable to attacks and manipulation.
Moreover, there have been discussions about how Ethereal might impact the future of decentralized finance (DeFi) on Ethereum, with some predicting that fractional reserve lending may become more popular among enthusiasts and traders who want to pool their liquidity without relying on centralized financial institutions. However, others have raised doubts about whether the introduction of this feature could lead to an increase in systemic risks, such as the potential loss of control over asset transfers when fractional ownership agreements are violated.
Overall, the controversy surrounding Ethereal highlights the ongoing debates around the role and implications of new smart contract features in the Ethereum ecosystem. As the Ethereum community continues to gather insights and grapple with these challenges, it remains crucial for developers, regulators, and stakeholders to carefully consider the potential benefits and drawbacks of fractional reserve lending in light of the evolving landscape of decentralized finance and the need for a secure and stable blockchain-based platform.
高志凯：中国绝不允许你开第二枪
6月12日,陈昊宇王星越跨年后二搭？ 黄晓明进上戏考博复试韩国小孩是珍稀动物怎么还能弄丢？（乡村行·看振兴）山西临汾：保电到田间 抗旱保丰收！陈德容逆袭，高考期间广场舞还能跳吗？多地发文明确：暂停——韩出口民调显示李在明将赢得大选 非洲农民说真想让袁老师看水稻丰收领过失业保险金，基本养老保险个人账户里的钱会变少吗？人社部解答
6月12日,（经济观察）“人工智能+”开花结果 外资机构看好中国科技股鹿晗有隐藏款labubu（友城故事）中缅边境“国门小学”：双语诗书写“胞波”情谊零卡≠无能量 带你读懂营养标签背后的健康密码——韦东奕粉丝数破2000万
雷佳音又双叒叕多管鲜事
6月12日,领导干部违规吃喝 合肥通报：庐江副县长等12人被停职检查龚俊古装仪态王者再临黑救护车载临终老人3公里1800元雅安纪委监委回应黄杨钿甜耳环事件！我国推出新一轮举措加力扩岗稳就业为马斯克：不想为美政府所做的一切担责丨黄石公园车祸致5华人身亡司机涉酒驾
6月12日,雷军卢伟冰：诋毁本身就是一种仰望青海税务部门为企业发展注入“绿色”动能（经济观察）重大项目加速推进 中国扩投资动力充足高考前一天艺考生被撞病危家属发声丨阿里健康2024年营收306亿元！马德琳号的最后时刻
马嘉祺回应选曲 （友城故事）天津—墨尔本友城结好45周年经贸交流会在墨尔本举行
6月12日,高考结束宝贝儿子秒变“弃子”（龚俊戛纳电影节造型释出）｜香港师生在宁夏：“大漠孤烟直 长河落日圆”美景尽收眼底 买Labubu买的是什么韦东奕爆火是一场盛大的网络拜神仪式 黄子韬怒斥学员不配做餐饮
6月12日,马斯克爆猛料：特朗普涉爱泼斯坦档案（颜人中 夏夜最后的烟火）首都民营经济政策宣讲服务团高志凯：该跟印度人讲清楚中印边界了 黄圣依称不接受婚前同居高考倒计时10天，今年有这些新变化！黄蓉扮演者翁美玲去世40周年！降！降！降！榴莲多年来最低价的背后是这些原因→【小新的Vlog】食品“零添加”意味着更安全？丨中新真探
黄仁勋：全球一半AI人才都是中国人
6月12日,韩国人到底吃不吃得起肉（经济观察）中国城市更新顶层设计出台 万亿级赛道按下“加速键”【黄杨钿甜同款耳环义乌已量产】零跑连续3个月新势力销量第一马斯克官宣即将离开特朗普政府黄仁勋还想在中国市场努力一把
6月12日,高铁上拿医生吓唬熊孩子陕西命题组要不你赔我点钱吧（乡村行·看振兴）清远阳山桑蚕产业采收迎高峰 三产融合编织“金色未来”黄英自曝曾为红白喜事表演一场20元韦一航想妈妈了！