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.
（经济观察）国际工商界聚焦贸易投资：中国仍是关键所在
6月1日,鲁迅跨时空“对话”狄更斯 后人共促中英文化交流？ （投资中国）毕马威中国经济研究院院长：外资对中国经济发展有信心雷军说小米YU7不可能19.9万？银川烧烤店31死爆炸案宣判！马頔接机李纯，金价破千 以旧换新成主流 信用卡“炒金”风险高——这座乡村小学AI科技馆，为孩子们的奇思妙想打开一扇门 颖儿露背鎏金长裙好薄一片马嘉祺 我们哥俩被人算计了赵丽颖这算官宣恋情吗
6月1日,这家5元自助快餐店因一条差评火了辽宁省博物馆以260余件（组）珍品展现敦煌文化骗杀父仇人进火场救自己连续6任一把手被查 省委书记提要求——邓紫棋不脱婚纱的理由
马斯克回应“星舰”第九次试飞未成功：比上次有很大进步
6月1日,陈哲远放纵餐孙杨赛后久久不忍离去25年居然还能听到刘宇宁唱天问马克龙被老婆打脸 看见镜头后秒微笑马嘉祺认真对待每一次舞台！我国推出新一轮举措加力扩岗稳就业为鞋子选不对伤膝伤脚伤关节 这5种鞋建议少穿丨还有15天就高考了
6月1日,马嘉祺赛后发博辽宁省博物馆创建馆以来单日观展人数最多纪录韩国高丽大学决定接收哈佛国际师生鄂尔多斯机场迎来首架进境生鲜全货机丨韩国3周魔鬼减肥掉秤法！雪域高原“90后”护士：总是委屈，常常幸福
长春哦啦音乐节公职人员出差周末自费旅游算违纪吗 魏劭不愧是真正牡丹命格的男人
6月1日,遇害海归女母亲曾提醒其注意江歌案（黑龙江一地多位基层干部冒领残疾补贴）｜韩国警方传唤韩德洙、崔相穆 邱贻可晒孙颖莎蒯曼金牌合照黄磊女儿黄多多出演《人鱼》 闽南别样端午！独特龙舟赛制“划围青”燃激情
6月1日,未知的首尔（彩票店女老板整天吸二手烟血管堵90%）龙舟市集、户外露营……解锁你的“夏日标配”新选择（乡村行·看振兴）追农时贴“地皮” 浙江松阳“跑山货郎”播出乡村经济新活力 30岁了还想过儿童节怎么办阿里巴巴第四财季净利润298.5亿元余承东称华为将只做五个界！金价为何又再度飙涨【小新的Vlog】邱贻可谈未来规划
霍建华新剧好松弛
6月1日,陈奕迅女儿将出道辽宁：推动数据要素优化配置 强化数字政府建设【送礼上京东送到你心里】边伯贤宋雨琦田小娟cha了韩国光州轮胎厂大火致三人受伤 灭火率已近八成陈梦谈观众对乒乓球期待
6月1日,刘浩存吻戏逐玉处处拥花絮阿尔巴尼亚总理单膝跪迎接意总理零关税政策实施以来中国自非洲最不发达国家进口额同比增15.2%3个中国人在太空过端午！