Some algorithmic stablecoins have proposed incorporating price feeds by asking their token holders. In this post, we point out that this mechanism is broken because of a fundamental incentive misalignment.
Suppose that N players share cryptocurrency using an M-of-N multisig scheme. If N-M+1 players disappear, the remaining ones have a problem: They've permanently lost their funds. In this blog, we propose a solution to this critical problem using the power of the trusted hardware.
Guest blogger Prof. Karen Levy describes how contracts often include terms that are unenforceable, purposefully vague, or never meant to be enforced, how this helps set expectations, and what this means for smart contracts.
We have been examining the state of the Bitcoin and Ethereum networks over time. In a recent study, we examine the level of decentralization in these two networks, with some interesting takeaways for the future.