#Ethereum Foundation Developer Proposes Smart Contract Insurance Fund...!!!

wilson76 (52)in #cryptocurrency • 8 years ago

Ethereum Foundation developer Alex Van de Sande has unveiled a proposal for an insurance pool that he believes will mitigate the risk of network splits stemming from a desire to recover funds frozen due to code faults in smart contracts.

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In addition to mitigating the risk of a contentious network split, which, to be clear, Parity says it has “no intention” of pursuing, Van de Sande argues that this would turn the victims — a group that includes many of Ethereum’s top developers — into stakeholders in the new fund. This, in turn, would likely give the pool a greater chance of gaining traction when it launches...Click here to know the details story