Stanford University researchers have introduced the "reversible transaction" standards ERC-20R and ERC-721R to address the increasingly serious security issues
Chain Catcher news, Stanford University researcher kaili.eth tweeted that he has collaborated with several other researchers to design two new Ethereum token standards: ERC-20R and ERC-721R.kaili.eth explained that the design of ERC-20R and ERC-721R aims to address the rampant theft incidents in the cryptocurrency industry, with the highlight being "reversible transactions." Specifically, ERC-20R and ERC-721R introduce a "decentralized court" mechanism, where in the event of asset theft, victims can first apply to freeze the assets. At this point, the "decentralized court" can decide whether to agree to the freeze through a quick round of voting. For the frozen assets, the "court" will subsequently determine whether to unfreeze or return the assets based on the evidence provided by both parties involved, thereby resolving security incident disputes. (source link)
