> A world computer should also be the main owner of its state. [...] Composability is the superpower of blockchains Exactly. Verifiable offchain computation is what lets Ethereum scale. Onchain state is what makes it composable. Ethereum's endgame is to hold the world's state. Slice applies this thesis to commerce, and doing it properly meant rebuilding commerce from scratch. I'll be going deep on this soon, but in a nutshell, when state moves onchain: - New primitives become possible, enabling more powerful, automated processes — on Slice we call this "smart commerce". - Many problems typical of web2 disappear. - New problems appear. DeFi showed what happens when one domain's state moves onchain. We're doing the same for commerce, and I expect the pattern to repeat across most domains over time. I believe one of Ethereum's main challenges is resolving the tension between privacy and composability. Ethereum wins when developers and users can decide what is private, shared or public, and everything stays composable. That's why I'm so excited about obfuscation. Most of the building blocks are in place, and the design space in commerce is immense. Truly grateful to everyone who has contributed and keeps contributing to Ethereum for making possible a future worth building toward.

‼️ BREAKING: Revolut handed over customers’ passport copies, verification selfies and full transaction histories to a malicious actor. The actor sent lawful government information-demand emails using a genuine government domain that passed domain authentication. Revolut later concluded they were not authentic. Affected customers were notified on Friday. What may have been disclosed ranges from name, date of birth and home address to account statements, withdrawal records and complete Bitcoin transaction history. The company says it has alerted the agency to the unauthorised mailbox on its domain, blocked the address and begun notifying regulators. It has not named the agency, explained how someone obtained a mailbox there, or given a number of affected customers. ZachXBT, who circulated the notices, believes the incident was limited in size and aimed at high-net-worth users.

x402 is good step forward, but if you’re interested in what next-gen commerce and auth look like, keep an eye on @slice__so

kind of surreal to think that we’re building a comparable stack on ethereum with a team of two, and are already ahead of stripe in many areas

those following @slice__so might have noticed that we're converging on a similar path, just more ambitious, more secure, and with even better ux

Ethereum, and specifically @slice__so, solve the primary cause behind payment fraud. One of the biggest hidden costs afflicting every merchant and service provider in the world is about to disappear.