Vitalik Buterin news

Сo-founder of Ethereum Active since 2011.

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Vitalik Buterin shares latest updates to ramp up Ethereum’s ‘short-term privacy solutions’

Ethereum and most of the altcoin market has been largely on an uptrend in 2019, with many people in the industry speculating that the altcoin boom is right around the corner. To ensure Ethereum meets the scalability standards of other altcoins in the space, the research wing of the organization recently published a report talking […] The post Vitalik Buterin shares latest updates to ramp up Ethereum’s ‘short-term privacy solutions’ appeared first on AMBCrypto.

Vitalik Buterin proposes Ethereum Classic blockchain as criticism over considering BCH grows

Ethereum ran into scalability difficulties, processing only 15 transactions per second [TPS]. Despite the much-hyped 2.0 version, which was all set to roll out next year, Vitalik Buterin had planned on abandoning its native blockchain for a short period and instead, deploy other blockchains. The Co-founder’s latest proposition of leveraging Bitcoin Cash [BCH] blockchain as […] The post Vitalik Buterin proposes Ethereum Classic blockchain as criticism over considering BCH grows appeared first on AMBCrypto.

Vitalik Buterin: “2/3 Reduction End of Next Year Absolutely Viable”

Vitalik Buterin, Ethereum’s founder, has stated “a ~2/3 reduction around the end of next year and a further reduction a bit later would be absolutely viable,” in an ask me... The post Vitalik Buterin: “2/3 Reduction End of Next Year Absolutely Viable” appeared first on Trustnodes.

Vitalik Buterin proposes using Bitcoin Cash as Ethereum’s data layer

The co-founder of Ethereum, Vitalik Buterin, proposed using Bitcoin Cash as a short-term solution for adding a data availability layer to Ethereum. However, Buterin’s proposal was quickly met with heavy criticism, with many pointing out how seriously flawed the idea was. Ethereum’s search for new scalability solutions The search for the ultimate scalability solution has led pushed blockchain companies to come up with some extremely innovative ideas. However, some seem to have gone too far in their search, suggesting ideas that would be almost impossible to implement in reality. That is the case with a possible new Ethereum scalability solution. Suggested by Vitalik Buterin, Ethereum’s co-founder, the solution would help increase the network’s scalability by offloading much of its usage. While this sounds like a solid idea in theory, what Butalik is actually suggesting is using the Bitcoin Cash (BCH) blockchain as Ethereum’s data layer. Buterin shared his proposal on the ETHResearch forum, saying that Ethereum’s long term scalability plan is going to be Ethereum 2.0. The network’s planned 10 MB/sec data throughput will be much higher than that of any existing blockchain, he said, which would effectively solve most of Ethereum’s scalability problems. However, until Ethereum 2.0 sees the light of day, Buterin suggested developers started working on other scalability solutions that rely on a non-scalable computation layer combined with a scalable data layer. Buterin’s Bitcoin Cash suggestion met with criticism The solution he believes is a “perfect fit” for Ethereum is Bitcoin Cash. Buterin cited BCH’s 32 MB per 600 seconds of data throughput and low fees as two of the biggest reasons why using it as a data layer for Ethereum would be perfect. According to Buterin, Ethereum already has all the machinery it needs to verify Bitcoin Cash blocks inside of ETH, adding that verifying BCH blocks is much cheaper than verifying Ethereum Classic blocks. Another thing he said turned him towards BCH is the community’s “friendliness” to people using their chain for “whatever they want.” The main weakness, he said, was BCH’s 10-minute block time, which is unlikely to change in the near future. But, despite a very ambitious start, both Buterin and his Bitcoin Cash proposal found themselves at the receiving end of heavy criticism. The majority of those ridiculing Buterin’s suggestions seem to be adamantly against any cryptocurrencies other than Bitcoin, with some saying Ethereum and Bitcoin Cash were helping each other collapse faster. Lovely, ETH and BCH helping each other to collapse faster — Federico Tenga (@FedericoTenga) July 14, 2019 Some industry heavyweights also spoke on the matter, saying there was an abundance of problems Bitcoin Cash would bring and that a 10-minute block time should be the least of their worries. Andre Neves, the editor of Komenco Blog and Lightwork, said that BCH’s low hashrate and central controlling authorities should be more pressing matters. "The main weakness of the BCH chain is its 10 minute block time". What about the low hashrate? Central controlling authorities? Extremely large blocks that lead to constant reorgs? — André Neves (@andreneves) July 14, 2019 Eric Wall, a privacy tech advisor at the Human Rights Foundation, pointed out that Bitcoin Cash had a debilitating weakness that could prove to be fatal for Ethereum. > The main weakness of the BCH chain is its 10 minute block time Uhh @VitalikButerin what about the weakness that it can be 51% attacked single-handedly by most BTC pools? — Eric Wall (@ercwl) July 14, 2019 Buterin has been silent since posting his ambitious proposal on the ETH Research forum, so we are yet to see how he reacts to the rather unwelcoming response he got from the crypto community. The post Vitalik Buterin proposes using Bitcoin Cash as Ethereum’s data layer appeared first on CryptoSlate.

Vitalik Buterin Suggests Bitcoin Cash Blockchain Usage as a Stopgap Until ETH 2.0

In an unexpected turn of events, Vitalik Buterin has suggested the use of the Bitcoin Cash (BCH) blockchain as a data layer where transaction verification takes place. In essence, all ETH transactions would be settled and verified on the BCH blockchain, and confirmation will be sent back to Ethereum. This according to a post fromRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Vitalik Buterin weighs Bitcoin Cash Vs. Ethereum for network scalability

With the rise in crypto adoption, heavyweights of the crypto ecosystem are moving forward with the aim to improve the existing security standards and speed, in order to gain an edge over others. One of the major influencers in the crypto ecosystem, Vitalik Buterin shared his view to infuse a scalable data layer for detecting […] The post Vitalik Buterin weighs Bitcoin Cash Vs. Ethereum for network scalability appeared first on AMBCrypto.
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Donald Trump appoints a pro-Bitcoin Chief of Staff, Facebook hires 40 ex-PayPal members and develops a stablecoin for WhatsApp, cryptojacking cases have risen 40%, Ethereum reaches 50M unique addresses, Vitalik Buterin gives $300K to three startups, the UK releases a new tax rule, OKEx launches Perpetual Swap, Coinbase migrates $5B to cold storage

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This week twitter-community is waiting for the BCH fork, reading Vitalik Buterin and expressing opinions... — nothing uncommon, but quite lively

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Algorand is a new cryptocurrency and consensus protocol. Its two core technologies are the binary Byzantine Agreement and cryptographic sortition. Algorand’s main difference from other proof-of-stake systems is the absence of economic incentives for network participants, hence the viability of Algorand is currently a subject to wide debate in the community

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Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day

Bakkt is Finally Here That’s right, Bakkt is finally here. After months upon months of deliberation, hype, and odd regulatory setbacks, the cryptocurrency venture that has been backed by the New York Stock Exchange, Microsoft, and Starbucks is launching. Starting Monday, July 22nd, the exchange will be testing physically delivered Bitcoin futures, which will be one of the first product of its kind to be regulated in U.S. markets. It is currently unclear who will be testing the product, or in which way the contract and custody solution will be tested. But, this development marks a huge step in the right direction for the cryptocurrency market. Bakkt confirmed the launch date for its testing period at a recent summit that was held in the New York Stock Exchange, whose chief executive is wed to the head of Bakkt. Per first-hand recounts of those in attendance, the cryptocurrency startup has also confirmed that it will be fully launching its Bitcoin futures product by the end of Q3, should nothing go wrong during testing of course. A Catalyst for Bitcoin & Crypto Growth In a recent Fundstrat Global Advisors research note posted to Twitter, Sam Doctor of the market research firm explained his thoughts on the conference. Citing the buzz being emanated by the over 150 investors and institutions in attendance, Doctor argues that there is “institutional anticipation” for the exchange’s Bitcoin futures. He expounded: “As we have written before, Bakkt tackles many of the barriers to adoption for traditional investors seeking to expand their mandate to include crypto.” Doctor adds that “appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch”, noting that the firm’s sales team is starting to ramp up discussions with everyone from brokers and market makers. He thus confirms that should the hype translate into actual investment, the long-expected launch of the Bitcoin product, which will give many institutions their first taste of so-called “physical” BTC, could be a “huge” catalyst for the growth of this already budding market. Institutions Are Buzzing Per Placeholder’s Chris Burniske, the venture capitalist author of industry primer “Crypto Asset”, the overall feel of the room was rather bullish. He wrote the following, making the case that Wall Street has its eye on the cryptocurrency space once again. All in all, the @Bakkt event signals great things for #bitcoin and #crypto at large, even if I did miss some of the funk of OG days.— Chris Burniske (@cburniske) July 18, 2019 Title Image Courtesy of Samson Creative Via Unsplash The post Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day appeared first on Ethereum World News.
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