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Сo-founder of Ethereum Active since 2011.

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Vitalik Buterin Leads Ethereum Name Service Commemoration on Twitter Despite Privacy Concerns

The Ethereum Name Service is currently being commemorated by crypto enthusiasts across the community. Popular figures within the blockchain and crypto arena have added the extension ‘.eth’ on their social media identities for platforms like twitter. This innovation by Ethereum is not far from the email concept invented back when the internet was at its […]
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Ethereum's Vitalik Buterin coined 'Bitcoin Maximalism:' Kraken's Dan Held

Since the launch of Bitcoin, the first and largest cryptocurrency by market cap, the cryptocurrency ecosystem has welcomed several other crypto-projects. However, not everyone in the industry has welcThe post Ethereum's Vitalik Buterin coined 'Bitcoin Maximalism:' Kraken's Dan Held appeared first on AMBCrypto.

Ethereum's Vitalik Buterin hopes Bitcoin, Litecoin adopt Proof-of-Stake

Vitalik Buterin, Creator of Ethereum, spoke on the Proof-of-Work v. Proof-of-Stake debate, during an interview at ETHWaterloo 2. Buterin gave his opinion on why depending on transaction fees once the The post Ethereum's Vitalik Buterin hopes Bitcoin, Litecoin adopt Proof-of-Stake appeared first on AMBCrypto.

Ethereum’s Vitalik Buterin: I’m not bullish on consortium blockchain setups

ALTERNATE HEADLINE: Ethereum co-founder: 5G will be a huge boost to blockchain scalability At the 2019 Samsung Developer Conference in San Jose, John Jun interviewed Vitalik Buterin, Co-founder of Ethereum, about the challenges he faced in creating Ethereum, while also addressing issues around scalability, security, and regulations. According to Buterin, the biggest challenges in creating […] The post Ethereum’s Vitalik Buterin: I’m not bullish on consortium blockchain setups appeared first on AMBCrypto.

Is Vitalik Buterin Proving Satoshi Nakamoto Right?

Vitalik Buterin, ethereum’s co-founder, has been on a roll recently, publishing a number of proposals on ethereum 2.0. How to simplify it, how to smooth sharding “connections,” how to transition... The post Is Vitalik Buterin Proving Satoshi Nakamoto Right? appeared first on Trustnodes.

Vitalik Buterin’s Hard Fork Poll Confirms a Blockchain Bailout Isn’t Acceptable Anymore

Hard forks are a pretty common occurrence in the cryptocurrency industry. More often than not, it is the only viable and secure way of introducing core changes to a protocol or introduce specific features. Vitalik Buterin recently conducted a Twitter poll to determine if users would approve of another DAO-style fork if push came to shove It is evident that that is far from the case. No More DAO Bailouts It is interesting to see how cryptocurrency enthusiasts can have different opinions. The recent Twitter poll by Vitlaik Buterin illustrates this scenario very clearly. He wonders if a DAO-style bailout would be acceptable in a specific scenario That scenario would envision a popular smart contract wallet getting hacked. The fork would then be used to revert all chain activity following this security incident.  Although reverting the transactions would ensure user funds are safe, it also creates a much bigger problem. Reverting on-chain transactions for financial reasons makes the blockchain in question mutable. Ethereum already had one such intervention, which resulted in the creation of Ethereum Classic. That should be enough of a warning sign to not pursue such an option again in the future. Interestingly enough not everyone seems to think along the same lines. The Value of ETH Funds One intriguing aspect regarding this poll is how the “funds threshold” to warrant an actual intervention by the Ethereum developers. Some people feel it is a viable course of action when under 1 million Ether is at stake of being dumped on exchanges by hackers. Others see a proper threshold in the 10 million to 100 million Ether range. It is not difficult to see where this sentiment comes from. In the cryptocurrency world, a loss of funds is, by default, irreversible. That is far from a fun situation for victims of such incidents.  At the same time, over 60% of the voters are confident an intervention by developers is never warranted, regardless of how much money is at stake. If there is one thing people learned from the DAO bailout, it is how the community will remain divided for quite some time to come. The last thing one needs is a third iteration of Ethereum being created. That said, this is merely a hypothetical scenario. Or that is what everyone assumes, at least.  The Reputation of Hard Forks It is evident that discussions like these continue to trigger a lot of negative responses. In most cases, hard forks are perfectly safe to execute and will not cause any major controversy. It seems as if Ethereum has given the concept of hard forks a bad name of sorts, although most of the negative sentiment associated with the DAO bailout has calmed down by now. Cryptocurrencies are designed to be used over an immutable ledger. Anyone attempting to interfere with that aspect will face a fair bit of backlash.  Image(s): The post Vitalik Buterin’s Hard Fork Poll Confirms a Blockchain Bailout Isn’t Acceptable Anymore appeared first on NullTX.
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Vitalik Buterin news by Finrazor


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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Bitcoin Gold Rush, ShapeShift FOX, Binance In India, CFTC + Libra & Ripple + Oxford

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ShapeShift Launching FOX Coin to Compete on ERC-20 Market

Coinspeaker ShapeShift Launching FOX Coin to Compete on ERC-20 MarketThere are many utility tokens on the market, some of them left from the “golden ICO era” of 2017, some of them came later. Every time a smart investor is looking at a new project, he thinks – a token again? Yes, one more token, this time coming from the veterans of the industry.To compete with Binance‘s Binance Coin and Bithumb Coin that has been recently officially launched by Bithumb, you need something special. Since Erik Voorhees, CEO and founder of ShapeShift, is not an ordinary person, having connections all over the industry, he has prepared a gift so unique you won’t be able to resist it. When registering on the platform, a user automatically gets 100 FOX tokens. He then can hold them within the account, which will grant $10 in free trading volume per token per month.Voorhees says that his company was thinking about launching their coin since 2017. No wonder, considering this year can be named the most profitable to scammers, thieves, and even idiots. You cannot trade with losses when the market is rising all year long, right? Finally, after 2,5 years of thinking about the creation of coin, ShapeShift made it.FOX Token Won’t Use Own BlockchainAs you may already notice, the new cryptocurrency – ERC-20 Ethereum token, is some token with high liquidity and a small area of using. It touches the lives of bitcoiners around the globe in a speedy, hardcore manner to make them leave custodial exchanges. The company will gather everything around being a non-custodial wallet. Erik noted:“We’re hoping that this will help marginally move some people away from custodians and be more comfortable with the non-custodial model.”Voorhees thinks that it is OK that the new coin won’t have its own blockchain. Its purpose is pretty limited, so there is no need for expensive mining equipment or video blades to perform well in mining, trading or staking this new asset. He also claims that Shapeshift will allow you to claim more benefits from staking in the future months, using the FOX. The service says that the new money will be used in different use cases, including the goal of shifting users from centralized exchanges to this new ideology. “ShapeShift’s goal is to make self-custody a seamless and enjoyable experience because this will help the world move toward self-sovereign finance and away from fiat,” added he.ShapeShift Can Provide the Liquidity You NeedThere is no other crypto custodian that will let you hold your coins as a self-custodian and trade for free at the same time. Only SS can process large amount of clients on their servers. Thousands of people are fleeing to the company every day, but many leave due to the KYC measures. What made this “fleeing” so special is that they buy cryptocurrencies and sell them so that the market moves somewhere.“This has nothing to do with establishing a new chain. Basically, we’re trying to get people away from custodial exchanges. This is an endemic problem in the crypto world that was a problem in 2011 when I first got involved, and it’s still a problem. So, we realized that to solve that, we had to provide all that stuff in one place,” said Voorhees.ShapeShift Launching FOX Coin to Compete on ERC-20 Market

USDT Transfers in Ethereum Up 6,000% in 2019

Tether (USDT) dominance in Ethereum is on the rise according to GlassNode, an on-chain market intelligence firm. Cumulatively, the amount of USDT transacted in Ethereum exceeds $100 billion, a 6,000% rise since early 2019. USDT is a stablecoin that is pegged 1:1 against the USD and several fiat currencies. It is officially issued by Tether Limited, a company that has links with Bitfinex, a Hong Kong-based cryptocurrency exchange. USDT Statistics in Ethereum #Tether adoption on #Ethereum still on the rise: $USDT cumulative on–chain volume just surpassed 100 billion USD. That's an increase of more than 6000% since the beginning of 2019. — glassnode (@glassnode) November 19, 2019 With the shift to Ethereum, USDT transactions are now more active and even harder to track. Combined, Tether’s smart contracts have spent over 2,000 ETHs in Gas as per data from ETHGas Station. This translates to $367k paid as fees with each transaction billed at 21.1 GWei. It is over 10X more than those paid by IDEX smart contracts. There are 562,969 USDT holders generating 11,734,646 transfers pushing Tether’s diluted market cap to $2.03 billion. Overall, the token circulating supply stands at $4.12 billion with a market cap of $4.124 billion at the time of press. USDT Token Holders At this rate, USDT smart contracts burn 10.49% of all Gas with average GWei fluctuating depending on supply and demand forces. When there is a noticeable rise or fall in Bitcoin prices, USDT activity tends to spike. Tether Limited’s Objective According to a circular from Tether Limited, the company has made headway in allowing users to send value over the blockchain without the inherent risk of volatility and complexity associated with free floating cryptocurrencies. By rolling out a stablecoin on Ethereum and complying with the ERC-20 standard, a guide used by most fungible tokens generated on the smart contracting platform, users enjoy faster confirmation times, low transaction fees than they would have on the Omni Protocol. ETH Falls to Third Place Earlier, a report by Bloomberg revealed that USDT was rapidly catching up with ETH and BTC as a preferable means of payment. Statistics published by CoinPayment showed that USDT popularity surged 30% as merchants were attracted to the token’s non-volatility and low transaction fees. BTC related payment shrunk to 60% from 80% with ETH dropping to third as USDT climbed to second. The post USDT Transfers in Ethereum Up 6,000% in 2019 appeared first on Coingape.

Bitfinex Announces Strategic Collaboration with ODEM to Expand Cryptocurrency and Blockchain Education

Zug, Switzerland, Nov. 21, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) ODEM SA and Bitfinex, a state-of-the-art digital asset platform, are excited to announce a strategic cooperation introducing a new model of education on the role of digital tokens in the blockchain-enabled economy. The idea is to provide an innovative token transaction simulation model, designed and operated by ODEM, using Bitfinex as its premier liquidity platform. Together, they will launch a series of programs and courses aiming at increasing the level of education of both novice and advanced Bitfinex users who are interested in obtaining more knowledge about the technical features of digital tokens. In conjunction with these educational programs, ODEM will launch a full simulation of its education marketplace. Bitfinex will provide the liquidity for ODEM transactions, reflected through ODEM's smart contracts. This way, Bitfinex users purchasing educational programs on the ODEM Marketplace using the same credentials as on Bitfinex will be able to view their ODEM Token transactions on Bitfinex's order book. "We're excited to be the first to market with completely mirrored fiat-to-crypto trades in our education and employment marketplace," said Richard Maaghul, CEO at ODEM. "Mirroring blockchain transactions allows users to view their payment activity reflected through our smart contracts in real-time and viewable through Transactions conducted by ODEM's Token simulation are fueled by liquidity provided by Bitfinex. With their support ...Full story available on

Polymath building new security token blockchain platform on Substrate

The team of Polymath, a platform for security token issuance and management, declared back in back in March of this year during Consensus New York, that it had begun work on building a new base layer public blockchain from the ground up – codenamed Polymesh. Now, Polymath has announced that it is building Polymesh on […] CryptoNinjas: Polymath building new security token blockchain platform on Substrate
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