Vitalik Buterin Warns Against Misuse of Ethereum Consensus System
Vitalik Buterin, the co-founder of Ethereum, has cautioned the Ethereum community about potential threats to the network's consensus. While Ethereum's crypto-economic consensus is robust, with $34 billion worth of ETH actively validating blocks every 6.4 minutes, Buterin warns against the misuse of the consensus system, especially in scenarios where its stability could be jeopardized. He highlights different examples of harmless re-use of validators and potentially dangerous overloading of social consensus, and suggests case-by-case solutions to counter these problems. Buterin's warning provides the Ethereum community a chance to address potential risks and ensure the stability and integrity of the Ethereum network.
Ethereum Co-Founder Vitalik Buterin Warns Against Overloading Ethereum's Consensus in Lengthy Blog Post
Ethereum co-founder Vitalik Buterin has cautioned against expanding Ethereum's consensus beyond its core functions of validating blocks and securing the network. In a blog post titled "Don't overload Ethereum's consensus," Buterin warned that using Ethereum's network consensus for other purposes could pose high systemic risks to the ecosystem. He suggested that any expansion of Ethereum's duties increases the costs, complexities, and risks of running a validator. Buterin acknowledged the need for better oracles but proposed a case-by-case approach because various problems are inherently different from each other.
Vitalik Buterin Predicts zK-SNARKs as Important as Blockchains in Next Decade
During his keynote speech at EDCON 2023, Ethereum co-founder Vitalik Buterin said that zK-SNARKs, a technology that enables fully private and secure transactions on public blockchains, will be just as important as blockchains in the next decade.
Vitalik Buterin's Ethereum Wallet Transfers 3,500 ETH Worth $6.56 Million to Another Address
Ethereum's creator, Vitalik Buterin, has been in the spotlight recently due to his ongoing involvement with the cryptocurrency. A wallet address linked to Buterin has transferred 3,500 ETH worth about $6.56 million to another address in its latest transfer. The same wallet has made a total transfer of 17,800 ETH amounting to about $33 million since December 2022. There have been rumors circulating that Buterin is planning to sell a significant portion of his ETH holdings, but there has been no official confirmation from him or the Ethereum Foundation.
Crypto Evening Briefing: Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low
Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance, which is the first time since February that the difficulty has decreased.
Ethereum Foundation and Vitalik Buterin Move 15K ETH
Ethereum Foundation and its creator Vitalik Buterin transferred a significant amount of ETH to crypto exchange Kraken. Vitalik Buterin transferred 200 ETH, and Ethereum Foundation transferred 15,000 ETH. This raised concerns in the crypto community that the move could lead to a crash in ETH and meme coin prices, as similar large transfers by Ethereum Foundation have caused significant price drops in the past. Additionally, Buterin has a history of selling meme coins, which often leads to a drop in their value. Despite these concerns, ETH's price has increased by 3% in the last 24 hours, currently trading at $1,964.
Vitalik Buterin Among the Top Speakers at EDCON 2023 in Montenegro
The conference will feature keynote speeches, technical workshops, and panel discussions on topics such as Blockchain Regulation, Layer 3, Decentralized Society, Decentralized Governance, the Network State, and more.
Vitalik Buterin and Indian Yogi Sadhguru Discuss Tech, Identity and More
Emerging technologies like blockchain are changing the way humans interact with the digital world, prompting discussions about their impact on human experience. During a virtual talk hosted by the reState Foundation, Vitalik Buterin, co-founder of Ethereum, and Sadhguru, founder of the Isha Foundation, discussed the intersection of technology and human consciousness. They pointed out a growing gap between the rate of technological evolution and the progression of human ethical and consciousness development, with the latter being left behind. However, they also noted that emerging tech can help people recognize complicated identities and connect on common ground, resulting in realized cooperation and learning opportunities. Both speakers emphasized proper usage of technologies like blockchain as a tool for greater understanding and raising human consciousness.
ApeCoin Proposes $1 Million Funding for Crypto Public Goods Inspired by Vitalik Buterin's Tweet
April 16 (Cointime) - ApeCoin introduces a new proposal, "I don't hate apes, I just want them to fund public goods!", aiming to allocate $1,000,000 to support crypto public goods through ETH Global and ApeCoin hackathons.
ApeCoin Proposes $1,000,000 Funding for Crypto Public Goods Inspired by Vitalik Buterin's Tweet
The name of the proposal is inspired by a tweet from Ethereum co-founder Vitalik Buterin, who expressed his desire for the ApeCoin community to fund public goods.
