Ten Years Later: Here’s What Vitalik Thinks Blockchain is Good For (and What it’s Not)
Vitalik believes "money" is still the most important application ever discovered for blockchain tech.
Ethereum News and Updates
Ethereum is a blockchain-based platform that allows developers to build decentralized applications (dApps) using smart contracts.
These are computer codes that facilitate the exchange of money, property, shares, content, or anything that has value. It’s pre-programmed and predefined, meaning that once the trigger conditions are executed, the result manifests automatically.
Ethereum has a native cryptocurrency, which is called Ether (ETH). ETH is currently the second-largest cryptocurrency by market cap.
The project’s whitepaper was published back in 2013 by Vitalik Buterin, Ethereum’s Co-Founder. In January 2014, Ethereum began the official development of the platform. A few months later, in August, the team managed to raise $18.4 million through a token sale. The ETH token was released during the summer of 2015.
Like Bitcoin, Ethereum was initially developed to work using the Proof-of-Work (PoW) consensus algorithm. However, the team is working to transition to Proof-of-Stake, which is supposed to take place in 2020.
Recent Ethereum News
Vitalik Buterin Advises Focusing on The Tech to Avoid Crypto Weariness
Ethereum co-founder Vitalik Buterin has spoken out about the state of the crypto industry and how to avoid growing tired
CFTC Chair Changes His Mind About Ethereum Being a Commodity
After years of arguing the contrary, Rostin Benham’s position on crypto commodities now resembles that of Gary Gensler.
Over 90% of Australians Have Heard About Bitcoin (Survey)
25.6% of the Aussies are supposedly HODLers, while 90.8% have some knowledge about bitcoin.
Bitcoin, Ethereum Not Securities: Clarifies Belgium’s FSMA
The statement is part of a report developed by the FSMA in July this year.Â
Cathie Wood Reiterates Her $1 Million Bitcoin Bet
Ark Invest's Cathie Wood is bullish on bitcoin and ether, forecasting the former's price to soar to $1 million by
FTX Drainer Continues to Swap ETH for BTC, Here’s How Much’s Left in the Address
The amount currently left in the "FTX Account Drainer" wallet is just over $200 million.
Binance Reveals How Much BTC, ETH it Stores Following FTX Collapse
Binance has shared a partial list of the cryptocurrency it stores and will release a full proof-of-reserve in the coming
Fidelity to Offer Bitcoin and Ethereum Trading to Retail Investors
Fidelity’s 34 million retail investors will be able to buy Bitcoin and Ethereum without commissions.Â
Vitalik Buterin Calls Elon Musk ‘Very High Variance Actor’ on Twitter Takeover
Vitalik Buterin is the latest one to weigh in on Musk’s chaotic acquisition.
