Category Archives: Vitalik Buterin
Cardano Founder was Never A Part of Ethereum says Vogelsteller – The Coin Republic
Charles Hoskinson has built his own blockchain platform, Cardano and also worked as a co-founder of Ethereum blockchain. He continuously showed his efforts towards the development of his blockchain. Still, one of his old colleagues or a co-founder of Ethereum blockchain, Fabian Vogelsteller didnt think that Hoskinson had really done anything for Ethereum blockchain.
Fabian Vogelsteller has done work related to dApps and smart contracts on Ethereum blockchain. Last weekend, he shared a tweet where he retweeted an old post. That old tweet included the foundation members of Ethereum blockchain who have built their own blockchains. Besides Vitalik Buterin, the post included Charles Hoskinson, Fabian Vogelsteller, and Gavin Wood. It must be noted that Hoskinson has developed Cardano, Vogelsteller built LUKSO, while Wood has developed Polkadot blockchain.
The father of the ERC-20 token, Vogelsteller wrote in his tweet that he wanted to correct the picture of Ethereums founding members. According to him, as a founder Buterin doesnt count, while Hoskinson was neer really a founder of Ethereum. He also added that Hoskinson has built literally nothing as he is aware of.
Hoskinson was just early on at the right place, at the time, hanging out, and thats why Vogelsteller doesnt think the Cardano founder should be in that picture of Ethereum foundation members. Along with Polkadot founder, Vogelsteller thinks they are better fitting.
Vogelsteller continued as his saying is factual, no matter what anyone likes or not. He has been part of Ethereum since the beginning of the blockchain network. Thus he knew very well what and when anyone showed their contributions. As he said, the main work that lifted off Ethereum network was done in the time period from end of 2017 till now.
At last, Vogelsteller wrote he doesnt say anything about Cardano founders skills and contributions to the space or anything about him as a person. That he cant judge.
In response to Vogelstellers tweet, the founder of Cardano responded in a sarcastic way. He firstly thanked him then wrote that he suppose Switzerland just materialized out of the ether and as he is incompetent, he likes to meet people behind Cardano.
Charles Hoskinson also added about the patent filing and all the open sources that he is busy with innovating.
Over the response by Hoskinson, Vogelsteller once again made his reply as he meant no offense on the skills and work of Cardano founder. That was purely a reference to Ethereum. He also added that he didnt plan to initiate any blockchain drama.
As per the data sourced from CoinMarketCap, there are a total of eight co-founders of Ethereum blockchain, that clearly includes Charles Hoskinson.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
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Cardano Founder was Never A Part of Ethereum says Vogelsteller - The Coin Republic
Crypto Public Goods Funding in Action – NewsBTC
A public good refers to a service or commodity that is made available to everyone in society. Public goods are said to be non-rivalrous because they do not dwindle in supply and non-excludable because they are open to all.
The most commonly understood form of public goods are those administered by the government and paid for by the people through taxation law enforcement, national defense, public safety, and environmental protection. The types of public goods that a person may access depends on their location. For example, in many places in the world healthcare is a public good, but in the US it is not.
Public goods are not exclusive to governments. They can also be handled by charities or private/public partnerships such as in the provision of toll roads.
Interest in the previously dry topic of public goods has grown in recent years, mostly due to the introduction of cryptocurrency and crypto thought leaders such as Ethereum founder Vitalik Buterin.
Buterin himself explained the theory last year: A public good is something that benefits a large and unselective group of people. So its a thing or a project or something that someone can do or create that has a benefit, where that benefit gets spread out across a very wide group of people. Where there is no way to decide whos part of that group.
There are three main forms of public goods funding:
Retroactive funding: a mechanism in which the public good is paid for after the fact.Proactive funding: a mechanism in which the public good is paid for upfront.Continuous funding: a mechanism in which the public good is paid for by continual donations or on a subscription model.
Each model has its merits with no one-size-fits-all solution being applied. Perhaps the most interesting model as it pertains to cryptocurrency is the retroactive model. Last May, Buterin worked in cooperation with layer-2 blockchain Optimism to implement a retroactive funding model. The result was one of the most hotly-anticipated airdrops of 2022 as Optimism retroactively funded Ethereum holders, with the aim of creating a sustainable future for the then-PoW network.
A recent example of retroactive funding in the cryptosphere comes in the form of Namada (NAM), a new layer-1 blockchain focused on multi-chain privacy. For the uninitiated, Namada is based on cryptographic privacy technology specifically, the zero-knowledge proofs (zk-proofs) first pioneered by Zcash.
According to the Anoma Foundation which manages Namada, the technological legacy or public good created by Zcash is something their foundation wishes to acknowledge and reward. The foundation has therefore pledged up to 20% of Namadas genesis block proposal to public goods funding.
That funding comes in the form of a direct airdrop of $NAM. The Anoma Foundation projects that around 1 billion $NAM tokens will be airdropped to Zcash holders, in one of the largest examples of retroactive funding to date. The move also marks the first-ever direct airdrop to shielded ZEC holders Zcash users who opt to keep their transaction details private.
In a recent post to the Zcash community, Namada co-founder Christopher Goes explained the reasoning behind the move: Namada couldnt have come into existence without the technical contributions and socio-economic programme of the Zcash community, and we would like to give material thanks back to the Zcash community in addition to verbal credit.
Zooko Wilcox, CEO of the Electronic Coin Company behind Zcash, welcomed the NAM airdrop which is designed to give back to the Zcash ecosystem in terms of both money and technology.
The funding of public goods may be a fairly weighty topic, but with the popularization of digital assets and the novel funding systems it powers, its future could turn out to be much more exciting and for Zcash holders, much more profitable.
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Bitcoin and other notable Cryptos Will drive Institutional Transfer of … – Tekedia
Cryptocurrencies have been around for more than a decade, but they have gained unprecedented popularity and adoption in recent years. Bitcoin, the first and most well-known cryptocurrency, has emerged as a global phenomenon, reaching new heights of market capitalization and public awareness. But Bitcoin is not alone; there are thousands of other cryptocurrencies, each with its own features, advantages, and challenges.
Some of these cryptocurrencies are designed to serve as alternative forms of money, enabling fast, cheap, and secure transactions across a decentralized network of users. Others are more than just currencies; they are platforms that enable the creation and execution of smart contracts, decentralized applications, and other innovations. These platforms aim to transform various sectors of the economy, such as finance, supply chain, gaming, art, and more.
In this post, we will explore some of the most important cryptocurrencies other than Bitcoin, and how they are driving institutional transfer of ownership. We will look at their origins, characteristics, use cases, and challenges, as well as their potential impact on the future of business and society.
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Ethereum (ETH)
Ethereum is the second-largest cryptocurrency by market capitalization, and the most widely used platform for smart contracts and decentralized applications (DApps). Ethereum was launched in 2015 by Vitalik Buterin, a Russian-Canadian programmer and visionary, who wanted to create a more general-purpose and programmable blockchain than Bitcoin.
Ethereum enables developers to create and deploy DApps that can run on a distributed network of computers without intermediaries or censorship. These DApps can provide various services, such as decentralized finance (DeFi), gaming, social media, identity management, and more. Ethereum also supports the creation and exchange of non-fungible tokens (NFTs), which are unique digital assets that can represent anything from art and music to collectibles and real estate.
Ethereum is powered by its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational resources on the network. Ether can also be used as a form of money, or as a store of value. Ethereum has a large and active community of developers, users, and investors, who contribute to its innovation and growth.
Ethereum is driving institutional transfer of ownership by enabling new forms of decentralized governance, ownership, and collaboration. For example, Ethereum allows for the creation of decentralized autonomous organizations (DAOs), which are entities that operate according to predefined rules encoded in smart contracts, without human intervention or hierarchy. DAOs can enable collective decision-making, resource allocation, and value creation among stakeholders.
Another example is DeFi, which is a fast-growing sector that aims to provide alternative financial services without intermediaries or centralized control. DeFi applications on Ethereum allow users to lend, borrow, trade, invest, and earn interest on their crypto assets in a transparent and permissionless way. DeFi can potentially democratize access to financial opportunities and empower individuals and communities.
Binance Coin (BNB)
Binance Coin (BNB) is the native cryptocurrency of Binance, one of the largest and most popular crypto exchanges in the world. Binance was founded in 2017 by Changpeng Zhao (CZ), a Chinese-Canadian entrepreneur and crypto enthusiast, who wanted to create a platform that could cater to the needs and demands of the global crypto community.
Binance Coin was initially launched as an ERC-20 token on Ethereum, but later migrated to its own blockchain platform called Binance Chain in 2019. Binance Chain is a fast and scalable platform that focuses on facilitating low-cost and high-throughput trading of crypto assets. Binance Chain also supports the creation and exchange of tokens using a simple standard called BEP-2.
Binance Coin has multiple use cases within the Binance ecosystem. It can be used to pay for trading fees on Binance with a discount; it can be used to participate in token sales on Binance Launchpad; it can be used to stake or farm other tokens on Binance Launchpool; it can be used to access various services and benefits on Binance Smart Chain; and it can be used as a form of money or a store of value.
Binance Coin is driving institutional transfer of ownership by enabling users to access a wide range of crypto products and services on one platform. Binance offers not only spot trading but also futures trading.
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Bitcoin and other notable Cryptos Will drive Institutional Transfer of ... - Tekedia
3 tokens below $3 to blast in 2023: Shiba Inu (SHIB), RenQ Finance (RENQ), Polygon (MATIC) | Bitcoinist.com – Bitcoinist
Cryptocurrencies are known for their volatility, which makes them a lucrative investment option for many people. While the market can be unpredictable, there are certain tokens that are expected to perform well in the coming years.
In this article, we will discuss three tokens below $3 that are expected to blast in 2023: Shiba Inu (SHIB), RenQ Finance (RENQ), and Polygon (MATIC).
Shiba Inu is a cryptocurrency that was created in August 2020 by an anonymous individual who goes by the name of Ryoshi. It is an ERC-20 token, which means that it is built on the Ethereum blockchain. Shiba Inu has gained popularity in recent months due to its meme-inspired branding and the support of Elon Musk, who has tweeted about it on several occasions.
SHIBA INU, touted as the DOGECOIN KILLER on their website, is a meme coin that was anonymously created by someone who goes by the pseudonym Ryoshi in August 2020. Despite being relatively unknown, the coin quickly gained popularity and value as a result of its cute charm and the endorsement of high-profile figures such as Elon Musk and Vitalik Buterin.
It is listed on its own decentralized exchange, ShibaSwap. Ryoshi remains anonymous, claiming that he is an unimportant nobody and that any attempts to uncover his identity would be unimpressive.
So far this year, Shiba Inu saw a massive surge in price, increasing by over 127.46%. While it is difficult to predict the future price of any cryptocurrency, many experts believe that Shiba Inu has the potential to continue its growth in the coming years. In fact, some analysts predict that it could reach $0.0000158684 or even $0.0000234 in 2023.
RenQ Finance is a relatively new DeFi project that was launched in the Q1 of 2023. It aims to create a decentralized trading platform that is accessible to everyone. The projects primary focus is on building an ecosystem of liquidity pools that can be used for a variety of financial instruments, including options and futures.
One of the most exciting aspects of RenQ Finance is its multi-chain approach. The project is built on the Ethereum blockchain, but it has plans to expand to other chains, including Binance Smart Chain, and Cosmos. This will allow RenQ Finance to reach a wider audience and provide more opportunities for users to trade and invest.
Click Here to Join RenQ Finance (RENQ) Presale.
In addition to its multi-chain approach, RenQ Finance has several other unique features that make it an attractive investment option. For example, the projects CLOB (central limit order book) allows for limit orders, bids, and offers, which are not available on many other DEX platforms. Furthermore, RenQ Finances aggregation protocol allows it to obtain liquidity from a variety of exchanges, making it easier to find the best prices for trades.
As of writing, RenQ Finance is in the seventh phase of its presale and is on track to conclude this stage earlier than expected, paving the way for its launch. Based on its impressive growth trajectory, industry experts anticipate that RenQ Finance may potentially reach $3 or even $5 in value in 2023.
Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum. It aims to provide faster and cheaper transactions than the Ethereum mainnet, making it more accessible for users and developers.
Polygon, also known as MATIC, has experienced remarkable growth throughout 2022. Its price has surged by more than 400%, making it one of the top-performing cryptocurrencies in the market. As of now, the price of Polygon has seen a 31.00% change since the start of the year. While this growth is impressive, many experts believe that it is just the beginning for Polygon. One of the most significant advantages of Polygon is its interoperability with Ethereum. This means that developers can easily port their Ethereum-based projects to Polygon, making it an attractive option for those looking to scale their applications.
As more developers and users adopt the platform, the demand for MATIC tokens is expected to increase, driving the price to the moon.
Shiba Inu, RenQ Finance, and Polygon are three tokens below $3 that are expected to blast in 2023. While the crypto market is unpredictable, these tokens have unique features and strong fundamentals that make them attractive investment options.
It is important to do your own research before investing in any cryptocurrency and to always be aware of the risks involved.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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Bitget Invests $10 Million Into AI Platform Fetch.ai – BeInCrypto
Bitget has jumped on the artificial intelligence (AI) bandwagon and pledged $10 million to the Fetch.ai platform.
The AI hype has taken the markets by storm this year. Investors are betting big on the AI industry, and so are cryptocurrency leaders. Now, the crypto derivatives exchange, Bitget, has also committed a $10 million investment in the AI platform, Fetch.ai.
According to Finance Magnates, Bitget plans to offer Fetch.ai a range of services, including marketing consultations and strategic directions.
Gracy Chan, the Managing Director of Bitget, says:
We know value when we see it. Fetch.ai already consists of a host of functioning and applicable technological AI solutions that can have a real impact on the way businesses and individuals interact.
Fetch.ai provides technology to build services using automation and AI for finance and predictions. While Bitget wants to help Fetch.ai build community and business partnerships, can it also utilize its tech to build an AI crypto derivatives exchange going forward?
Bitget has yet to officially commented on the news.
Recently, Vitalik Buterin, the co-founder of Ethereum, experimented with the AI chatbot, ChatGPTs Application Programming Interfaces (APIs).
His experiments revealed the potential for ChatGPT to be used to suggest APIs needed for developing successful crypto trading strategies.
As crypto leaders are exploring AI investment opportunities, Cosmose AI received undisclosed funding from the NEAR protocol this Monday. With this partnership, Cosmose AI, a company focused on retail shopping, achieved a $500 million valuation.
BeInCrypto reported that the partnerships goal is to make online payments up to 50 times cheaper.
Got something to say about Bitget AI trading or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.
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Bitget Invests $10 Million Into AI Platform Fetch.ai - BeInCrypto
Vitalik Buterin among the top speakers at EDCON 2023 in Montenegro – Cointelegraph
As one of the largest gatherings of the Ethereum and blockchain communities, the upcoming EDCON 2023 (Community Ethereum Development Conference) is set to take place in the beautiful city of Podgorica, Montenegro from May 19 to 23, 2023. 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.
EDCON 2023 will bring together the brightest minds of the Ethereum community, including Ethereum co-founder Vitalik Buterin, The Network State author Balaji Srinivasan, Gitcoin co-founder Scott Moore, blockchain researcher at CNRS and the Berkman Klein Center at Harvard University Primavera De Filippi, Tim Beiko from Ethereum Foundation, Barry Whitehat from Ethereum Foundation, De University of Ethereum director Cy Li as well as many other blockchain projects heads and research leaders. The full, updated list can be found on the official website.
The conference will also include an Ethereum quorum day, community event day, and a super demo competition, providing ample opportunities for collaboration and discussion.
For more information on EDCON 2023 and sponsorship opportunities, please visit the site or contact the conference organizers via email.
Organized by Linktime, De University of Ethereum and ETHPlanet, EDCON is a nonprofit, global, annual Ethereum conference that has attracted around 10,000 attendees, 2,000 developers, 300 speakers, 450 projects, 400 supporters and 300,000 online views since 2017. EDCON is mainly committed to serving the Ethereum ecosystem, boosting the communication and interaction of Ethereum communities worldwide.
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Crypto Analyst Updates Outlook On Shiba Inu (SHIB) Price … – The Crypto Basic
The cryptocurrency market has recently seen its fair share of volatility as prices for various digital assets have fluctuated dramatically. Among the coins that have recently been making headlines are Shiba Inu (SHIB), Collateral Network (COLT), and Dogecoin (DOGE), all of which have seen impressive gains of 30% or more in just a few days. Crypto analysts have noticed these surges, paying close attention to the market and updating their outlooks on these assets. In this article, well look at the latest updates from crypto analysts on SHIB, COLT, and DOGE and what investors can expect in the coming weeks and months.
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With a market worth of $6.6 billion, it is the 14th highest-valued crypto network globally. This was mainly made possible by the founding teams brilliant marketing strategy to spark interest in the neighborhood. Getting referred to by Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk was also beneficial.
Shiba Inu (SHIB) is currently consolidating beneath its 200 MA. Although it is now one of the most anticipated developments for the community of meme coins, there are still favorable feelings surrounding the currency. In particular, the Shiba Inu community might succeed at $0.01 in 2023. For SHIB, Wallet Investor predicts a price of $0.000000945 per coin during the following years.
As more individuals use its testnet, Shibarium, a new layer-2 project from Shiba Inu (SHIB), is gaining popularity.
Shibarium, a cutting-edge layer-2 protocol for the Shiba Inu network built on the Ethereum (ETH) platform, is similar to Polygon. (MATIC).
According to blockchain explorer PuppyScan, the beta version of Shibarium has completed more than 193,000 transactions. PuppyScan figures show that 99,867 wallets currently use Shibarium, up from 0 just a few days ago. Gas is free right now at 1.51 Gwei.
Elon Musk, the CEO of Twitter, has previously demonstrated that he enjoys the meme trend. After Elon Musks Twitter swapped over the iconic blue bird at the top of its webpage for the cryptocurrencys recognizable Shiba Inu dog emblem, Dogecoin (DOGE) soared more than 35%.
Before the logo change, DOGE reached a high of $0.1046 vs. a low of $0.077. According to data from CoinDesk, its price last went above 10 cents on Monday.
DOGE has received much attention from Musk, who claims it may provide superior payment capabilities than Bitcoin. (BTC). The Financial Times announced in January that Twitter was developing a system to allow for payments on the social media network. The price of Dogecoin is $0.081664, and its 24-hour trading volume is $442,050,108. In the past 24 hours, Dogecoin has decreased by 1.54%, with a live market value of $11,340,299,578. There are 138,864,756,384 DOGE coins in circulation, and the maximum supply has yet to be discovered.
One project cryptocurrency experts propose for 2023 is Collateral Network (COLT), which is still relatively new. Some analysts estimate that COLT will increase from $0.01 to $0.35 over time.
Collateral Network (COLT) is a decentralized crowdlending platform that offers low-cost, secure loans backed by physical assets as collateral. These assets, used by a borrower as collateral, can be used to secure loans without the need for credit checks.
This is possible by minting the assets as fractionalized NFTs. To fund the loans, these NFTs are sold to lenders. On this cross-chain structure, loans can be obtained using tangible assets like property, artwork, antique automobiles, gold, fine wines, timepieces, jewels, and other collectibles.
COLT token holders can use their tokens for governance purposes such as voting on proposals and decisions that affect the network. They can also use their tokens to pay for transaction fees on the network.
Therefore, If you need funds, go to Collateral Network (COLT) with a high-value asset. Theyll take it and convert it into a fractionalized NFT, out of which local community members can buy bits to settle your debt. They receive an agreed-upon interest rate in exchange every week, which benefits everyone.
Additionally, since all contract information is permanently kept in the NFTs metadata, where it cannot be altered, transparency will also be on the Collateral Network (COLT) system, fostering greater trust between the lender and the borrower.
Collateral Networks native token, COLT, currently has a value of $0.014. Holding a COLT token allows you to participate in auctions, gain membership privileges, and vote for the administration. But act quickly because many experts believe the coin price will have hit $0.35 by the time the presale is over.
Read more about the COLT presale here:
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Crypto Analyst Updates Outlook On Shiba Inu (SHIB) Price ... - The Crypto Basic
The Ethereum Community: Who’s Behind The Decentralized … – Blockchain Magazine
April 26, 2023 by Diana Ambolis
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Ethereum is a decentralized blockchain platform that has gained immense popularity over the years. At the heart of the platform lies the Ethereum community, a group of developers, investors, entrepreneurs, and enthusiasts who are passionate about building a more decentralized and open world. In this article, well take a closer look at the Ethereum community,
Ethereum is a decentralized blockchain platform that has gained immense popularity over the years. At the heart of the platform lies the Ethereum community, a group of developers, investors, entrepreneurs, and enthusiasts who are passionate about building a more decentralized and open world. In this article, well take a closer look at the Ethereum community, whos behind the platform, and what theyre building.
Ethereum was founded in 2015 by Vitalik Buterin, a Russian-Canadian programmer who was just 19 years old at the time. Buterin had previously been involved in the Bitcoin community, but he became frustrated with the limitations of the Bitcoin blockchain, which did not allow for the development of more complex applications. Buterin believed that a new blockchain platform was needed that would allow for the creation of smart contracts, which could automate the execution of agreements between parties.
Buterins vision for a new blockchain platform gained the support of a group of like-minded developers, including Gavin Wood, Joseph Lubin, and Jeffrey Wilcke. Together, they formed the Ethereum Foundation, a nonprofit organization dedicated to developing and promoting the Ethereum platform.
Since its launch in 2015, the Ethereum community has grown to include thousands of developers, entrepreneurs, and enthusiasts worldwide. The community is known for its passion, creativity, and commitment to building a more decentralized and open future.
One of the defining features of the Ethereum community is its open-source nature. All of the code that powers the Ethereum blockchain is freely available for anyone to view, use, and modify. This has led to a vibrant ecosystem of developers building on top of the Ethereum platform.
The Ethereum community is also known for its strong culture of collaboration and innovation. Developers from all over the world work together to build new applications and services on the Ethereum blockchain. This has led to the development of a wide range of decentralized applications, including decentralized finance (DeFi) platforms, prediction markets, social networks, and more.
The Ethereum ecosystem is made up of a wide range of projects and initiatives, all working together to build a more decentralized and open future. Here are a few of the key players in the Ethereum ecosystem:
Also, read All About The Relationship Between: Ethereum And NFTs
The Ethereum community is constantly working to improve and expand the capabilities of the platform. One of the most exciting developments on the horizon is the transition to Ethereum 2.0, which will introduce a number of improvements to the platform, including increased scalability and security.
Ethereum 2.0 will also introduce a new consensus mechanism known as Proof of Stake (PoS), which will replace the current Proof of Work (PoW) mechanism. PoS is more energy-efficient than PoW, which will make the Ethereum platform more sustainable and environmentally friendly.
The top 5 things likely to happen in the future of ethereum:
The Ethereum community is a diverse and dedicated group of individuals who are working tirelessly to build a decentralized future. They come from all corners of the world and bring with them a variety of backgrounds, experiences, and perspectives.
Through their efforts, the Ethereum platform has grown from a simple idea to a revolutionary technology that is transforming industries and challenging traditional power structures. From decentralized finance to NFTs, the possibilities of what can be built on Ethereum are endless.
The communitys commitment to decentralization and openness has allowed for a vibrant ecosystem of developers, entrepreneurs, and enthusiasts to thrive. With a focus on collaboration, innovation, and inclusivity, the Ethereum community is driving the next wave of technological advancement and paving the way for a more equitable and just world.
As Ethereum continues to evolve and mature, we can expect to see even more groundbreaking developments emerge from this dynamic community. From scaling solutions to new applications, the future of Ethereum is bright, and the community is poised to lead the charge towards a more decentralized and equitable world.
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The Ethereum Community: Who's Behind The Decentralized ... - Blockchain Magazine
Gary Gensler can’t say if ETH is a security because of the SEC – Protos
Gary Genslers hearing in front of the House Financial Services Committee stirred up controversy when the SEC chairman found himself unable to answer what was, at least on the surface level, a relatively simple question: is ether a security?
So why wasnt Gensler able to provide a proper response to what was essentially a yes-or-no question? The truth is clear if youre willing to examine how Ethereum was founded and whats transpired since.
In 2016, Vitalik Buterin, a slew of investors, and the Ethereum Foundation worked to market, build, and deploy Ethereum one of the first successful initial coin offerings since the establishment of Bitcoin. But, unfortunately, the reality was that it wasnt a successful deployment as shortly afterward, the DAO was hacked.
If ever there was a time for the SEC or any other government regulator to make a move to protect users and classify ether (ETH) as a security, it was at this pivotal moment in time, when many investors found themselves underwater at the hands of a blackhat hacker. But, instead, regulators chose silence and inaction.
This inaction changed the entire history of the crypto industry.
Following the DAOs disastrous launch, investors, users, and validators were tasked with answering an important question: what do we do now?
The solution was to vote on how to move forward, and unsurprisingly, most users wanted to alter the blockchain and act as though the hack had never occurred. But the unfortunate truth about blockchains is that, unless you have consensus by validators, then you have a serious problem and it results in whats been termed a fork.
The simplest explanation of a hard fork is that, after a contentious problem is discovered, the majority of nodes agree to specific protocol rules, a minority of validators agree to an alternative set of protocol rules, and in the end you get two completely different blockchains. In this case, the majority of validators stuck with Ethereum and chose to negate the hack, the minority of validators believed the hacked coins were gone forever and the blockchain should acknowledge as much. This cryptocurrency was called Ethereum Classic.
If there was a final, best moment to put the kibosh on ETH and Ethereum Classic, this was it. Yet, once again, the industry was met with indifference and inaction from government regulators.
And so, for years, ETH, while likely a security (investors, promise of profits, centralized, and controlled by a few actors), continued on. Thousands of smart contracts most, again, unregistered securities slowly propagated the Ethereum blockchain, the price of ETH continued to go up, and the currency appeared to become sufficiently decentralized.
And this is how we get to the awkward situation that Gary Gensler found himself in last week.
Read more: SEC chair says PoS crypto may be securities hours after Ethereum Merge
There were four SEC chairmen who didnt do anything about ETH: Michael Piwowar, Jay Clayton, Elad Roisman, and Allison Herren Lee. The four chairmen had ample time and numerous opportunities to make conscious efforts and strong decisions but instead chose to, seemingly on purpose, ignore ETH.
This is where Gensler finds himself.
Anyone can see that ETH, when initially established, was an unregistered security. Then it pivoted and pushed forward ultimately, changing what it was and who could alter it. But if Gensler went in front of Congress, in front of the public, and openly stated, Yes, Ether was 100% a security, but due to lack of regulatory oversight and general government malaise, nothing happened, and now it would be difficult, costly, and could hurt investors if we attempt to enforce securities laws if its even possible for us to enforce securities laws on Ether, itd be difficult for the SEC to be taken seriously.
This would suggest that securities laws and regulation are fluid and that, perhaps, anything thats a security could be altered enough to be redefined and not prosecutable. It takes all the power from the SEC insofar as any entity could then use an Ether defense and state that, on a long enough timeline, anything could eventually be no longer considered a security.
This isnt a defense of Gensler or the SEC, nor is it a defense of ETH or a push against security laws. But its worth realizing why the chairman of the SEC may be keen to avoid stating exactly what ETH is or was: they want to keep some semblance of power.
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Gary Gensler can't say if ETH is a security because of the SEC - Protos
Shiba Inu Holders Migrate to COLT In Search of Higher Gains – Euro Weekly News
Widely regarded as the biggest meme coin in the market, the Shiba Inu (SHIB) token has had a rocky path in 2023 after blowing up exponentially in 2021. And, due to the increasing volatility of the coin, holders have been looking to a new revolutionary DeFi crypto project that is expected to grow 35x in the next six months, predicted to deliver a 100x increase once its listed on exchanges.
Shiba Inu (SHIB) is a decentralised cryptocurrency that can be used for peer-to-peer digital payments and a payment method for businesses that support it. The Shiba Inu (SHIB) token was created in August 2020 by an anonymous individual or group simply known as Ryoshi.
Over the years, the Shiba Inu (SHIB) coin has gained market attention due to its cute logo of a Shiba Inu dog and tweets made by people like Elon Musk and Vitalik Buterin.
What makes the Shiba Inu (SHIB) platform unique is its goal of expanding the movement by integrating the Shiba Inu (SHIB) community into the NFT market.
To increase the Shiba Inu (SHIB) market value, the Shiba Inu (SHIB) platform has increased the frequency of token burns, burning roughly over one billion Shiba Inu (SHIB) tokens since October 2022.
As Shiba Inu (SHIB) shows no concrete signs of more stable performance, its holders are turning to Collateral Network (COLT) for more reliable, long-term gains. Namely, this new innovative DeFi project enables borrowers to quickly liquidate high-value physical assets on the blockchain, like cars, collectibles, and jewelry.
To get the funds they need, borrowers send their physical assets to Collateral Network (COLT), where the team uses AI to value the asset and generate fair lending rates accurately. Additionally, Collateral Network (COLT) mints an NFT of the asset, which it then fractionalizes into smaller pieces to enable more lenders to fund the loan and receive weekly payments in return.
Collateral Network (COLT) is currently in its presale and is attracting investors left and right with the recent 40% surge in Collateral Network (COLT) price. And, to make it an even more attractive project, experts believe that the Collateral Network (COLT) could deliver 3500% returns before its presale ends, outperforming Shiba Inu and most of the crypto market along the way.
Collateral Network (COLT) provides many exclusive benefits investors cannot get with traditional crowdlending platforms. Some of them are listed below.
Passive Income: Investors can get fixed passive income weekly by lending money to borrowers.
Liquidity: Each NFT is 100% asset-backed, and the asset is stored in a highly secured vault.
Security: If a borrower defaults on a loan, investors can recover their funds via online private auctions that COLT holds, where it sells the distressed asset.
Privacy: Borrowing via Collateral Network (COLT) doesnt affect the borrowers credit file.
As one of the most promising crypto projects, Collateral Network (COLT) is forecasted to grow 3500% before its presale ends, outperforming most competitors. And, with its doxed team, fully-audited token, and long-term goals, Collateral Network (COLT) is positioning itself at the top of every investors list.
Discover more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
Sponsored
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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Excerpt from:
Shiba Inu Holders Migrate to COLT In Search of Higher Gains - Euro Weekly News