Category Archives: Vitalik Buterin
Shiba Inu: Who Has ‘Burned’ the Highest Number of SHIB Tokens? – Watcher Guru
Shiba Inu tokens have been consistently removed from the circulating supply via burns. Over the past 24 hours, around 754,187,142 SHIB has been burned. As a result, the burn rate was up by more than 4636.07% at press time. The assets price has been reacting positively to the same. On Wednesday, March 22, Shiba Inu was trading at $0.00001087, up by roughly 5% over the past day. Several renowned institutions, groups, and people from the community have burned Shiba Inu tokens. So, who is currently the top SHIB burner?
Also Read: Shiba Inu [SHIB] Mid-March 2023 Price Prediction
In May 2021,EthereumCo-founder Vitalik Buterin burned more than $6.7 billion worth of SHIB tokens. Thanks to the said transaction, the Ethereum founder continues to be the top burner.
Lets rewind a bit to understand the context better. The anonymous developers of Shiba Inu had chalked out in their woofpaper that they would send 50% of the total SHIB supply to Buterins address to remove it from circulation.They presumed that the Ethereum founder will hold the SHIB tokens sent to him. In fact, the team weighed the sent tokens on the same burning scale, for they hoped that their gesture would eventually drive up the price.
Well, Buterin did not disappoint, at least for a while. He held onto his SHIB stash for a brief period. Then, he gradually started spending them by sending SHIB tokens as gifts and donations to a host of charitable causes around the world. For instance, he donated a whopping 50 trillion SHIB tokens[worth around $1.2 billion at that time] to Indias COVID Relief Fund.
A few days after, the market became wary of the charitable donations, and Buterin went on burn about 90% of his remaining SHIB holdings. He sent 410 trillion SHIB [worth around $6.7 billion at that time] to a dead blockchain address, thereby removing them from circulation once and for all.
At that time, Buterin had affixeda notewhere he asserted that he would prefer makers of cryptos give them to charities. Specifically, he said,
I dontwantto be a locus of power of that kind.
At press time, Vitalik Buterins wallet merely contained $68.76 worth of SHIB, i.e. 6331044.32 tokens.
More here:
Shiba Inu: Who Has 'Burned' the Highest Number of SHIB Tokens? - Watcher Guru
Here are Shibarium Benefits For Shiba Inu – The Crypto Basic
The network promises many advantages, including transparency, security, and low-cost transactions.
Shibarium, the Shiba Inu layer-2 network, promises a wide range of benefits for investors, from the security of user assets to low transaction costs at an unparalleled rate. These benefits were highlighted in the recently-released documentation and further compiled by Lucie, a prominent Shiba Inu influencer.
Shibarium pledges to deliver top-tier security using a hybrid system that leverages the Plasma framework and PoS validators.
The Plasma framework is a proposed scaling solution introduced initially by Vitalik Buterin and Joseph Poon in 2017. It is designed to increase the transaction processing capacity of blockchain networks, making them faster and more scalable.
It scales transactions by creating a hierarchical system of child blockchains connected to a parent blockchain, such as Ethereum. The framework also includes a set of security mechanisms designed to protect child blockchains from fraudulent or malicious activities, such as submitting invalid transaction data.
- Advertisement -
Shibarium also employs PoS security by utilizing Bone ShibaSwap (BONE), which users can stake to earn rewards and simultaneously contribute to the security of the network.
As detailed in the Shibarium documentation, the layer-2 network promises a fast transaction speed at an unprecedented scale. The documentation mentions that Shibariums transaction speed can outperform Ethereums.
Despite promising a higher transaction speed than Ethereum, Shibarium offers lower transaction fees. Its transaction fees are expected to be 10,000 times lower than Ethereums average fees.
Similar to most blockchains, Shibarium is highly decentralized, with no central point of control. Consequently, the networks security is sustained by the community through staking and network validation, thus safeguarding the network and eliminating the possibility of a central authority having control over it.
As a blockchain network, Shibarium inherently possesses the traditional transparency that characterizes blockchain technology. This enables investors to seamlessly monitor all transactions executed on the network through the dedicated blockchain scanner.
As an exclusive benefit to the Shiba Inu ecosystem, Shibarium has been touted as a SHIB furnace. The network is expected to burn Shiba Inu with up to 70% of its base transaction fees, thereby bolstering the Shiba Inu burn initiative. This should provide support for the assets price.
- Advertisement -
More:
Here are Shibarium Benefits For Shiba Inu - The Crypto Basic
Ripple (XRP) Price Prediction 2025-2030: Will XRP mirror Garlinghouses confidence? – AMBCrypto News
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCryptos own research on the subject.
Ripple (XRP) is a cryptocurrency that powers real-time gross settlements on the XRP Ledger (XRPL) blockchain. Developed by David Schwartz, Arthur Britto and Mt. Gox founder Jed McCaleb in 2011, the XRPL was created to improve cross-border payments. The blockchain launched in June 2012 and the same year, financial technology firm Ripple Labs was founded by veteran Silicon Valley entrepreneur Chris Larsen and three developers.
ReadPrice Prediction for XRPfor 2023-24
After the company was established, the XRPL architects gifted 80 billion XRP tokens to Ripple for the company to build on the network. The XRP Ledger uses a consensus system that involves several bank-owned servers to verify transactions. The validators verify that the proposed transactions are valid by comparing them to the most recent version of the XRP Ledger.
A transaction must be accepted by the majority of validators to be verified. Accordingto data from CoinMarketCap, XRP was trading at $0.4445 at press time. The tokens market capitalization of $22,734,327,572 makes it the sixth largest cryptocurrency in the world. XRP had a 24-hour trading volume of $1.5 billion at the time of writing. Data from Coinglass shows that the total open interest on XRP futures grew by +7.99% over the past 24 hours until press time.
The XRP ledger uses distributed ledger technology, which is different from the more commonly used blockchain technology. This technology allows bank and non-bank actors to incorporate the Ripple protocol into their own systems, as the protocol is completely open and accessible to anyone without prior approval from Ripple Labs.
In 2017 and early 2018, XRP reached an all-time high of $3.40, marking a 51,709% increase from its original price at the beginning of that year. Although it has since declined, XRP remains a significant player in the cryptocurrency market and is consistently ranked among the top ten coins in terms of market capitalization. The team behind XRP and Ripple continue to work on the development of the XRP ledger and its potential use cases in the global financial system. Overall, XRP remains a significant and influential cryptocurrency in the world of finance and technology.
In 2020, the US Securities and Exchange Commission (SEC) sued Ripple, alleging that the company sold $1.3 billion in unregistered securities through its XRP cryptocurrency. Ripple denies the allegations, claiming that XRP is not a security and does not meet the criteria for the Howey Test.
A report byCoinSharesindicated that investors are confident of Ripples victory in the landmark case against the SEC. This is based on the fact that XRP investment products have seen consistent inflows for three consecutive weeks.
On the business front, Ripple revealed key developments pertaining to its European expansion. The companysharedits progress with Paris- based Lemonway and Xbaht in Sweden. Businesses in France and Sweden will now be able to leverage Ripples On-Demand Liquidity (ODL).
On 15 November, Rippleannounced that it partnered with MFS Africa, a leading FinTech firm with the largest mobile money footprint in the continent. This joint venture seeks to streamline mobile payments for users in 35 countries.
In other news, Ripple CTO David Schwartz took toTwitterto offer former employees of the troubled crypto exchange FTX, a place at Ripple. However, this offer only stands for employees who were not involved with compliance, finance, or business ethics.
Ripplestie-upwith Tokyo Mitsubishi Bank in 2017 was a major milestone. Following the same, it became the second-largest crypto by market capitalization for a brief period. A year later, Ripple was in the news again for itspartnershipwith international banking conglomerate Santander Group for an app focusing on cross-border transactions.
In terms of rivals, Ripple has close to none at the moment. They are the leading crypto firm catering to financial institutions around the world. As the number of partnerships grows, XRP will reap the benefits. After all, it is the medium of exchange for all cross-border transactions enabled by RippleNet.
Ripple has been capitalizing on the need for quick transactions and another untapped potential in emerging economies, given that nations in Latin America and Asia-Pacific regions are more likely to realize the value of blockchain and its tokens compared to their first-world counterparts. With the rise of central bank digital currencies (CBDC), it is likely that developing countries looking to explore this option will go for Ripple, since it already offers a well-established cross-border framework. Increased adoption of CBDCs will also lead to banking institutions considering integrating crypto into their services. This will work out very well for Ripple, since RippleNet is already associated with a number of banks.
Blockchain solutions being offered to Ripples Central Bank partners wanting to venture into CBDCs include the option to leverage the XRP ledger using a private sidechain.
Ripple is predicted to develop rapidly over the forecast period, as it can be used for a variety of functions like accounting, investment, smart contract implementation, and decentralized programming.
XRP has an edge over its rivals due to its low cost of entry. The fact that a few dollars will buy tens of XRP seems appealing to new investors, especially those who prefer little investment.
According to a Valuatesreport, the cryptocurrency markets size is expected to hit $4.94 billion by 2030, growing at a CAGR of 12.8%. A number of crypto-firms will benefit from this, Ripple among them.
The growth in the cryptocurrency market is spurred by an increase in the demand for operational efficiency and transparency in financial payment systems, as well as an increase in demand for remittances in developing nations.
The general idea is that RippleNets adoption by financial institutions will increase, leading to more recognition of the platform as well as its native token. This has also been factored in while calculating predictions for 2025 and beyond.
At press time, XRP was trading at $0.4451 with buy pressure exceeding the selling pressure.
XRPs press time price was a far cry from its all-time high of $3.84 in January 2018. As a matter of fact, its price was closer to its launch price than its all-time high.
Although XRP gained somewhat over the last three months, its recent returns have made investors worried.
On 22 December 2020, the U.S Securities and Exchange Commission (SEC)fileda lawsuit against Ripple Labs. The lawsuit alleged that Ripple had raised $1.3 billion through the sale of unregistered securities (XRP). In addition to this, the SEC also brought charges against Ripples top executives, Christian Larsen (Co-founder) and Brad Garlinghouse (CEO), citing that they had made personal gains totaling $600 million in the process.
The SEC argued that XRP should be considered security rather than a cryptocurrency and as such, should be under their purview.
A verdict in favor of the SEC will set a rather unpleasant legal precedent for the broader crypto market. This is why this case is being closely observed by stakeholders in the industry.
It is evident that developments in the lawsuit have a direct impact on XRPs price. Following the news of the lawsuit in 2020, XRPtankedby almost 25%. In April 2021, the judge handed Ripple a small victory bygrantingthem access to SECs internal documents, which caused XRP to rise over the $1-mark A threshold that the crypto hadnt crossed in 3 years.
According to atweetby Defense Attorney James Filan on 15 August 2022, the U.S District Court for the Southern District of New York dealt yet another blow to the SEC when Judge Sarah Netburn granted Ripples motion to serve subpoenas to obtain a set of video recordings for the purpose of authentication, dismissing the regulators claim that Ripple was trying to reopen discovery. This was in response to Ripplesmotionfiled on 3 August 2022.
In theOpinion & Orderpublished earlier in July, Judge Sarah Netburn condemned the SEC for its hypocrisy and actions which suggested that the regulator was adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.
The lawsuits verdict, whatever it is, will have a lasting impact on XRPs value. It is important to note that a verdict in favor of the SEC would make XRP security only in the U.S. because the regulator does not have jurisdiction across the countrys borders. This should offset some of the damage to Ripple, given that it has a substantial amount of business globally.
Carol Alexander, Professor of Finance at the University of Sussex,believesthat XRP is unlike any other crypto. She believes that if Ripple manages to beat the SEC lawsuit, it could start taking on the SWIFT banking system. SWIFT is a messaging network that financial institutions use to securely transmit information and instructions.
In an interview with CNBC, Ripple CEO Brad Garlinghousetalkedabout the possibility of an IPO after the case with the SEC is resolved. Ripple going public will have a significant impact on XRPs price action in the following years.
In aninterviewwith Axios at Collision 2022, Garlinghouse further stated that the current price of XRP has already factored in Ripple losing the case. If Ripple loses the case, does anything change? Its basically just status quo, he added.
As for his personal opinion on the verdict, Garlinghouse is betting that it will be in favor of Ripple. Im betting that because I think the facts are on our side. Im betting that because the law is on our side, he remarked.
Curiously, support for Ripple and XRP hasnt been universal really, with Ethereums Vitalik Buterin recentlycommenting,
XRP already lost their right to protection when they tried to throw us under the bus as China-controlled imo
Ripple and the SECs lawsuit is not just restricted to the courtroom. The matter is often covered by the media with both parties having been featured in multiple op-eds, often criticizing each other. Just this month, the market watchdog and the crypto firm were the subject of a heated exchange through pieces published by the Wall Street Journal.
On August 10, SEC Chairman Gary Gensler reiterated his stance on the definition of crypto assets and their oversight in hisop-edpiece featured in The Wall Street Journal. Make no mistake: If a lending platform is offering securities, it . . . falls into SEC jurisdiction.
Chairman Gensler went on to cite the $100 millionsettlementthat the regulator had reached with BlockFi, stating that the crypto markets must comply with time-tested securities laws. As per the terms of the settlement, BlockFi has to rearrange its business to comply with the U.S Investment Company Act of 1940 in addition to registering under the Securities Act of 1933 to sell its products.
In response to Chairman Genslers op-ed, Stu Alderotypublishedhis own piece in The Wall Street Journal and did not mince his words while taking a shot at the regulator. Alderoty accused Gensler of side-lining fellow regulators (CFTC, FDIC etc.) and overreaching its jurisdiction, as opposed to the executive order by U.S President Joe Biden, which directed agencies to coordinate on regulations for crypto.
What we need is regulatory clarity for crypto, not the SEC swinging its billy club to protect its turf at the expense of the more than 40 million Americans in the crypto economy, Alderoty added.
A controversial article authored by Roslyn Layton in Forbes on 28 August pointed out that since 2017, the SECs Crypto Assets Unit has been involved in 200-odd lawsuits. According to Layton, this figure suggests that instead of coming up with clear regulations to ensure compliance, the regulator would rather engage crypto firms with lawsuits in an attempt to regulate by enforcement.
Ripple CTO David Schwartz found himself in a stand-off with Ethereum Co-Founder Vitalik Buterin earlier this month, after Buterin took a dig at XRP ontwitter. Schwartz hit back andrespondedto Buterins tweet, comparing miners in the PoW ecosystems like Ethereum to stockholders of companies like eBay.
I do think its perfectly fair to analogise miners in PoW systems to stockholders in companies. Just as eBays stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC, Schwartz added.
Now, putting an accurate figure on the future price of XRP is not an easy job. However, as long as there are cryptocurrencies, there will be crypto pundits offering their two cents on market movements.
Changelly has gathered an average prediction of $0.47 for XRP by the end of 2022. As for 2025, Changelly has provided a range between $1.47 to $1.76 at max for XRP.
Finders conclusion from a panel of thirty-six industry experts, is that XRP should be at $3.61 by 2025. It should be noted that not all of those experts agree on that forecast. Some of them believe that the crypto wont even cross the $1 threshold by 2025. Keegan Francis, the global cryptocurrency editor for Finder, does not agree with the panel of experts. He predicts that XRP will be worth $0.50 by the end of 2025 and, surprisingly, a mere $0.10 in 2030.
According to data published onNasdaq, the average projection for 2025 is around $3.66.
Are your XRP holdings flashing green? Check theprofit calculator
Finders experts had a rather conservative figure for XRP in 2030. They believe that the crypto could hit $4.98 by 2030. In a statement to Finder, Matthew Harry, the Head of Funds at DigitalX Asset Management, revealed that he doesnt see any utility in XRP other than the speculation element.
According to data published on Nasdaqswebsite, the average projection for 2030 is around $18.39.
Year-to-date (YTD) figures from Ripples Quarter 2 earningsreporthave made it clear that despite the drop in XRPs price, demand for their On-Demand Liquidity service not only remained undeterred but actually grew by nine times year-over-year (YoY) with ODL sales totalling $2.1 billion in Q2. The report further stated that Ripple has pledged $100 million for carbon removal activities, in line with their carbon neutral objective and sustainability goals.
Ripples Crypto Trendsreport claims that NFTs and CBDCs are still in their nascent stages and, as their potential is gradually realized, its impact on Ripples network and on the broader blockchain space will be visible.
It should be noted that while various experts have predicted XRPs price to increase in the following years, there are some who believe that XRP will lose all value by the end of the decade.
The major factors that will influence XRPs price in the coming years are:
Predictions are not immune to changing circumstances, and they will always be updated on new developments.
With the Fear and Greed index leaning towards neutral at press time, it implies that investors were confident in their expectations about Ripple.
Read more from the original source:
Ripple (XRP) Price Prediction 2025-2030: Will XRP mirror Garlinghouses confidence? - AMBCrypto News
Supermodel Gisele Bndchen Spotted With Vitalik Buterin; Rumors Debunked By CoinEdition – Investing.com
Crypto insights account Whalechart tweeted about supermodel Gisele Bndchen being spotted holding hands with Ethereum co-founder Vitalik Buterin in a New York City restaurant.
According to the tweet, the Brazilian fashion model Gisele Bndchen, who recently finalized her divorce from NFL quarterback Tom Brady, has been spotted holding hands with the co-creator of Ethereum, Vitalik Buterin, in a New York Citys Dumpling Town restaurant. The sighting has sparked speculation about a possible new romance for the Brazilian beauty.
Bndchen is known for her work as a Victorias Secret Angel and her high-profile 13-years of marriage to Brady. Buterin, on the other hand, is a key figure in the world of crypto. As the co-founder of Ethereum, he has been at the forefront of the digital currency revolution.
A crypto news outlet CoinControversy (@CoinControversy), replied to Whalecharts tweet, stating that it was satire and suggesting that Whalechart could not differentiate between reality and fiction. CoinControversy also shared a link to the source of the news in question.
The news originates from a website named The Bitcoin Bugle, whose About page states that they publish fake news related to individuals who produce content or engage with Bitcoin. In addition, it says that their goal is to create news to fake that you will think its real.
The Bitcoin Bugles About page
In a recent interview with Vanity Fair magazine, Bndchen described her divorce from Brady as the death of my dream. She also mentioned:
Bndchen expressed to Vanity Fair that she had no regrets regarding her life with Brady. In announcing their separation in October 2022, Brady declared it was painful and difficult. Despite this, he conveyed that they both desire the best for each other as they embark on new life journeys.
The post Supermodel Gisele Bndchen Spotted With Vitalik Buterin; Rumors Debunked appeared first on Coin Edition.
See original on CoinEdition
See original here:
How Did the Ethereum Founders Contribute to its Development And Success? Cryptopolitan – Cryptopolitan
The Ethereum blockchain has been one of the most significant innovations in the cryptocurrency space in recent years, revolutionizing the way we think about decentralized applications and smart contracts. But behind this groundbreaking technology are the Ethereum founders, whose vision and expertise paved the way for its development and adoption. They are Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. Lets talk about them.
Vitalik Buterin is a Russian Canadian computer programmer, writer, and co-founder of Ethereum. Buterins early fascination with the possibilities of blockchain technology led him to become a prominent figure in the cryptocurrency community, writing for Bitcoin Magazine and contributing to the blockchain space before co-founding Ethereum.
In 2013, at 19, Buterin first proposed the idea of Ethereum, a blockchain platform that could support decentralized applications and smart contracts. The platform would allow developers to create decentralized applications that would run on a distributed network of computers, removing the need for intermediaries and creating a new paradigm for online interaction.
Buterins role in the development of Ethereum was instrumental. He contributed to the creation of the Ethereum Yellow Paper, which outlined the technical specifications of the platform, and developed the Solidity programming language, which has become the standard for writing smart contracts on the Ethereum network. Buterins focus on creating a user-friendly platform that could enable developers to create decentralized applications easily was key to the platforms success.
Beyond Ethereum, Buterin has continued to contribute to the broader blockchain ecosystem. He has worked on projects such as Plasma, a scaling framework for Ethereum that aims to increase the platforms transaction throughput.
In addition, Buterin has become an important thought leader in the blockchain community, attending conferences and events around the world to share his insights and ideas. He has been a vocal advocate for the potential of blockchain technology to transform industries beyond finance, including healthcare, supply chain management, and voting systems.
Buterins contributions to the blockchain industry have been recognized by a number of organizations and publications. In 2014, he was awarded the prestigious Thiel Fellowship, and in 2018 he was named to the Forbes 30 Under 30 list for technology. His work has helped to shape the direction of the blockchain industry, and his vision for a decentralized future continues to inspire developers and entrepreneurs around the world.
Gavin Wood is a prominent figure in the blockchain industry, known for his expertise in software engineering and cryptography. As one of the co-founders of Ethereum, Wood played a crucial role in the development of the platform, contributing to the creation of the Ethereum Yellow Paper and the Solidity programming language.
Woods contributions to the blockchain industry extend beyond Ethereum. In 2015, he founded Parity Technologies, a blockchain software development company that has worked on a number of projects related to blockchain scalability and interoperability. One of Paritys most notable projects is Polkadot, a blockchain platform that aims to provide interoperability between different blockchain networks.
Polkadot has gained significant traction within the blockchain community, and its innovative architecture has earned it recognition as one of the most promising blockchain projects currently under development. Woods focus on creating a scalable and interoperable platform has resonated with developers and entrepreneurs, and Polkadots potential to connect disparate blockchain networks has the potential to transform the way we think about blockchain technology.
Aside from Ethereum and Polkadot, Wood has been actively involved in numerous blockchain-related initiatives. He has spoken at conferences worldwide, sharing his vision for the future of blockchain technology and its potential to transform industries beyond finance. He has also served as an advisor to a number of blockchain projects, such as Orchid and Omise.
Woods contributions to the blockchain industry have been recognized by a number of publications. In 2018, he was named one of the 100 Most Influential People in Blockchain by Coindesk, and in 2019 he was included on the Forbes 40 Under 40 list for technology. His work has helped to shape the direction of the industry, and his vision for a decentralized future continues to inspire developers and entrepreneurs around the world.
Joseph Lubin is a co-founder of Ethereum and a prominent figure in the blockchain industry. Lubins background in technology and finance made him an ideal partner for Vitalik Buterin and Gavin Wood in the creation of Ethereum.
After co-founding Ethereum, Lubin went on to co-found ConsenSys, a blockchain-focused venture production studio. ConsenSys has been involved in a wide range of blockchain projects and initiatives, including the development of decentralized applications and the creation of blockchain-based solutions for enterprises.
Lubins contributions to the blockchain industry extend beyond Ethereum and ConsenSys. He has been involved in a number of other blockchain-related initiatives, including the founding of the Enterprise Ethereum Alliance, a global community of blockchain leaders working to promote the adoption of Ethereum technology in the enterprise space.
In addition to his work in blockchain, Lubin has been involved in a number of other industries throughout his career. He worked as a VP of technology at Goldman Sachs and founded a number of other companies before co-founding Ethereum.
Lubins impact on the blockchain industry has been significant, and his work on Ethereum, ConsenSys, and other initiatives has helped to shape the direction of the industry. He has been recognized as one of the most influential figures in the blockchain space, and his ongoing contributions to the industry continue to drive its growth and evolution.
Charles Hoskinson is a computer scientist and mathematician who was one of the original co-founders of Ethereum. Hoskinson played a crucial role in the early development of the platform and was instrumental in the creation of the Ethereum Foundation.
After co-founding Ethereum, Hoskinson went on to found IOHK, a blockchain research and development company that has been involved in a number of high-profile blockchain projects, including the creation of the Cardano blockchain platform.
Hoskinsons focus on creating blockchain solutions that are secure, scalable, and interoperable has earned him recognition as one of the most innovative thinkers in the blockchain industry. His work on Cardano, in particular, has gained significant traction within the blockchain community, with the platforms focus on research-driven development and scientific rigor setting it apart from other blockchain projects.
Along with his team, Hoskinson has been actively working on improving the platforms scalability and interoperability, which are key factors in its continued growth and success.
Anthony Di Iorio, another co-founder of Ethereum, played a significant role in the projects early development. Before Ethereum, Di Iorio was a prominent figure in the Canadian cryptocurrency scene, having co-founded the Bitcoin Alliance of Canada in 2013.
Di Iorio was first introduced to Ethereum by Vitalik Buterin in late 2013, and he quickly recognized the potential of the project. Along with Buterin, Gavin Wood, and several others, Di Iorio contributed to the initial development of Ethereum and helped to secure funding for the projects launch.
After the launch of Ethereum in 2015, Di Iorio continued to play a significant role in the projects growth and development. He co-founded the Ethereum-based startup Decentral, which aimed to build decentralized applications on top of the Ethereum blockchain. Decentrals most notable product was Jaxx, a popular multi-currency wallet that allowed users to store and manage multiple cryptocurrencies.
Di Iorio has been a vocal advocate for cryptocurrency and blockchain technology. He has invested in numerous blockchain projects and startups and is widely regarded as one of the most influential figures in the cryptocurrency industry.
The co-founders of Ethereum Vitalik Buterin, Gavin Wood, Joseph Lubin, Charles Hoskinson, and Anthony Di Iorio are some of the most influential figures in the blockchain industry. Their contributions to the development of Ethereum have helped to shape the direction of the industry and paved the way for the creation of new blockchain solutions and platforms.
Understanding the backgrounds and contributions of Ethereums founders is crucial for anyone looking to get involved in the blockchain industry. Their vision and dedication have helped to create a new era of decentralized technology, one that has transformed industries and changed the world as we know it.
Read more from the original source:
Zero Knowledge, The Crypto Privacy Research Thats Breaking Out Of Blockchain – Forbes
Zero Knowledge Ninja Breaking Out
getty
A little known privacy tech is receiving massive amounts of funding from the blockchain industry. It could transform how we live and work together. It turns out, it doesnt need blockchains to do it.
Although institutions and investors are fleeing association with blockchain, amid stories of rampant fraud and dysfunction, there's at least one technology coming out of the crypto ecosystem with potential far beyond blockchain projects and cryptocurrency. This sector of privacy tech tools and research is called Zero Knowledge cryptography, or ZK for short.
In simplest terms, ZK is a tool to prove that you know the truth about something without offering up the details to others and worrying about what they might do with that information. Thats a handy trick, but the technique is incredibly complex and difficult to scale.
Examples of crypto organizations investing heavily in ZK research include the =nil; Foundation that raised $22 million this past January for a ZK-powered marketplace, the Ethereum Foundations ongoing 2023 ZK research grants, and the millions of venture capital raised by ZK companies like Starkware. All this investment is starting to produce practical results.
Public blockchains, which make cryptocurrency possible, are essentially digital nudist colonies on public beaches. Everything ever written to them is visible to anyone. Even if you use encryption, you're leaving tracks in the sand that can be used to learn who you are, what you have, and who you interact with. ZK is a way to avoid making those tracks.
With a chance to solve a fundamental privacy problem like that, it's no wonder that crypto industry companies like PolygonMATIC and AlgorandALGO are hiring top ZK talent and dumping millions into their research with significant results:
Work like this is driving down costs and complexity while expanding the number of ZK tools and practical use cases.
With all these advances, its becoming clear that much of ZKs impact lies far beyond blockchain.
Vitalik Buterin (Photo by Michael Ciaglo)
Getty Images
Even blockchain leaders agree. EthereumETH co-founder Vitalik Buterin said in 2022 that ZK is necessary for blockchains, but also that ZK alone will be at least as important in shaping the future of the whole tech industry.
This wider view of ZK is starting to drive real innovation in how organizations think about solving problems, particularly where the solutions require coordination between people, companies and governments that cant share data directly with each other. For example, ZK proofs can be used for verifying content and prohibiting malicious data sharing, like fake images.
Fake images on the internet have always been a problem, but in a world of increasing conflict and tribalism, the use of images that aren't what they seem is causing outrage and eroding trust. To address this problem, a group called the C2PA proposed an industry standard for photographic digital signatures. Already some camera chipsets are implementing it. But it's easy to defeat the signature when editing the image, and nearly all images shared on the internet are edited in some way.
Thats why Stanford researchers Trisha Datta and Dan Boneh developed a ZK method to prove that an image has only undergone permitted transformations, like scaling. Problem solved, no blockchain involved.
WalmartWMT created a supply chain network on a blockchain in 2018 to track down contaminated food. Vendors resisted the project. Another supply chain project led by Maersk was recently shut down. Companies participating in these projects, some of which competed with each other, didn't want their internal data sitting in a shared system, blockchain or otherwise. A ZK approach addresses this concern by leaving the data in each company's internal system and generating ZK proofs about anything from customs certifications to shipping status. There's no need for a blockchain in these cases.
Unless you're trying to prevent issues like financial double-spending, creating ZK proofs and validating them can be done faster and cheaper on traditional computing infrastructure.
Blockchains can still be useful in non-cryptocurrency ZK applications. The Baseline Protocol is a standards body I worked on with industry leaders such as Ernst & Young, ConsenSys, MicrosoftMSFTand SAP. It advocates using ZK proofs to orchestrate services like Google Maps and TwilioTWLO without exposing data between them. The baselining technique reduces the need to copy data between systems, which can be a real comfort to companies worried about data leaks.
The standard does not require any cryptocurrency or specific blockchain. But a blockchain is a handy, always-on, tamper-resistant bulletin board for publishing ZK proofs in order to signal other services that it's their turn to do something.
Cryptocurrency stakeholders are continuing to double-down on ZK research. Token networks like ZcashZEC use ZK proofs. Projects like Mina and Aztec are continuing to roll out. And so called zkEVMs are all the rage among Ethereum scaling enthusiasts. Even if ZK has a long life ahead of it beyond blockchain, some of its most obvious uses are still relevant in the crypto community.
If you're thinking that high-security file validation, enterprise system integration and web service orchestration constitute incredibly boring uses of exciting technologies like blockchain and ZK...youd be right. But maybe, after a decade of blockchain hyperbole, boring is just what we need.
Im a veteran tech industry executive who co-founded IBM Blockchain, Hyperledger Foundation, the zero-knowledge standards body, Baseline Protocol, the ride hailing company, Flywheel, and the international life science research consortium, IXC. Ive been a guest lecturer focused on technology and entrepreneurship at universities such as Duke, UC Berkeley and UNSW. I received a BA from UC Berkeley, an MBA from Georgetown University, and previously served on the board of directors for the non-profit Silicon Valley Forum. These days Im focused on using privacy tech such as zero-knowledge cryptography and encrypted search to help companies in fintech, supply chain and manufacturing work together without exposing sensitive data.
More here:
Zero Knowledge, The Crypto Privacy Research Thats Breaking Out Of Blockchain - Forbes
Ethereum (ETH) Price Clears Long-Term Resistance Level – BeInCrypto
The Ethereum (ETH) price broke out from a long-term descending resistance line that had been in place since the all-time high.
ETH is the native token of the Ethereum blockchain, created by Vitalik Buterin. After Bitcoin (BTC), it is the largest cryptocurrency by market capitalization. The ETH price has increased rapidly since March 10 (green icon), when it reached a low of $1,368. The increase caused a reclaim of the $1,690 resistance area and led to a new yearly high of $1,841. Moreover, it caused the RSI to break out from its bearish divergence trend line (green line).
These are both signs of a bullish trend and support an increase as long as the price does not close below the $1,690 horizontal area. If that occurs, ETH could fall to the ascending support line at $1,400.
The ETH price had fallen under a descending resistance line since reaching an all-time high price of $4,868 in November 2021. The downward movement culminated with a low of $881 in June 2022. The price has increased since.
After deviating below the $1,370 horizontal area twice (red circle), the price reclaimed the area and validated it as support during the week of March 6-13, creating a long lower wick (green icon).
The next week, the Ethereum price broke out from the descending resistance line mentioned above. At the time of the breakout, the line had been in place for 490 days. Breakouts from such long-term structures often lead to significant upward movements. Moreover, the weekly RSI broke out above the 50 line, another bullish sign.
If the increase continues, the next resistances would be at $1,980 and $2,400, the latter being the 0.382 Fib retracement resistance.
The Ethereum price wave count also supports the continuation of the increase. While it is uncertain if the upward movement is part of an A-B-C structure (black) or a five-wave increase (white), both indicate that an upward movement toward at least $2,450 is expected. This would give waves A:C a 1:1 ratio and would align with the previously outlined Fib resistance area.
Then, the reaction once the price gets there will likely be crucial in determining if the ETH price will increase toward a new all-time high or if it will decrease.
To conclude, the most likely ETH price forecast is an increase toward at least $2,450. However, a close below $1,690 would invalidate this bullish outlook and could cause a fall to $1,400.
For BeInCryptos latest crypto market analysis,click here.
BeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
More here:
Ethereum (ETH) Price Clears Long-Term Resistance Level - BeInCrypto
Crypto Wiki: What is zkSync? – Blockmanity
Quick Summary: zkSync is a Layer 2 scaling solution for Ethereum that utilizes zero-knowledge proofs to ensure the security and privacy of transactions. Compatible with EMV standards, zkSync allows for faster and more cost-effective transactions while preserving the security of the Ethereum network. zkSync is created and run by Matter lab. The protocol has raised $469 million in funding from prominent investors.
zkSync (pronounced zee-kay-sync) is a layer-2 Ethereum scaling solution that implements Zero Knowledge rollups, a much-awaited scaling solution proposed by Vitalik Buterin for Ethereum. It is one of the first protocols to build a fully EVM-compatible zk-rollup, allowing developers to easily deploy their current Ethereum DApps to zkSync with minimal modifications.
Designed by Matter Labs, zkSync has raised $469 million in funding and has already bridged almost $871 million worth of assets to its network, making it one of the most promising Ethereum scaling solutions.
zkSync is an EVM-compatible network that is part of a family of Layer-2 scaling solutions. Specifically, zkSync implements zero-knowledge proof cryptography, which allows for transactions to be executed off-chain while still ensuring their validity through a valid cryptographic proof that is submitted to the main chain.
As zkSync is an EVM-compatible blockchain, developers can easily use it with little to no modification on their existing smart contracts. However, its important to note that zkSync makes some changes to the Ethereum bytecode, so developers may need to perform an additional compilation step when porting their application to zkSync.
With its implementation of zero-knowledge proof cryptography, zkSync offers a range of benefits for the Ethereum ecosystem, including faster transaction times, lower fees, and increased scalability.
One major challenge that has plagued the blockchain industry from the start is scalability. To compete with traditional centralized payment networks, blockchains must be able to match their speed, but decentralization and security have made this difficult.
This challenge has been dubbed the Blockchain Trilemma which states that a blockchain can only have two out of three things: security, scalability, and decentralization. Popular blockchains like Bitcoin and Ethereum have chosen to prioritize security and decentralization, which has left them struggling to keep up with the transaction throughput of traditional networks.
Many popular blockchains such as Bitcoin and Ethereum focus on security and decentralization.
But if blockchains have to replace the legacy network, they have to match the the transaction throughput of the current systems.
Enter Layer 2 network these networks build on top of an underlying blockchain protocol to improve speed and efficiency. By shifting the bulk of computation to a different network adjacent to the main network, the base layer is less congested and ultimately more scalable.
zkSync is an example of Layer 2 scaling solutions.
There are currently 5 types of layer-2 scaling solutions:
A Rollup is a type of scaling solution for Ethereum that operates off the main Ethereum network. It works by bundling individual transactions into batches, which are then executed separately and the resulting data is posted to the main Ethereum network once all the transactions in the batch have been processed. This approach enables faster transaction processing while still ensuring the security of the Ethereum network.
There are currently two types of Rollups
zkSync is an example of ZK-Rollups.
ZK Rollups are a specific type of Rollup solution for Ethereum that operates off-chain, where transactions are bundled together and processed outside the main Ethereum network. ZK Rollups use zero knowledge cryptography to provide a validity proof that proves the accuracy of the transaction without revealing any transaction details. This proof ensures that the changes made to the Ethereum network are a direct result of the transactions in the batch. This approach allows for faster processing times and increased privacy while maintaining the security and integrity of the Ethereum network.
zkSync is an example of zk-rollup based scaling solution for Ethereum.
zkSync is a state-of-the-art Ethereum scaling solution that utilizes zero-knowledge rollups technology, which offers several benefits over traditional methods. With zkSync, users can enjoy lower gas fees and higher transaction throughput thanks to the use of zk-rollups. This cutting-edge approach to scaling has positioned zkSync as a promising solution for those seeking faster, more efficient, and cost-effective Ethereum transactions.
Here are a list of the top features and benefits of zkSync
zkSync is pretty straightforward to use if you are familiar with other blockchains.
For Developers: Developers can instantly port their existing EVM compaitbale DApp to zkSync. zKSync has a great migration guide which can be helpful if you are planning to migrate your DApp to zkSync.
For Individuals: Individual first need to bridge their assets to zkSync via a bridge. zkSync has provided an official bridge for the same. Once bridged, assets can be used similar to any EVM based blockchain.
With its growing list of DeFi projects and features, zkSync is quickly becoming one of the most important platforms for the DeFi ecosystem. The network has seen a massive bridging of assets on the network, with approximately $871 million USD worth of assets bridged so far.
Some of the DeFi projects that have announced their launch on zkSync are:
and hundreds of more protocols. The full and the latest list can be found on zkSyncs ecosystem page.
Although ZKSync currently does not have a native token, the company has stated that there will be a token introduced in the future that will be used for staking and becoming a validator on the network. Users may also be rewarded with an airdrop, similar to the Optimism airdrop. This native token will likely play an important role in the ecosystem and offer additional benefits to users of the network.
For the best chance of receiving the zkSync airdrop we suggest you read our guide on how to get zkSync Airdrop.
zkSync is being designed and developed by Matter Labs, a Berlin based startup with a vision to scale Ethereum. The company was founded in 2018.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Read more:
New Meme Coin Dogetti prepares to rival Ethereum and Theta’s … – Euro Weekly News
As we await Dogettis (DETI) presale information, we look into past successful launches in the cryptocurrency market, particularly on the Ethereum network. As the meme coin project looks to be launched right at the top of the charts, the developers will be looking to achieve similar presale successes as Theta Network (THETA), and Ethereum (ETH) had.
Both tokens recorded about $19 million each in their presales, breaking the market barriers even before they were listed on exchanges. Heres a brief review of the tokens and Dogettis (DETI) progress so far.
Ethereum (ETH) was launched in 2015 following the successful establishment of DeFi in the financial market. The token was developed by Vitalik Buterin, founder of the Bitcoin Magazine, and it looked to provide a faster, more scalable network than Bitcoin.
The Ethereum (ETH) network initially ran on a proof of work protocol, incentivising the mining of tokens for the users. However, the protocol got too slow for the rapidly growing Ethereum community, and the network started experiencing lags. Also, the gas fees on the Ethereum blockchain got even more expensive, forcing the developers to create and launch sidechain networks like Polygon for users to conduct their transactions.
These developments called for an upgrade to a proof of stake protocol, which occurred late in 2022. The protocol is already functioning, and users hope the price of gas fees drops considerably even as speed on the network has improved.
Ethereum (ETH) thrives on the several blockchain services it offers to users and other token platforms. The network is home to several DApps, Web3 solutions, and applications that would improve blockchain experiences for users. It also hosts other tokens, saving them the costs of building another blockchain. Because of these, the Ethereum network is the most widely used interface in the cryptocurrency market, as its even further involved in Metaverse operations and NFT craft and trade.
Like every other coin, Ethereum (ETH) has been on the rise since the start of the bull run, as it now sells at $1675.88 on Coinbase.
Theta (THETA) is an innovative contribution to the blockchain, as it is the only platform to address streaming quality throughout the crypto space. The developers have managed to incentivise video and bandwidth sharing so that users can access videos and watch them with high-definition resolution. Edgecast is a key tool used for this purpose, as the users upload their videos for public access.
Theta Network (THETA) originally launched on the Ethereum blockchain in 2017, harnessing a collection of DApps to attain a $19 million presale event. The token has moved to a permanent blockchain but still maintains a connection with Ethereum, where it promotes its services to the vast user base.
Theta Network (THETA) runs on an altered proof of stage protocol called the Byzantine Fault Tolerance, which is an even faster modification of the regular proof of stake code. With BFT, transactions get validated within seconds, as there is a smaller team of validators attached to a larger guardian group. The speedy network is an instant attraction for mobile telecom corporations like Samsung that partnered with Theta.
THETA, the official token governing the network, sells for about $1.07 on Coinbase.
Given the regular successes associated with launches on the Ethereum network, Dogetti (DETI) will have a little problem listing at a great price on the cryptocurrency market. The token intends to leverage the vast user network, extensive DApps, and security of the mother blockchain to develop into a contemporary crypto platform.
A word from the developers indicates that Dogettis (DETI) starting features will include an exchange platform, an NFT store, and a DAO structure. The protocol is uncharacteristic for the average memecoin, but Dogetti (DETI) dares to be different, thus communicating the developers commitments to the long-term relevance of the token.
The exchange system, DogettiSwap, will provide an avenue for users to easily access DETI tokens by converting their assets from other token types on the Ethereum network. This initiative reduces the need to get to an exchange before getting DETI tokens. Also, the proximity of the exchange to Dogetti (DETI) makes it convenient for users to swap their coins anytime.
The NFT marketplace on Dogetti (DETI) is designed to allow users to access, create, and trade NFTs as artwork within and outside the network. The developers and users can create and launch their respective NFT projects on the site to allow more participation within the NFT market.
Dogetti (DETI) will soon hit the markets with its presale and launch events. Stay tuned for more updates from the developers.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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
Originally posted here:
New Meme Coin Dogetti prepares to rival Ethereum and Theta's ... - Euro Weekly News
Bitcoin, Ethereum, Dogecoin Rise As Equities Face Banking Anxiety … – Investing.com UK
Benzinga - Major coins were seen in the green on Thursday evening as the global cryptocurrency market cap rose 3.2% to $1.2 trillion at the time of writing.
Price Performance Of Major Coins Coin 24-hour 7-day Price
Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price
Why It Matters: Ethereum, the second-largest coin by market cap, saw larger gains over 24 hours than Bitcoin at the time of writing.
Cryptocurrencies were buoyant on a day when the tech-heavy Nasdaq closed over 1% in the green. However, at the time of writing, U.S. stock futures were largely flat as equity investors shifted their attention back to the U.S. banking crisis.
The post-Fed selloff came from [Janet Yellens] comment that they havent looked at backing all bank deposits with FDIC insurance. This was bad news for the banks and contagion fears, said Edward Moya, a senior market analyst with OANDA.
Moya said, in a note seen by Benzinga, that Bitcoin needs a fresh catalyst to break above the $30,000 mark.
Bitcoin is facing major resistance at the $30,000 level. The recent crypto rally has been fueled by bank runs that have led many to become skeptical of traditional banking given all the vulnerabilities with deposit flights.
Jack Dorsey-led Block Inc (NASDAQ: SQ) shares fell heavily on Thursday after Hindenburg Research put out a bearish report on the Bitcoin-centric company. The short seller alleged that Block intentionally misled investors by disguising predatory loans and fees as technology.
Block called the report misleading and said it intends to work with the Securities and Exchange Commission and explore legal action against Hindenburg for its factually inaccurate and misleading publication.
Michal van de Poppe said that he would like to see an area at $27,700 hold for continuation. If lost, then I'd still be looking at $25,300-25,800 for longs before [$40,000], said the Amsterdam-based trader.
On Ethereum, Justin Bennett said that everything hinges on $1,680 and he said that this was arguably the most significant level for the Vitalik Buterin co-founded cryptocurrency.
On the Altcoin side, several large transactions among the biggest of the year for their respective networks have been noted by Santiment. The market intelligence platform said that both Polygon (MATIC) and Fetch.ai (FET) have seen a transaction valued at over $40 million on their networks. Other Altcoins that have seen large whale moves include Decentraland (MANA), DIA (DIA), Immutable (IMX), and The Sandbox (SAND).
The rest is here:
Bitcoin, Ethereum, Dogecoin Rise As Equities Face Banking Anxiety ... - Investing.com UK