Ethereum co-founder Vitalik Buterin said that issuance on the Ethereum 2.0 upgrade will be drastically reduced in a podcast interview with POV Crypto called “Internet Money”. Discussing some of the differences between Bitcoin (BTC) and Ethereum (ETH), Buterin explained why the team chose Proof of Stake as the upgraded consensus mechanism: “One of the reasons why we’re doing Proof of Stake is because we want to greatly reduce the issuance. So in the specs for ETH 2.0 I think we have put out a calculation that the theoretical maximum issuance would be something like 2 million a year if literally …

Vitalik Buterin, co-founder of the distributed Blockchain-computing platform, Ethereum, has had a lot to say in recent weeks. On April 25, Buterin appeared on The Shitcoin Dot Com Show to discuss the upcoming launch of Ethereum 2.0. During the interview, Vitalik was asked what people should do with their Ethereum miners once the network switches from its current consensus algorithm to a model where this specialized hardware is no longer required. Currently, Ethereum employs a custom version of Proof-of-Work, called Ethash. This system requires vast amounts of computing resources to validate new blocks on the Ethereum blockchain. An early milestone …

Ethereum founder Vitalik Buterin has taken a veiled swipe at Satoshi claimant Craig Wright over his blockchain patent portfolio, resulting in a heated debate on Twitter. Buterin said that anyone who brags over blockchain patents does not understand blockchain: Tweet: If you're bragging about how many "blockchain patents" your country/company/organization has, you don't understand blockchains. — vitalik.eth (@VitalikButerin) April 23, 2020 Wright (nChain’s chief scientist) claims nChain has filed more than 800 applications for blockchain patents, and has been granted between 50 to 100. This patent portfolio poses a legal threat to blockchain projects from Bitcoin Cash to Lightning, and …

In a recent interview with Cointelegraph, Ethereum co-founder and Cardano (ADA) founder Charles Hoskinson discussed a potential early acquisition that could have made a world of difference for Ethereum. According to Hoskinson, had Vitalik Buterin applied the Snow White Proof-of-Stake (PoS) consensus developed by Elaine Shi, it would have greatly expedited the development of Ethereum 2.0: “My biggest problem is that he hasn't divided and conquered. Like, for example, the development of Casper — with Casper, Vitalik could have gone to Cornell and went to Elaine Shi. She wrote a great protocol, called 'Snow White,' it’s a competitor of our …

Cointelegraph recently sat down for an interview with Ethereum (ETH) co-founder and Cardano (ADA) founder Charles Hoskinson. During the interview, he discussed his criticism of the development of the Ethereum platform. “His first project” Hoskinson believes that one of the main reasons why Ethereum’s development has struggled is that too much hinges on Vitalik Buterin personally: “So, basically Ethereum moves at the speed of Vitalik. So if he knows how to do something very well and he's become very competent in something, they have a handle on it. But when you're talking about research, when you're talking about actually delivering …

Kadan Stadelmann, the chief technology officer of decentralized exchange AtomicDEX, believes it’s only a matter of time before Binance implodes. Atomic bomb AtomicDEX is a decentralized exchange built on top of the Komodo (KMD) multi-chain platform. It claims to be “the industry’s most advanced peer-to-peer mobile-first atomic swap protocol”. Talking to Cointelegraph, Stadelmann explained why users should not trust big centralized exchanges like Binance: “I absolutely do think [Binance and other major centralized exchanges] is just like a ticking time bomb. We don't know what is happening with these funds, are they even in a secure and safe environment? But …

Ethereum’s Vitalik Buterin lamented what he regards as an example of the “Justin Sun dictatorship,” after the TRON (TRX) founder was implicated in yet another plagiarism controversy. A recent rebranding of the BitTorrent File System (BTFS) was met with outrage by Juan Benet, creator of IPFS — or Interplanetary File System. Benet pointed out similarities between the new BTFS logo and that of IPFS, and alleged that the similarities don’t stop there. He tweeted: “Aaaaaahahaha it’s not enough to fork all our code, rebrand it and lie its theirs; copy paste random chunks of our papers, and defraud their investors …

Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for momentum. From a coin price of $0.239453 on March 16, the value of Komodo climbed to a peak of $0.485010 on April 14 — a 102% increase. KMD/USD 1 Month Chart: Coin360 That’s in stark contrast to the previous month’s performance, which saw the coin price drop by over 75% from February’s high of $0.920051. Komodo’s recent history Komodo can trace its existence in some form all …

As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate. Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), highlighted the two worst Bitcoin price predictions ever made since the digital currency was introduced back in 2009. In an April 6 tweet, Buterin emphasized that price predictions on crypto markets are “notorious for turning out …

Ethereum co-founder Vitalik Buterin was involved in a spat with a Bitcoin developer on Twitter yesterday, when he suggested BTC was originally designed to be P2P cash, not digital gold. Replying to Blockstream employee Zack Voell who claimed that Bitcoin was, is, and always shall be digital gold, Buterin pointed out the narrative had changed since 2011: “I joined Bitcoin land in 2011 and back then I remember a clear vibe that Bitcoin was P2P cash first and gold second.” Source: Twitter: Vitalik Buterin, Zack Voell Buterin’s view that Bitcoin was originally intended to be peer-to-peer electronic cash is one …

With cases of the deadly coronavirus still popping up at an unprecedented rate around the world, many prominent members of the blockchain and crypto industries have heeded the global cry for help and have swiftly engaged in meaningful action — be it in terms of direct research-related participation, or through the donation of funds or resource materials, such as masks, sanitization equipment, etc. For example, as early as January, premier cryptocurrency exchange Binance had already donated $1.4 million worth of medical supplies to Chinese authorities in a massive effort to combat the devastating effects of the coronavirus. Dubbed as the …

The NULS Technical Community (NULS) has released a blueprint for Nerve Network, a cross-chain protocol. Until now, the mysterious mastermind behind the network was known only known as “Berzeck”. Vitalik’s dream come true Nerve Network is tackling the same issue as Cosmos (Atom) and Polkadot — a lack of cross-chain interoperability. This is something that Vitalik Buterin has recently lamented about: “We should put resources toward a proper (trustless, serverless, maximally Uniswap-like UX) ETH <-> BTC decentralized exchange. It's embarrassing that we still can't easily move between the two largest crypto ecosystems trustlessly.” Nerve Network has two layers of super-nodes. …