Ethereum 

60% Tell Vitalik Buterin ‘No’ to Ethereum Reversing Transactions

Ethereum co-founder Vitalik Buterin has sparked controversy among cryptocurrency users after suggesting developers could reverse transactions.  Buterin’s community feedback falls flat In a Twitter survey on Oct. 26, Buterin quizzed followers about their opinion of reversing chain activity in the event of a major hack of an exchange or similar entity.  “Suppose a popular smart contract wallet that a large portion of the ETH community uses gets hacked. This could be reverted by reverting all chain activity since the hack and doing a DAO-style HF to recover the funds,” he…

Read More
Bitcoin 

Google’s Quantum Computer Still Far From Useful, Says Vitalik Buterin

Ethereum co-founder Vitalik Buterin is not at all impressed by the perceived threat Bitcoin (BTC) faces from Google’s quantum computer. Buterin took to Twitter on Oct. 23, where he commented on the news that Google had achieved quantum supremacy, meaning that a quantum computer has solved a mathematical calculation that would take any traditional computer millenia to solve. Buterin shared a seemingly snarky analogy: “My one-sentence impression of recent quantum supremacy stuff so far is that it is to real quantum computing what hydrogen bombs are to nuclear fusion. Proof…

Read More
Ethereum 

PoS Will Make Ethereum More Secure Than Bitcoin, Says Vitalik Buterin

After the proof-of-stake (PoS) consensus algorithm will be implemented in Ethereum’s (ETH) blockchain, it would become more secure and costly to attack than Bitcoin (BTC), co-founder Vitalik Buterin has stated. Buterin has voiced this opinion during Devcon 5, the Ethereum developers conference that took place in Osaka on Oct. 8–11. He specifically noted that — after the transition to PoS — higher cost of a potential attack would make Ethereum the safer network of the two. Some men just want to watch the blockchain burn Buterin started his presentation by…

Read More
Ethereum 

Ethereum Co-Founder Vitalik Buterin Proposes Creating On-Chain Ether Mixer

Ethereum (ETH) co-founder Vitalik Buterin has proposed creating an on-chain smart contract-based ether mixer in a note on collaborative development platform HackMD on May 24. In his note, Buterin argues that the Ethereum ecosystem needs more privacy, and points out that the default behavior is to do everything through a single account, allowing for all of the user’s activities to be linked to each other. Furthermore, he notes that simply spreading the ether across multiple addresses is not a solution, since the transactions sending ETH to those wallets connect them.…

Read More
Ethereum 

Vitalik Buterin Tweets ETH Development Proposals After Elon Musk’s ‘Ethereum’ Tweet Bait

Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with ether (ETH) co-founder Vitalik Buterin with his laconic one-word tweet “Ethereum” on April 29. The tweet, which Musk swiftly ironized by adding “jk” within the same thread, prompted Buterin to extend an invitation to Musk for Ethereum’s DevCon in October. In response, Musk asked Buterin the question, “What should be developed on Ethereum?” Buterin listed five of his top picks for the network’s developments, peppered with references to his own past Twitter threads and Ethereum research content. Foremost…

Read More
Ethereum 

Vitalik Buterin Says Non-Financial Blockchain Use Cases Are a ‘Harder Pitch’

Ethereum (ETH) co-founder Vitalik Buterin says that blockchain applications outside of finance face more difficulty gaining traction, as the primary added value they offer is decentralization. Buterin made his remarks during a speech at crypto event Token 2049 in Hong Kong on March 13. Buterin began by noting that finance is “realistically the first blockchain [application] that will probably achieve wide scale adoption,” and that even though he is a self-declared huge fan of other applications: “The problem is that decentralization is basically their value add. With finance you’re competing…

Read More
Ethereum 

Vitalik Buterin Proposes That Wallets Charge Gas Fee for Transactions

Ethereum (ETH) co-founder Vitalik Buterin  proposed that wallets charge a gas fee for transactions in order to support developers in a tweet on March 8. Gas is a unit for measuring the computational work of operating transactions or smart contracts in the Ethereum network, wherein different kinds of transactions require a different volume of gas to execute. Gas price is the price of ETH a user wants to pay for every unit of gas measured in gwei, while gas limit represents the maximum amount of gas a user will pay…

Read More