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A notable figure in the Shiba Inu community has established a connection between SHIB and Ethereum.

In a recent post on X, acclaimed crypto expert Del Crxpto attempted to forge a link between Shiba Inu and Ethereum, drawing on the co-founders of both projects.

Specifically, Del Crxpto recounted when Ethereum co-founder Vitalik Buterin donated multi-billion dollar worth of Shiba Inu to a COVID-19 relief effort. Del Crxpto claimed Shiba Inu ecosystem lead, Shytoshi Kusama, transferred the tokens to Buterin.

Interestingly, the COVID-19 relief initiative concerned Crypto Relief India, a crypto-based humanitarian endeavor.

The foundation received a staggering $1.5 billion in Shiba Inu from Vitalik Buterin to finance its COVID-19 relief effort. Accordingly, Crypto Relief India liquidated a portion of the Shiba Inu donation to raise $460 million.

In a separate development last year, Buterin contributed over $150,000 to a wallet endorsed by Shiba Inus leader. The fund was directed towards aiding victims of earthquakes in Turkey. Moreover, the SHIB Army contributed to a charitable initiative Buterin established in response to the global pandemic.

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Considering these developments, Del Crxpto prompted the SHIB Army to recollect how the broader community initially perceived the interaction between Kusama and Buterin as a mere coincidence.

In parallel, he emphasized that nobody should be taken aback by what the future holds for SHIB, asserting that the signs were always there. In reaction, another Shiba Inu enthusiast echoed a similar sentiment, speculating: Vitalik knows who created SHIB for surethe OG pic with supposedly Shytoshi. Then, magically, billions were sent to his wallet. Like, how did they know that address

Essentially, these voices sought to establish that Vitalik Buterin has more profound relationships with the Shiba Inu ecosystem than the public knows, suggesting SHIB is bound to follow ETHs success.

Significantly, in 2021, the Ethereum founder reportedly destroyed 90% of his Shiba Inu tokens, valued at over $6.5 billion, compounding the assets growth. Buterin further pledged to contribute his remaining Shiba Inu tokens to charity causes.

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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Expert Establishes Connection Between Shiba Inu and Ethereum - The Crypto Basic

Vitalik Buterin, co-founder of the Ethereum network, identifies Layer-2 scaling solutions as a key element for the platforms advancement. Enabled by the Layer-2 upgrade, the Dencun, which dramatically brought down transaction fees on dApps, he called for development efforts now.

In his opinion, the previous decade has been all about Ethereums internal development; however, the world impact is to come during the next one. The upgrade on Dencun led to a bridge that aims to facilitate two-layer Layer-2 improvements in scalability, privacy, and security.

This shift does not diminish the significance of Layer-1, which will still be the base upon which Layer-2 may be pinned. Nevertheless, a mindset shift would be pivotal for Layer-1 development to transition into a deceleration phase, as this is a critical step towards network stability.

However, Buterin stresses the progress made in the Layer-1 area, among which zero-knowledge-proofs (ZKPs) are recent inventions that make it possible to scale and provide users with privacy. Those tools are examples of how it may become easier to create dApps with Layer-2.

According to him, developers have to be proficient in Layer-2 mechanisms and modern development infrastructure to address challenges related to speed, security, and privacy.

In this case, Ethereum will only achieve its goal to migrate from the old internet and blockchain paradigms to the new ones if Buterins theory holds true and propels Ethereum to significantly impact the internet and traditional finance.

The recent rapid fee reduction across platforms like zkSync Era, StarkNet, Base, and Optimism is creating more room for growth in the number of people interacting with Ethereum.

Also Read: MANTRA Aims to Bring RWA Tokenization to The Middle East and Asia

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Ethereum Shifts Focus to Layer-2 for Scalability and Growth - Crypto Times

Vitalik Buterin, Ethereums co-founder, has unveiled a detailed plan to safeguard the blockchain against quantum threats. Recognizing the potential for quantum computers to breach traditional cryptographic defenses, Buterin proposes a blend of quantum-resistant cryptography and strategic preparedness.

This plan aims to shield Ethereum and its users assets from quantum vulnerabilities.

Central to Ethereums defense strategy is adopting quantum-resistant cryptographic methods, like Winternitz signatures and the zero-knowledge proof technology STARKs. Buterin plans to integrate these technologies through account abstraction. This approach empowers users to migrate to quantum-safe schemes at their own pace, ensuring a seamless transition.

However, Buterin also warns of the risks of a sudden quantum leap. To counter this, he suggests a simple recovery fork to protect users funds in case of an unforeseen quantum advancement.

Ethereums vulnerability to quantum computing arises from its reliance on elliptic curve multiplication for generating addresses. This process is potentially reversible by quantum computers. Nonetheless, Buterin points out that most Ethereum keys, produced through hash calculations or similar to BIP-32 methods, naturally resist quantum attacks due to the irreversible nature of hashing.

Building on this insight, he proposes an Ethereum Improvement Proposal (EIP) for a hard fork designed to fortify the network against quantum dangers. This EIP encompasses disabling traditional transactions, incorporating smart contract wallets, and enabling STARK proofs to enhance security and gas efficiency.

The infrastructure to implement a hard fork like this could, in principle start to be built tomorrow, making the Ethereum ecosystem maximally ready in case a quantum emergency does actually come to pass, Buterin stated.

Read more: Ethereum EIPs: What Are They? How Are They Implemented?

Amidst the cryptographic communitys debates, claims by Chinese researchers about cracking RSA encryption with quantum technology have raised alarms. However, the SHA256 algorithm, crucial to Bitcoins security, remains secure against quantum threats.

This distinction between encryption and hashing functions sheds light on the nuanced battlefield of quantum cryptography, where advancements in quantum computing do not necessarily equate to immediate vulnerabilities in blockchain technologies.

Nonetheless, the race towards quantum computing is gaining momentum, highlighted by IBMs roadmap towards more powerful quantum computers and the emergence of other key players. While the direct impact on blockchain encryption is still speculative, the evolving quantum ecosystem necessitates preemptive and robust cryptographic defenses.

The broader implications of quantum computing extend beyond blockchain security, significantly impacting the arena of artificial intelligence and AI chatbots. The advent of quantum computing promises to revolutionize AI by offering unprecedented computational power, potentially outpacing the capabilities of current AI systems, including sophisticated AI chatbots like ChatGPT.

Read more: 13 Best AI Crypto Trading Bots To Maximize Your Profits

However, this integration also introduces challenges, particularly in data security. Quantum computers have the theoretical capability to break current encryption methods, posing a significant threat to the confidentiality and integrity of data across various industries, including the data utilized by AI chatbots for training and operation.

Disclaimer

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Can Ethereum Survive a Quantum Attack? Vitalik Buterin Weighs in - BeInCrypto

Key Takeaways

After Ethereum underwent Dencun upgrade to increase scalability and efficiency, ETH price has been sluggish. Meanwhile, rival blockchainSolanais just 35% down from its all-time high. Is the upgrade givingSolanaa competitive edge?

Ethereums Dencun went live on March 13 and marked a major step in scalability. Ethereum co-founder Vitalik Buterin took toWarpcastto state that they have hit a goal of Basic rollup scaling, which means theyve improved how Ethereum handles a lot of transactions at once.

He continues to state that now ETH is moving on to work on two new things: verkle trees and history expiry.

Verkle trees will make it possible for validators to do their job without needing a lot of computer memory. This is like having a really efficient way to check and keep the network secure without taking up almost nil disk space on the nodes. It will also make it much quicker for someone to start participating in the network as a validator to support the network on their own (solo staking).

Ethereumdeveloper Tim Beiko took to X to state that Dencun update is one of the most complicated changes theyve made to Ethereum since the Merge.

Beiko notes that it also has as many individual updates, known as EIPs (Ethereum Improvement Proposals), as a previous major update called Byzantium.

Meanwhile, ETH price has taken a hit on March 14 and is trading under the psychological level of $4K at press time.

Solanaon the other hand has clocked in gains. As per CoinGecko data, SOL is trading 36% under its all-time high which was surpassed in 2021. It has gained at least 13% in the run-up to the upgrade in 7 days.

The introduction of EIP-4844 is a crucial update as it aims to alter how transaction fees are calculated and reduce costs for L2s. For instance, ArbOS Atlas is also bringing about reductions in fees for users of Arbitrum One. But what is noteworthy is the hike in dollars locked on Solana. In March, the ecofriendly chain has continued to increase its total value locked (TVL) and is inching closer to $4b.

In 7 days, Solana also experienced a positive shift in investor behavior. As per CoinShares data, it attracted $24m in inflows, despite recently facing a downturn in market confidence due to network outage.

Meanwhile,Ethereum, which has had a strong year in terms of attracting investments, witnessed a slight retreat with $2.1m leaving the platform during the same period.

The Ethereum Dencun upgrade sets new benchmarks for scalability and efficiency for L2. Meanwhile, despite the February outage in Solana, inflows continue to pour in for the eco-friendly chain. As Ethereum gears up for further upgrades,Solanais making waves, potentially shaking up the second-largest chain competitively.

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Ethereum Dencun Upgrade: Solana Reaction is a Competitive Stir - CCN.com

In the rapidly evolving landscape of cryptocurrency, the intersection of technology and politics has become increasingly prominent. As governments around the world grapple with how to regulate and integrate digital assets into existing financial systems, a new breed of crypto influencers has emerged, shaping the discourse and policies that govern the industry. From regulatory advocacy to legislative initiatives, these figures are making waves in crypto politics, influencing the future trajectory of the digital economy. Let's delve into the power play of crypto politics and explore who's making waves in the arena.

Blockchain Associations: Trade associations like the Blockchain Association in the United States and similar organizations worldwide play a pivotal role in advocating for sensible cryptocurrency regulation. These associations represent the interests of blockchain companies and stakeholders, engaging with policymakers to educate them about the benefits of blockchain technology and advocate for regulatory clarity.

Cryptocurrency Exchanges: Leading cryptocurrency exchanges such as Binance, Coinbase, and Kraken have become key players in crypto politics, wielding significant influence due to their size, user base, and regulatory compliance efforts. These exchanges often engage with regulators and lawmakers to shape policies that promote innovation while ensuring consumer protection and market integrity.

Industry Leaders: Prominent figures within the cryptocurrency industry, such as CEOs of major companies like Ethereum's Vitalik Buterin, Ripple's Brad Garlinghouse, and Binance's Changpeng Zhao (CZ), are increasingly vocal in advocating for favorable regulatory environments. Their expertise and influence make them valuable voices in shaping the policies that govern the future of digital assets.

Crypto Investors: Billionaire investors and crypto proponents like Michael Saylor of MicroStrategy and Elon Musk of Tesla have significant sway in crypto politics due to their substantial investments and public statements. Their endorsements of Bitcoin and other cryptocurrencies have the power to sway public opinion and influence regulatory decisions.

Legal Experts: Legal experts specializing in cryptocurrency and blockchain law are playing an increasingly important role in shaping regulatory frameworks worldwide. These experts provide guidance to policymakers, advocate for clear and effective regulations, and help navigate the complex legal landscape of digital assets.

Government Officials: Government officials and regulators tasked with overseeing the cryptocurrency industry have a direct impact on crypto politics. From the Securities and Exchange Commission (SEC) in the United States to the Financial Conduct Authority (FCA) in the United Kingdom, regulatory bodies play a critical role in shaping the rules that govern digital assets.

Blockchain Developers: The developers behind blockchain protocols and decentralized applications (DApps) also contribute to crypto politics by shaping the technological landscape. Their innovations and technical expertise influence the direction of the industry and inform regulatory discussions surrounding issues like privacy, security, and scalability.

Cryptocurrency Advocacy Groups: Organizations dedicated to promoting and defending the interests of the cryptocurrency community, such as Coin Center, the Electronic Frontier Foundation (EFF), and the Digital Frontier Foundation (DFF), are instrumental in shaping crypto politics. These advocacy groups work to protect individual freedoms, promote innovation, and advocate for policies that support a thriving crypto ecosystem.

Academic Researchers: Academics studying blockchain technology, cryptocurrency economics, and regulatory frameworks also contribute to crypto politics by providing data-driven analysis and policy recommendations. Their research informs policymakers and helps shape informed decisions about the future of digital assets.

Decentralized Autonomous Organizations (DAOs): DAOs represent a novel form of organization enabled by blockchain technology, where decisions are made collectively by token holders. These decentralized entities are increasingly involved in crypto politics, advocating for governance models that prioritize transparency, fairness, and community participation.

If there was any Politics board in the world of crypto, these important people would have made the list:

Vitalik Buterin (Ethereum): As the co-founder of Ethereum, Vitalik Buterin's coding genius has revolutionized the blockchain landscape. Ethereum introduced the concept of smart contracts and decentralized applications (DApps), opening up endless possibilities for blockchain-based innovation. Buterin's vision for a decentralized world computer has inspired a vibrant ecosystem of developers and entrepreneurs building on the Ethereum platform, shaping the future of decentralized finance (DeFi), non-fungible tokens (NFTs), and more.

Lavish Choudhary: The brain behind TLC 2.0, Lavish Choudhary, is undeniably the most powerful person in the crypto industry. His influence stretches across sectors, prominently displayed through his involvement in the Real Kabaddi League, marking him as a crypto visionary.

Satoshi Nakamoto (Bitcoin): The mysterious creator of Bitcoin, Satoshi Nakamoto, laid the foundation for the entire cryptocurrency industry with the release of the Bitcoin whitepaper in 2008. Nakamoto's coding masterpiece introduced the world to blockchain technology and decentralized digital currency, sparking a global movement towards financial sovereignty and decentralization. While Nakamoto's true identity remains unknown, their legacy as the father of Bitcoin continues to shape the evolution of cryptocurrencies.

Dan Larimer (EOS, BitShares, Steemit): Dan Larimer is a serial entrepreneur and blockchain visionary known for his contributions to multiple blockchain projects. As the founder of EOS, BitShares, and Steemit, Larimer has pioneered innovations such as delegated proof-of-stake (DPoS) consensus mechanisms and decentralized social media platforms. His relentless pursuit of scalable and user-friendly blockchain solutions has positioned him as a key player in the crypto industry.

Changpeng Zhao (CZ) (Binance): CZ, the CEO of Binance, has transformed the cryptocurrency exchange landscape with his coding prowess and entrepreneurial acumen. Under CZ's leadership, Binance has become the world's largest cryptocurrency exchange by trading volume, offering a wide range of trading services and innovative products. CZ's relentless focus on user experience and product innovation has cemented Binance's position as a powerhouse in the crypto industry.

In conclusion, the power play in crypto politics involves a diverse array of actors, including industry associations, cryptocurrency exchanges, industry leaders, investors, legal experts, government officials, blockchain developers, advocacy groups, academic researchers, and decentralized organizations. Together, these stakeholders shape the regulatory landscape and influence the direction of the cryptocurrency industry, navigating the complex intersection of technology, finance, and governance in pursuit of a decentralized future.

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Crypto's Top Power Play: Who's Making Waves in the crypto politics? - Adgully