Archive for the ‘Vitalik Buterin’ Category

Crypto’s Top Power Play: Who’s Making Waves in the crypto politics? – Adgully

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

AEGIS token surges 92% on upcoming AI tool launches and market optimism – crypto.news

AEGIS token, associated with the Aegis AI smart contract auditing platform, experienced a significant surge, marking a 92% increase within the last 24 hours, reaching a peak at $0.2987.

This growth comes amid expectations of forthcoming advancements in the Aegis AI ecosystem, as noted by a crypto influencer known as Jolly Green Investor. The influencers enthusiasm was shared in a statement highlighting Aegis AIs imminent introduction of its AI-based security tools, designed to address vulnerabilities in the crypto domain. These tools include AI-powered smart contract audits, token legitimacy audits, protocol monitoring, and bug bounty programs, all part of the soon-to-launch Aegis AI dApp.

According to the crypto influencer, the surge in AEGIS token value is closely linked to Ethereum co-founder Vitalik Buterins emphasis on the need for AI in smart contract auditing and bug detection.

Via an X post on Feb. 19, Buterin expressed his optimism about the use of AI for formal verification of code and identifying bugs, pinpointing this as one of the most significant technical risks currently faced by Ethereum. He advocated for AIs potential to revolutionize this aspect, marking a significant stride towards enhancing security and reliability.

As such, Jolly Green highlighted that Buterins encouragement for Ethereum projects to develop AI-based solutions, combined with the growing anticipation around the Ethereum ETF, positions AEGIS uniquely at the forefront of addressing these challenges.

Further insights were provided by a user responding to the influencer, referencing a recent AMA that unveiled additional features of the Aegis ecosystem. These features include a Bitsensor subnet, an operating system, a DePIN ecosystem, and SKL-based licensing, among others. This expansion introduces new revenue streams for AEGIS token holders, offering them an 80% revenue share.

As of press time, the AEGIS tokens price has adjusted to $0.2452, still marking an impressive 64.3% increase over the previous 24 hours.

The surge in AEGIS price comes as cryptocurrencies linked to AI, such as Fetch.ai, have demonstrated resilience and substantial growth, marking significant price increases amid a widespread market downturn. Further, a recent Coinbase report highlighted that AI-affiliated cryptocurrencies have surpassed the performance of major cryptocurrencies like bitcoin and ether since the start of the last quarter of 2023.

Additionally, these tokens reportedly outperformed major AI-related stocks, including Nvidia and Microsoft, during the same period, underlining the growing role and potential of AI in the cryptocurrency sector.

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AEGIS token surges 92% on upcoming AI tool launches and market optimism - crypto.news

Ethereum Dencun Upgrade: Will it Boost ETH Price or be Another Merge? – CCN.com

Key Takeaways

Ethereum enthusiasts have every reason to celebrate as the highly anticipated Dencun upgrade makes its debut. The hard fork could signal a pivotal leap for Layer 2 networks. Also, it is buoying hopes that Dencun can help keep ETHs priceabove $4,000.

This upgrade is far from routine, because it represents a significant leap forward in Ethereums ongoing development, with promises of marked enhancements in both efficiency and scalability.

Following last years Shapella upgrade, the Ethereum network is embarking on another evolutionary step with Dencun. This latest development introduces several enhancements aimed at accelerating transaction speeds and expanding Ethereums transactional capacity. A highlight of Dencun is the implementation of ephemeral data blobs through EIP-4844, also known as protodanksharding. Ethereum claims Dencun will reduce Layer 2 transaction fees dramatically.

Dencuns ambition doesnt stop at just making transactions faster. It also seeks to make them significantly cheaper. The upgrade aims to lower transaction fees from an average of $1 to just one cent. Indeed, for smaller transactions, the cost could be just a fraction of a cent. This reduction in fees aims to elevate the user experience, outpacing the benefits introduced by the Merge in September 2022.

Moreover, Dencun introduces a novel approach to data storage for Layer 2 networks with the introduction of blobs. These are designed to store data for about 18 days, thus optimizing costs and enhancing Ethereums scalability.

According to CCN Analyst Valdrin Tahiri, a recent market rally coincided with the Dencun upgrade for Ethereum. Although many indicators point towards a continued upswing, there are worries about the possibility of facing resistance at the $4,000 mark. Despite these concerns, Ethereum remains in a position to maintain its long-term upward trajectory towards setting a new all-time high.

However, EIP-4844 will not directly lead to lower transaction costs on the Ethereum mainnet. Nevertheless, Dencun could indirectly contribute to reduced transaction fees, potentially opening up new possibilities for on-chain activities. These could include on-chain gaming, generative art, and artificial intelligence applications, which were previously hindered by high costs.

EIP-4844 marks the beginning of the Surge phase for Ethereum, as outlined in the updated network roadmap by co-founder Vitalik Buterin in December. The ultimate aim of this phase is to achieve a throughput of 100,000 transactions per second. Following the Dencun update, Ethereums development focus may shift towards further enhancements, such as enabling Ethereum nodes to be run on mobile devices.

Buterin has also responded to a user on Twitter who voiced complaints about high transaction fees.

Tim Beiko, a key figure among Ethereum core developers, shared his enthusiasm on Twitter regarding the imminent Dencun upgrade. The developer community has shown robust engagement, with numerous client teams rolling out versions compatible with Dencun, featuring crucial enhancements for performance and stability.

The Gnosis Chains swift move to embrace the Dencun upgrade ahead of its introduction on the Ethereum mainnet has generated excitement. Joseph Lubin, co-founder of Ethereum, commended the initiative, underscoring its significance for the Ethereum ecosystem.

Some analysts and leading indicators are pointing towards a potential continuation of the current rally, suggesting the asset could reach new unprecedented highs. Influential crypto enthusiast Ali echoes this sentiment, arguing that Ethereums trajectory towards the $5,000 mark is becoming more apparent as resistance levels diminish. Ali highlighted the $4,522-$4,646 range as a critical supply zone, noting that its where nearly 600,000 addresses collectively possess over 1.63 million ETH.

Furthermore, data from the crypto analytics firm IntoTheBlock indicates that the assets recent surge in value has been advantageous for investors, with an impressive 95% of them currently enjoying unrealized gains.

However, there is one word of warning. When the much anticipated Merge saw Ethereum move to a proof-of-stake consensus mechanism in September 2022, ETH did not move anything like as much as it could have done. Investors will be hoping that Dencun will be better for Ether.

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Ethereum Dencun Upgrade: Will it Boost ETH Price or be Another Merge? - CCN.com

Ethereum Founder Proposes Recovery Fork to Confront Quantum Attacks – TradingView

Key points:

Ethereum founder Vitalik Buterin declared that the blockchain ecosystem is already prepared to confront potential quantum attacks through a recovery fork. In a recent blog post, Buterin shared insights on the possible availability of quantum computers in the near future, which poses potential risks as hackers would have access to the devices.

While such a scenario poses the risk of users losing their funds through unauthorized access and exploits, Buterin asserted that Ethereum is immune to it. He stated, I argue that actually, we are already well-positioned to make a pretty simple recovery fork to deal with such a situation.

Colin Wu, a Chinese crypto researcher, recently shared an X post on his Wu Blockchain page, shedding light on Buterins insights. He highlighted that the infrastructure for such a hard fork implementation could be begun immediately, making the Ethereum ecosystem maximally ready in case a quantum emergency does actually come to pass.

Vitalik: If quantum computers are available, and bad actors are able to use them to steal users funds. The blockchain would have to hard fork and users would have to download new wallet software, but few users would lose their funds. The infrastructure to implement a hard fork

As per the post, during the blockchains hard fork event, the backup plan could be implemented while the users need to download a new software wallet. However, Buterin added that there is a possibility that a few users will lose their funds.

Buterin detailed the procedures involved in the proposed hard fork. When a large-scale theft is detected, users are recommended to revert all blocks after the first block. Then, traditional EOA-based transactions should be disabled.

The next step includes adding a new transaction type, allowing smart contract wallet transactions. Finally, new transaction types or opcodes are added to allow for STARK proofs. If the proof is successful, the account code will switch to a new verification code, permitting the users to use it as a smart contract wallet.

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Ethereum Founder Proposes Recovery Fork to Confront Quantum Attacks - TradingView

Ethereum Co-founder Vitalik Buterin Shares Insights on Sam Bankman-Fried’s Reputation – Cryptonews

Source: ShutterStock

Ethereum co-founder Vitalik Buterin has revealed that a larger section of the crypto community did not respect Sam Bankman-Fried as depicted by the mainstream media.

Buterin has been a long critic of Bankman Fried since the collapse of the latters digital asset exchange, FTX, and has made new revelations concerning the matter.

Speaking in a podcast interview with Sriram Krishnan and Aarthi Ramamurthy, Buterin spoke on the reputation of SBF, how the sector continues to recover from the infamous scandal, and the growth of Artificial Intelligence (AI).

According to Buterin, the crypto industry had reservations about SBF from the beginning although no one expected $8 billion to go into thin air.

I think a lot of people have this misconception that everybody deeply respected Sam and that he caught the entire ecosystem by surprise but if you're looking at Ethereum influencers like Anthony Sassano, a lot of them disrespected him and FTX from the beginning."

The main reason for Buterins judgment was SBFs inability to project the cause of cryptocurrencies and related technologies without financial benefits.

He was just not able to articulate a vision of why crypto was goodhe just clearly saw it as purely a business opportunity. It's like, 'Oh, hey, crypto is this thing where you can make money, he added.

Recall that after the collapse of FTX, Buterin noted that people were mostly drawn to the marketing of FTX which he compared to the 1930 dictators adding that cryptocurrencies are more than the lifestyle and brands of the company.

Buterin also spoke on the rapid development of AI in several industries including cryptocurrencies hailing the level of adoption so far.

According to him, AI would help human capabilities in the workspace and should be embraced at this stage citing the example of ChatGPT.

"I think one of the positive aspects of this is that I think it's a good example of how, instead of AI killing 30% of the jobs, which would be catastrophic and terrible, it's like, AI is killing 30% of your job, which is an amazing time saver.

He touched on the ability of AI to disrupt the creative space including the production of movies in Hollywood. Although he stated that he doesnt want to see artists get replaced, he added that he would love to see an author easily produce a movie with the numerous tools provided by AI.

I would want to see the cost of making a movie go down from $100,000 to one person with basically just his creativity and a couple of months with an AI platform."

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Ethereum Co-founder Vitalik Buterin Shares Insights on Sam Bankman-Fried's Reputation - Cryptonews