What's Hot

    Twitter Suspends Doge Tipping Tool

    03.02.2023

    Orion Protocol Lost $3 Million in Cryptocurrency in an Exploit

    03.02.2023

    By the end of 2023, Ether may exceed $2,000

    03.02.2023
    Facebook Twitter Instagram
    Friday, February 3
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Ethereum»Ethereum will continue to work, with or without me
    a958ba58274095ed0fdf5138f487085c2be0e4b7
    Ethereum

    Ethereum will continue to work, with or without me

    AdministratorBy Administrator24.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Ethereum co-founder Vitalik Buterin stated that Ethereum can grow independently of its involvement, and also called the PoS consensus method more efficient and less censored.

    This week Vitalik Buterin took part in the AskVitalikBA conference held in Argentina, where he spoke about the introduction of cryptocurrencies around the world. When asked what will happen to Ethereum, if for some reason Buterin can “disappear”, he replied that the network and community are already sufficiently developed and will not stand still. This question probably arose in the context of the fake news about Buterin’s death that surfaced in 2017, which caused the price of ETH to plummet by about 30% in just a few hours.

    “The Ethereum community is already large, and even if I disappear for some reason, Ethereum will still remain a“ big blockchain ”, continuing to work with or without me. But I’m not going to go anywhere, ”Vitalik said.

    Buterin noted the importance of introducing cryptocurrencies in developing countries, since their populations can use digital assets to fight inflation and bureaucracy. Many cryptocurrency firms are looking back at the decisions of the United States and China to regulate cryptoassets. However, the attention of the cryptocurrency community should be focused on small countries like El Salvador, which could lead the “cryptocurrency revolution”.

    “Cryptocurrency enthusiasts are everywhere. But the difference between Argentina and rich countries is that people in Argentina are well aware that cryptocurrencies are the solution to their real problems, ”added the co-founder of Ethereum.

    He also took the opportunity to talk about the benefits of the Proof-of-Stake (PoS) consensus method, calling it more censorship-resistant than Proof of Work (PoW). Considering that mining of cryptocurrencies based on PoW consensus consumes large amounts of electricity, it is much easier for governments to detect miners. Vitalik said he is looking forward to Ethereum’s transition to PoS next year, and noted that scalability is now one of the biggest challenges for developers.

    “If any protocol becomes too centralized, it can be considered a ‘failure’,” Buterin said.

    During his stay in Argentina, Buterin managed to meet with the former President of Argentina, Mauricio Macri, to discuss the role of blockchain and cryptocurrencies in international and domestic politics.




    #Ethereum #continue #work

    continue Ethereum work
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    By the end of 2023, Ether may exceed $2,000

    03.02.2023

    Thanks to Trump, Polygon surpassed Ethereum in NFT sales

    02.02.2023

    Bitmain will start selling a new miner for Ethereum Classic on February 3

    02.02.2023

    The Optimism team proposed to upgrade the network

    02.02.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Twitter Suspends Doge Tipping Tool
    • Orion Protocol Lost $3 Million in Cryptocurrency in an Exploit
    • By the end of 2023, Ether may exceed $2,000
    • “Bitcoin is the only protection for money from inflation and currency devaluation”
    • Sberbank to begin alpha testing of DeFi platform in March
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.