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Vitalik Buterin Criticizes Celebrity Memecoins
Vitalik Buterin recently expressed dissatisfaction with the surge of celebrity memecoin launches. In response to a discussion about Iggy Azalea’s MOTHER token and its impact on the trend of celebrity cryptocurrencies, Buterin emphasized that projects should aim for sustainable value creation.
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He believes that participants should feel satisfied and happy about their involvement, even if the tokens eventually lose their value.
Vitalik Buterin’s Views on Celebrity Tokens and Financialization
In a June 5th post on X, Vitalik Buterin voiced his perspective on the proliferation of celebrity tokens. He emphasized that financialization, particularly in the realm of celebrity tokens like Iggy Azalea’s MOTHER token, should serve a purpose that adds societal value. Buterin highlighted examples such as enhancing healthcare, supporting open-source software, and promoting art and creativity as meaningful uses of financialization.
Source: Vitalik Buterin
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The discussion arose in response to speculation about Iggy Azalea’s MOTHER token potentially leading a trend towards sustainable value creation in celebrity cryptocurrencies. Celebrity tokens are digital assets endorsed by celebrities, leveraging their fame to attract interest and investments within the broader cryptocurrency ecosystem.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Vitalik Buterin recently critiqued the current trend of celebrity memecoins, contrasting them with projects like Ashton Kutcher and Mila Kunis’ Stoner Cats. He praised Stoner Cats for funding an actual show, highlighting its substance and purpose compared to other memecoins lacking similar tangible contributions.
Vitalik Buterin recently critiqued the current trend of celebrity memecoins, contrasting them with projects like Ashton Kutcher and Mila Kunis’ Stoner Cats. He praised Stoner Cats for funding an actual show, highlighting its substance and purpose compared to other memecoins lacking similar tangible contributions.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
According to Buterin, for a celebrity crypto project to earn respect, it should prioritize a clear public benefit goal beyond enriching celebrities and early investors. He emphasized the importance of longevity, preferring projects that can sustain themselves over a decade rather than fleeting trends that quickly fade.
r potential to foster community engagement. He stressed that while DAOs shouldn’t dictate agendas entirely, they should allow community influence to some extent.
Celebrity Memecoin Surge and Controversies
The trend of celebrities launching memecoins on Solana has escalated recently, with Iggy Azalea’s MOTHER token debut on May 28 marking another addition. This trend includes prominent figures like Caitlyn Jenner, rappers Soulja Boy and Rich The Kid, and adult-content models Kazumi and Ivana Knöll, all releasing their tokens in quick succession.
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However, following the launches, several celebrities, including Azalea, have voiced concerns about potential scams related to their token releases, implicating entrepreneur Sahil Arora. Arora, in response, has denied any allegations of misconduct connected to these launches. Azalea specifically stated that her token launch on May 28 was not associated with Arora.
Meanwhile, Afro-pop star Davido faced criticism from the Nigerian crypto community regarding his newly launched meme token, DAVIDO. Many within the community expressed concerns that Davido’s token launch might lead to a planned token dump in the near future, raising skepticism about the project’s intentions and potential outcomes.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#Vitalik #Bitcoin #Ethereum #Airdrop $ETH $BTC $SOL
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
He believes that participants should feel satisfied and happy about their involvement, even if the tokens eventually lose their value.
Vitalik Buterin’s Views on Celebrity Tokens and Financialization
In a June 5th post on X, Vitalik Buterin voiced his perspective on the proliferation of celebrity tokens. He emphasized that financialization, particularly in the realm of celebrity tokens like Iggy Azalea’s MOTHER token, should serve a purpose that adds societal value. Buterin highlighted examples such as enhancing healthcare, supporting open-source software, and promoting art and creativity as meaningful uses of financialization.
Source: Vitalik Buterin
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The discussion arose in response to speculation about Iggy Azalea’s MOTHER token potentially leading a trend towards sustainable value creation in celebrity cryptocurrencies. Celebrity tokens are digital assets endorsed by celebrities, leveraging their fame to attract interest and investments within the broader cryptocurrency ecosystem.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Vitalik Buterin recently critiqued the current trend of celebrity memecoins, contrasting them with projects like Ashton Kutcher and Mila Kunis’ Stoner Cats. He praised Stoner Cats for funding an actual show, highlighting its substance and purpose compared to other memecoins lacking similar tangible contributions.
Vitalik Buterin recently critiqued the current trend of celebrity memecoins, contrasting them with projects like Ashton Kutcher and Mila Kunis’ Stoner Cats. He praised Stoner Cats for funding an actual show, highlighting its substance and purpose compared to other memecoins lacking similar tangible contributions.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
According to Buterin, for a celebrity crypto project to earn respect, it should prioritize a clear public benefit goal beyond enriching celebrities and early investors. He emphasized the importance of longevity, preferring projects that can sustain themselves over a decade rather than fleeting trends that quickly fade.
r potential to foster community engagement. He stressed that while DAOs shouldn’t dictate agendas entirely, they should allow community influence to some extent.
Celebrity Memecoin Surge and Controversies
The trend of celebrities launching memecoins on Solana has escalated recently, with Iggy Azalea’s MOTHER token debut on May 28 marking another addition. This trend includes prominent figures like Caitlyn Jenner, rappers Soulja Boy and Rich The Kid, and adult-content models Kazumi and Ivana Knöll, all releasing their tokens in quick succession.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
However, following the launches, several celebrities, including Azalea, have voiced concerns about potential scams related to their token releases, implicating entrepreneur Sahil Arora. Arora, in response, has denied any allegations of misconduct connected to these launches. Azalea specifically stated that her token launch on May 28 was not associated with Arora.
Meanwhile, Afro-pop star Davido faced criticism from the Nigerian crypto community regarding his newly launched meme token, DAVIDO. Many within the community expressed concerns that Davido’s token launch might lead to a planned token dump in the near future, raising skepticism about the project’s intentions and potential outcomes.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#Vitalik #Bitcoin #Ethereum #Airdrop $ETH $BTC $SOL
Vitalik Buterin Advocates For Self-Custody In Latest Reddit Post
Vitalik Buterin, the co-founder of Ethereum, recently took to Reddit to share his thoughts on self-custody, social recovery, and multisig wallets. Buterin is known for his strong views on decentralized systems and blockchain technology, and his Reddit post is a valuable resource for anyone looking to store their cryptocurrency in a safe and secure manner.
In his post, Buterin outlined his views on social recovery and multisig wallets, which he believes are a great way to store funds securely while still retaining control over them. He explained that multisig wallets are particularly effective because they give users most of the key benefits of self-custody, without the risks of having to be responsible for their entire security setup. Buterin also noted that social recovery wallets are much easier to use than multisig wallets and will become even more user-friendly with upcoming wallets like Soul Wallet.
However, Buterin stressed that the key to using social recovery and multisig wallets securely lies in choosing the right guardians. Guardians are the people who hold the keys that allow access to your funds, and they play a crucial role in ensuring the security of your cryptocurrency. Buterin suggested that guardians should be chosen based on their ability to minimize the chance of losing their keys or colluding to steal funds.
Buterin’s rule of thumb is that enough guardians should be controlled by other people to ensure that there are enough guardians left to recover your funds if you disappear. He also advised that guardians should not know each other, as this greatly reduces the risk of collusion, and each guardian should be on a separate device to avoid commonalities that could compromise too many of your guardians at the same time.
Furthermore, Buterin recommended that guardians should ask a security question before approving any operation to prevent unauthorized access. This security question should be something that only the guardian and the user know, and the guardian should only approve the operation if the user gives the correct answer.
Finally, Buterin advised that if you are doing “degen” stuff (i.e., high-risk activities), you should make sure that you have guardians who can respond quickly. Otherwise, this does not matter.
In conclusion, Vitalik Buterin’s Reddit post is a valuable resource for anyone looking to store their cryptocurrency securely using social recovery and multisig wallets. By following his advice and carefully choosing guardians, users can ensure the safety and security of their cryptocurrency, while still retaining control over their funds.
#Vitalik #VitalikButerin #Ethereum #azcoinnews #selfcutody
This article was republished from azcoinnews.com
In his post, Buterin outlined his views on social recovery and multisig wallets, which he believes are a great way to store funds securely while still retaining control over them. He explained that multisig wallets are particularly effective because they give users most of the key benefits of self-custody, without the risks of having to be responsible for their entire security setup. Buterin also noted that social recovery wallets are much easier to use than multisig wallets and will become even more user-friendly with upcoming wallets like Soul Wallet.
However, Buterin stressed that the key to using social recovery and multisig wallets securely lies in choosing the right guardians. Guardians are the people who hold the keys that allow access to your funds, and they play a crucial role in ensuring the security of your cryptocurrency. Buterin suggested that guardians should be chosen based on their ability to minimize the chance of losing their keys or colluding to steal funds.
Buterin’s rule of thumb is that enough guardians should be controlled by other people to ensure that there are enough guardians left to recover your funds if you disappear. He also advised that guardians should not know each other, as this greatly reduces the risk of collusion, and each guardian should be on a separate device to avoid commonalities that could compromise too many of your guardians at the same time.
Furthermore, Buterin recommended that guardians should ask a security question before approving any operation to prevent unauthorized access. This security question should be something that only the guardian and the user know, and the guardian should only approve the operation if the user gives the correct answer.
Finally, Buterin advised that if you are doing “degen” stuff (i.e., high-risk activities), you should make sure that you have guardians who can respond quickly. Otherwise, this does not matter.
In conclusion, Vitalik Buterin’s Reddit post is a valuable resource for anyone looking to store their cryptocurrency securely using social recovery and multisig wallets. By following his advice and carefully choosing guardians, users can ensure the safety and security of their cryptocurrency, while still retaining control over their funds.
#Vitalik #VitalikButerin #Ethereum #azcoinnews #selfcutody
This article was republished from azcoinnews.com
#Vitalik Vitalik Buterin Dumps Altcoins Worth 220 ETH That Have 'No Moral Value'
Vitalik Buterin, a co-founder of the Ethereum blockchain, liquidated a portion of his altcoin holdings this week, saying later that the tokens had "no cultural or moral value."
(Source -Coindesk)
Vitalik Buterin, a co-founder of the Ethereum blockchain, liquidated a portion of his altcoin holdings this week, saying later that the tokens had "no cultural or moral value."
(Source -Coindesk)
Ethereum Co-Founder Vitalik Buterin Sells $700K Worth of Coins in Favor of Ether (ETH)
Ethereum co-founder Vitalik Buterin has recently sold a significant amount of cryptocurrencies, commonly referred to as "shitcoins", which were previously airdropped to him. The total value of these tokens was approximately $700,000, and he exchanged them for Ether (ETH), which is currently valued at $1,553.
Vitalik Buterin sold a significant amount of cryptocurrencies previously airdropped to him.
The sales were conducted through his digital wallet on Etherscan on March 7.
He sold 500 trillion SHIK for ~380 ETH, worth ~$595,448.
He also sold almost 10 billion CUL Tokens for ~58 ETH, worth ~$91,000, and 50 billion MOPS tokens for ~1.20 ETH, worth ~$1,900
Buterin's holdings represented a large portion of the circulating supply for some of the tokens, resulting in a significant drop in their prices, particularly SHIK, which experienced an ~90% decrease.
( As Vitalik Buterin's holdings represented a significant portion of the circulating supply for certain tokens, his recent sales have led to a substantial drop in their prices. )
Source:- Vitalik wallet on Etherscan
The low liquidity of the tokens meant that the sales had a significant impact on their prices.
Notably, SHIK experienced the largest price drop, with a decrease of ~90%, following Buterin's sale, as per CoinMarketCap data.
Source:- CoinmarketCap
Source:- Twitter page of SHIKOKU
It is worth noting that the total circulating supply of SHIK is 1 quadrillion, and the 500 trillion SHIK previously held by Buterin represented 50% of the current supply.
If you found this content helpful, please consider liking and sharing it with others. Additionally, be sure to follow me for future updates and informative content.
Thank you for your support.
#crypto2023 #cryptonews #buildtogether #Vitalik #bitcoin
Vitalik Buterin sold a significant amount of cryptocurrencies previously airdropped to him.
The sales were conducted through his digital wallet on Etherscan on March 7.
He sold 500 trillion SHIK for ~380 ETH, worth ~$595,448.
He also sold almost 10 billion CUL Tokens for ~58 ETH, worth ~$91,000, and 50 billion MOPS tokens for ~1.20 ETH, worth ~$1,900
Buterin's holdings represented a large portion of the circulating supply for some of the tokens, resulting in a significant drop in their prices, particularly SHIK, which experienced an ~90% decrease.
( As Vitalik Buterin's holdings represented a significant portion of the circulating supply for certain tokens, his recent sales have led to a substantial drop in their prices. )
Source:- Vitalik wallet on Etherscan
The low liquidity of the tokens meant that the sales had a significant impact on their prices.
Notably, SHIK experienced the largest price drop, with a decrease of ~90%, following Buterin's sale, as per CoinMarketCap data.
Source:- CoinmarketCap
Source:- Twitter page of SHIKOKU
It is worth noting that the total circulating supply of SHIK is 1 quadrillion, and the 500 trillion SHIK previously held by Buterin represented 50% of the current supply.
If you found this content helpful, please consider liking and sharing it with others. Additionally, be sure to follow me for future updates and informative content.
Thank you for your support.
#crypto2023 #cryptonews #buildtogether #Vitalik #bitcoin
Vitalik Buterin Is Working On New Ethereum Vision. 🤐😱🤯
Ethereum's scalability has long been a topic of discussion, and recently, Vitalik Buterin shared insights on finding a "sweet spot" between calldata prices and gas limits.
🔹Disincentives for Calldata Use:
Buterin argues that the current balance disincentivizes using calldata for data availability, potentially impacting apps like StarkNet that rely on large calldata for on-chain proofs.
🔹Adjusting Calldata Costs:
One proposed solution involves increasing calldata costs while decreasing other opcode costs, aiming to strike a balance in the Ethereum Virtual Machine (EVM).
🔹EIP-4488 Proposal:
Another approach suggests capping calldata per block, as outlined in Ethereum Improvement Proposal EIP-4488. However, concerns arise about potential disincentives and impacts on calldata-dependent apps.
🔹Calldata Fee Market:
To address these challenges, there's a suggestion to establish a separate calldata fee market, akin to how data blobs are handled. This could potentially increase gas limits by adjusting calldata prices based on demand. However, it comes with increased complexity in analysis and implementation.
🔹EVM Loyalty Bonus:
An intriguing idea is offering an "EVM loyalty bonus" to compensate apps heavily reliant on calldata, providing an incentive for their continued use.
🔹Balancing Complexity:
While simply raising the calldata cost or creating separate fee markets might be too blunt or complex, a balanced solution could involve increasing calldata costs while reducing the costs of some operations. This approach or moving towards a model that incentivizes calldata use within the EVM is considered.
🔹Gas Limit Proposal:
In January, Buterin suggested a 33% increase in the Ethereum gas limit to 40 million, aiming to improve network throughput. However, this move comes with considerations of increased hardware loads and the potential for network spam and attacks.
#ETH #ethereum #VitalikButerin #Vitalik #EVM
Ethereum's scalability has long been a topic of discussion, and recently, Vitalik Buterin shared insights on finding a "sweet spot" between calldata prices and gas limits.
🔹Disincentives for Calldata Use:
Buterin argues that the current balance disincentivizes using calldata for data availability, potentially impacting apps like StarkNet that rely on large calldata for on-chain proofs.
🔹Adjusting Calldata Costs:
One proposed solution involves increasing calldata costs while decreasing other opcode costs, aiming to strike a balance in the Ethereum Virtual Machine (EVM).
🔹EIP-4488 Proposal:
Another approach suggests capping calldata per block, as outlined in Ethereum Improvement Proposal EIP-4488. However, concerns arise about potential disincentives and impacts on calldata-dependent apps.
🔹Calldata Fee Market:
To address these challenges, there's a suggestion to establish a separate calldata fee market, akin to how data blobs are handled. This could potentially increase gas limits by adjusting calldata prices based on demand. However, it comes with increased complexity in analysis and implementation.
🔹EVM Loyalty Bonus:
An intriguing idea is offering an "EVM loyalty bonus" to compensate apps heavily reliant on calldata, providing an incentive for their continued use.
🔹Balancing Complexity:
While simply raising the calldata cost or creating separate fee markets might be too blunt or complex, a balanced solution could involve increasing calldata costs while reducing the costs of some operations. This approach or moving towards a model that incentivizes calldata use within the EVM is considered.
🔹Gas Limit Proposal:
In January, Buterin suggested a 33% increase in the Ethereum gas limit to 40 million, aiming to improve network throughput. However, this move comes with considerations of increased hardware loads and the potential for network spam and attacks.
#ETH #ethereum #VitalikButerin #Vitalik #EVM
SURPRISE MOVE:
#Vitalik Buterin, co-founder of Ethereum, stirred up the crypto sphere by discussing Shiba Inu cryptocurrency in a recent post. Buterin disclosed his significant donation of SHIB to charity and expressed his pleasant surprise at the token's performance, which surpassed his expectations. Contrary to speculation, the token's value not only remained stable but exceeded predictions, enabling beneficiaries to cash out substantial sums ranging from $10 million to $25 million.
This revelation sparked considerable interest within the SHIB community, drawing a response from Shiba Inu lead, Shytoshi Kusama, who expressed enthusiasm and optimism with the hashtag #SHIBARMYSTRONG , accompanied by a GIF.
As excitement builds, the daily price chart reflects a noticeable upward trend, with the meme coin currently trading at $0.00003232, as reported by CoinMarketCap.
#Vitalik Buterin, co-founder of Ethereum, stirred up the crypto sphere by discussing Shiba Inu cryptocurrency in a recent post. Buterin disclosed his significant donation of SHIB to charity and expressed his pleasant surprise at the token's performance, which surpassed his expectations. Contrary to speculation, the token's value not only remained stable but exceeded predictions, enabling beneficiaries to cash out substantial sums ranging from $10 million to $25 million.
This revelation sparked considerable interest within the SHIB community, drawing a response from Shiba Inu lead, Shytoshi Kusama, who expressed enthusiasm and optimism with the hashtag #SHIBARMYSTRONG , accompanied by a GIF.
As excitement builds, the daily price chart reflects a noticeable upward trend, with the meme coin currently trading at $0.00003232, as reported by CoinMarketCap.
Vitalik Buterin declares he is not staking all of his ETH, merely a 'small portion’
Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig – which are still “fairly difficult” to set up.
Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ethereum
ETH
due to multisignature (multisig) wallets being “complicated in a bunch of ways
Buterin also discussed the EigenLayer protocol – a protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks.
“Trustworthy stakers would be valued more by the system than untrustworthy stakers. Trustworthy stakers are much less likely to actually get slashed.”
He said the challenge is that it creates “centralization risks," stating
#Vitalik #ETH
Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig – which are still “fairly difficult” to set up.
Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ethereum
ETH
due to multisignature (multisig) wallets being “complicated in a bunch of ways
Buterin also discussed the EigenLayer protocol – a protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks.
“Trustworthy stakers would be valued more by the system than untrustworthy stakers. Trustworthy stakers are much less likely to actually get slashed.”
He said the challenge is that it creates “centralization risks," stating
#Vitalik #ETH
#VitalikButerin Examines Binius: A Faster Approach to Zero-Knowledge Proofs
#Ethereum co-founder #Vitalik Buterin explores "Binius," a new method aiming to significantly speed up zero-knowledge proofs. Binius focuses on efficiency by performing computations directly on binary bits (0s and 1s) instead of larger numbers used in traditional systems like zk-SNARKs. This approach caters to frequently used data types like counters and boolean flags, potentially leading to faster proofs.
Binius leverages "binary finite fields" for efficient arithmetic operations on bits and utilizes a multidimensional "hypercube" data representation. Additionally, it employs a unique encoding/decoding process to maintain efficiency while enabling processing via polynomials and #Merkle proofs.
These advancements in core cryptographic proof system arithmetic promise enhanced scalability and efficiency for complex crypto applications. #zero-knowledge proofs often use polynomials to conceal data and calculations during verification, ensuring only proof validity is confirmed, not the underlying information.
While the technical details of Binius encryption and proof generation are beyond this scope, Buterin highlights its potential for significant speed improvements, especially for calculations involving small values and bit-level operations. This technology is based on a 2023 whitepaper by Posen and Diamond.
Overall, Binius seeks to substantially outperform existing proof systems in terms of speed, paving the way for faster zero-knowledge proofs in the future. Buterin anticipates further advancements in "binary-field-based proving techniques" in the coming months.
#Ethereum co-founder #Vitalik Buterin explores "Binius," a new method aiming to significantly speed up zero-knowledge proofs. Binius focuses on efficiency by performing computations directly on binary bits (0s and 1s) instead of larger numbers used in traditional systems like zk-SNARKs. This approach caters to frequently used data types like counters and boolean flags, potentially leading to faster proofs.
Binius leverages "binary finite fields" for efficient arithmetic operations on bits and utilizes a multidimensional "hypercube" data representation. Additionally, it employs a unique encoding/decoding process to maintain efficiency while enabling processing via polynomials and #Merkle proofs.
These advancements in core cryptographic proof system arithmetic promise enhanced scalability and efficiency for complex crypto applications. #zero-knowledge proofs often use polynomials to conceal data and calculations during verification, ensuring only proof validity is confirmed, not the underlying information.
While the technical details of Binius encryption and proof generation are beyond this scope, Buterin highlights its potential for significant speed improvements, especially for calculations involving small values and bit-level operations. This technology is based on a 2023 whitepaper by Posen and Diamond.
Overall, Binius seeks to substantially outperform existing proof systems in terms of speed, paving the way for faster zero-knowledge proofs in the future. Buterin anticipates further advancements in "binary-field-based proving techniques" in the coming months.
📢 #Worldcoin Has 'Major Issues' and Will Take Years to Work, #Vitalik Buterin Warns
#googleai #Binanceturns6 #GOATMoments
$BTC $ETH $WLD
#googleai #Binanceturns6 #GOATMoments
$BTC $ETH $WLD
🚀 Haciendo Realidad el Sueño Ciberpunk de #Vitalik Buterin en Ethereum 🌐
Vitalik Buterin, el visionario cofundador de Ethereum, ha levantado la bandera del ciberpunk y nos invita a todos a unirnos a la causa. En su reciente publicación "Make Ethereum Cypherpunk Again" (Hacer que #Ethereum sea ciberpunk nuevamente), Buterin nos insta a volver a los valores fundamentales de la blockchain: descentralización, participación abierta, resistencia a la censura y neutralidad creíble.
En su llamado a la acción, Buterin destaca la importancia de romper con la tendencia de los "jugadores degenerados" que desvían la atención hacia memecoins y NFTs, alejándose de la esencia cypherpunk. Pero, ¿cuál es el faro brillante que ilumina el camino hacia este renacimiento?
🌐 ENS: El Pilar Fundamental de #Web3 🏛️
En medio de la búsqueda de autenticidad, el Servicio de Nombres de Ethereum (ENS) emerge como un verdadero caso de uso no financiero en la cadena. Nick Johnson, fundador y desarrollador principal de ENS, destaca su importancia como un faro cypherpunk en el vasto ecosistema de Ethereum.
ENS no solo personaliza las direcciones Ethereum, sino que se erige como la puerta de entrada para empresas de Web2 que escalan hacia Web3. Con un enfoque en la inclusividad y la autodeterminación, ENS encarna la visión original de Ethereum.
🚀 Desafíos y Promesas de Ethereum 💡
Buterin señala las altas tarifas de transacción como un obstáculo, pero reconoce que Ethereum está en una encrucijada. El cambio a prueba de participación en 2022 fue un paso audaz, pero la red aún lucha por satisfacer la creciente demanda. La promesa de alcanzar hasta 100,000 transacciones por segundo es el horizonte que Ethereum busca conquistar.
💪 El Camino por Recorrer 🌈
Aunque el camino hacia un Ethereum ciberpunk puede ser largo, la comunidad confía en que la red está en la dirección correcta. Barney Mannerings, cofundador de Vega Protocol, destaca la importancia de la visión de Buterin y la necesidad de construir hacia ella.
DYOR and like for more!
#TrendingTopic
$ETH
Vitalik Buterin, el visionario cofundador de Ethereum, ha levantado la bandera del ciberpunk y nos invita a todos a unirnos a la causa. En su reciente publicación "Make Ethereum Cypherpunk Again" (Hacer que #Ethereum sea ciberpunk nuevamente), Buterin nos insta a volver a los valores fundamentales de la blockchain: descentralización, participación abierta, resistencia a la censura y neutralidad creíble.
En su llamado a la acción, Buterin destaca la importancia de romper con la tendencia de los "jugadores degenerados" que desvían la atención hacia memecoins y NFTs, alejándose de la esencia cypherpunk. Pero, ¿cuál es el faro brillante que ilumina el camino hacia este renacimiento?
🌐 ENS: El Pilar Fundamental de #Web3 🏛️
En medio de la búsqueda de autenticidad, el Servicio de Nombres de Ethereum (ENS) emerge como un verdadero caso de uso no financiero en la cadena. Nick Johnson, fundador y desarrollador principal de ENS, destaca su importancia como un faro cypherpunk en el vasto ecosistema de Ethereum.
ENS no solo personaliza las direcciones Ethereum, sino que se erige como la puerta de entrada para empresas de Web2 que escalan hacia Web3. Con un enfoque en la inclusividad y la autodeterminación, ENS encarna la visión original de Ethereum.
🚀 Desafíos y Promesas de Ethereum 💡
Buterin señala las altas tarifas de transacción como un obstáculo, pero reconoce que Ethereum está en una encrucijada. El cambio a prueba de participación en 2022 fue un paso audaz, pero la red aún lucha por satisfacer la creciente demanda. La promesa de alcanzar hasta 100,000 transacciones por segundo es el horizonte que Ethereum busca conquistar.
💪 El Camino por Recorrer 🌈
Aunque el camino hacia un Ethereum ciberpunk puede ser largo, la comunidad confía en que la red está en la dirección correcta. Barney Mannerings, cofundador de Vega Protocol, destaca la importancia de la visión de Buterin y la necesidad de construir hacia ella.
DYOR and like for more!
#TrendingTopic
$ETH
How Vitalik Buterin Plans to Scale Ethereum. ♻️♦️
Ethereum grapples with scalability problems due to rising demand—congestion, high fees, and slow transactions. Buterin's proposal seeks to bolster Ethereum's PoS system, focusing on optimizing consensus and refining participant rewards for enhanced scalability and decentralization.
Too Many Signatures
Ethereum's 895,000 validators contribute to decentralization and staking participation but create a processing burden. Each validator signing every time slot results in managing hundreds of thousands of signatures, consuming significant resources and bandwidth.
Breaking Free from Signature Growth
Vitalik Buterin suggests transitioning from increasing signatures per slot to decentralized stake pools. This dual-layer system maintains decentralization and security, with randomly selected validators for accuracy and a lightweight layer for additional security in case of issues, reducing signatures per slot.
Rotating Participation
Buterin proposes a unique validator selection method in Ethereum, opting for a rotating participation approach based on stake size. Larger stake validators have higher selection probabilities but face longer waits between selections, encouraging diversification and participation in various pools. This introduces a trade-off between frequency and reward, fostering a more dynamic ecosystem.
A More Scalable and Decentralized Ethereum
Buterin's proposal for Ethereum aims to enhance scalability and decentralization through optimized signatures, reduced processing, and increased efficiency. Decentralized stake pools seek to enhance participation and counter centralization risks, while a two-layered system tackles scalability with a balance of accuracy and security. However, challenges such as a substantial PoS overhaul and complexities in stake pool optimization and potential vulnerabilities persist. It serves as a starting point for research, not a definitive solution.
Stay updated on Ethereum and blockchain news through my account. 💛♦️
#Vitalik #VitalikButerin #ETH $ETH
Ethereum grapples with scalability problems due to rising demand—congestion, high fees, and slow transactions. Buterin's proposal seeks to bolster Ethereum's PoS system, focusing on optimizing consensus and refining participant rewards for enhanced scalability and decentralization.
Too Many Signatures
Ethereum's 895,000 validators contribute to decentralization and staking participation but create a processing burden. Each validator signing every time slot results in managing hundreds of thousands of signatures, consuming significant resources and bandwidth.
Breaking Free from Signature Growth
Vitalik Buterin suggests transitioning from increasing signatures per slot to decentralized stake pools. This dual-layer system maintains decentralization and security, with randomly selected validators for accuracy and a lightweight layer for additional security in case of issues, reducing signatures per slot.
Rotating Participation
Buterin proposes a unique validator selection method in Ethereum, opting for a rotating participation approach based on stake size. Larger stake validators have higher selection probabilities but face longer waits between selections, encouraging diversification and participation in various pools. This introduces a trade-off between frequency and reward, fostering a more dynamic ecosystem.
A More Scalable and Decentralized Ethereum
Buterin's proposal for Ethereum aims to enhance scalability and decentralization through optimized signatures, reduced processing, and increased efficiency. Decentralized stake pools seek to enhance participation and counter centralization risks, while a two-layered system tackles scalability with a balance of accuracy and security. However, challenges such as a substantial PoS overhaul and complexities in stake pool optimization and potential vulnerabilities persist. It serves as a starting point for research, not a definitive solution.
Stay updated on Ethereum and blockchain news through my account. 💛♦️
#Vitalik #VitalikButerin #ETH $ETH
Breaking News: Vitalik Buterin Praises Account Abstraction Upgrades as Game-Changing!
Ethereum Co-founder Vitalik Buterin Hails Account Abstraction Upgrades as "Truly Elegant"
Vitalik Buterin, the co-founder of #Ethereum recently expressed his admiration for the account abstraction upgrades, emphasizing their elegance and potential impact on the adoption of Web3. These upgrades would enable users to establish non-custodial wallets as programmable smart contracts, offering a range of benefits such as simple wallet recovery, signless transactions, and team wallets. With this development, users would be able to receive any token, including stablecoins, directly into their smart contract wallets and pay gas fees without the need to convert #ETH This upgrade has been in the works since before Ethereum's launch, and its implementation promises to revolutionize user experience and accessibility.
Advancements in Account Abstraction:
The latest version of Account Abstraction, known as Account Abstraction Using Alt Mempool (EIP-4337), introduces remarkable features that enhance the efficiency and flexibility of Ethereum transactions. Vitalik Buterin highlighted the capability of "paymasters" to use the specific token being traded to cover gas fees, eliminating the need for users to convert tokens. Additionally, signature aggregators can reduce costs by an impressive factor of 86. This development not only simplifies the transaction process but also reduces friction and enhances the overall user experience within the Ethereum ecosystem. $ETH
Beyond Account Abstraction:
While the Account Abstraction Upgrades are generating significant buzz, Ethereum's development team is actively working on other improvements as well. One such advancement is Proto-dank sharding, also known as EIP-4884. This initiative aims to establish a new data format that will drastically lower costs and improve the efficiency of data utilization. By leveraging this upgrade, Ethereum will be able to handle data in a more scalable and cost-effective manner, further enhancing its competitiveness and value proposition. #Vitalik
Implications for Web3 Adoption:
The account abstraction upgrades hold immense potential to drive the adoption of #Web3 technologies on a global scale. By enabling non-custodial wallets as programmable smart contracts, Ethereum empowers users to take control of their digital assets securely and conveniently. This advancement aligns with the principles of decentralization and user sovereignty, which are the cornerstones of Web3. With simplified wallet recovery, signless transactions, and seamless token compatibility, Ethereum is poised to redefine the user experience and attract a broader audience.
#Binanceturns6 $BTC $BNB
Vitalik Buterin, the co-founder of #Ethereum recently expressed his admiration for the account abstraction upgrades, emphasizing their elegance and potential impact on the adoption of Web3. These upgrades would enable users to establish non-custodial wallets as programmable smart contracts, offering a range of benefits such as simple wallet recovery, signless transactions, and team wallets. With this development, users would be able to receive any token, including stablecoins, directly into their smart contract wallets and pay gas fees without the need to convert #ETH This upgrade has been in the works since before Ethereum's launch, and its implementation promises to revolutionize user experience and accessibility.
Advancements in Account Abstraction:
The latest version of Account Abstraction, known as Account Abstraction Using Alt Mempool (EIP-4337), introduces remarkable features that enhance the efficiency and flexibility of Ethereum transactions. Vitalik Buterin highlighted the capability of "paymasters" to use the specific token being traded to cover gas fees, eliminating the need for users to convert tokens. Additionally, signature aggregators can reduce costs by an impressive factor of 86. This development not only simplifies the transaction process but also reduces friction and enhances the overall user experience within the Ethereum ecosystem. $ETH
Beyond Account Abstraction:
While the Account Abstraction Upgrades are generating significant buzz, Ethereum's development team is actively working on other improvements as well. One such advancement is Proto-dank sharding, also known as EIP-4884. This initiative aims to establish a new data format that will drastically lower costs and improve the efficiency of data utilization. By leveraging this upgrade, Ethereum will be able to handle data in a more scalable and cost-effective manner, further enhancing its competitiveness and value proposition. #Vitalik
Implications for Web3 Adoption:
The account abstraction upgrades hold immense potential to drive the adoption of #Web3 technologies on a global scale. By enabling non-custodial wallets as programmable smart contracts, Ethereum empowers users to take control of their digital assets securely and conveniently. This advancement aligns with the principles of decentralization and user sovereignty, which are the cornerstones of Web3. With simplified wallet recovery, signless transactions, and seamless token compatibility, Ethereum is poised to redefine the user experience and attract a broader audience.
#Binanceturns6 $BTC $BNB
Vitalik Sells MakerDAO Stake Following CEO Christensen's Hint at Solana-based Blockchain.
$SOL
#WebGTR #Vitalik #Christensen #Solana #blockchain
$SOL
#WebGTR #Vitalik #Christensen #Solana #blockchain
