Vitalik Buterin - Vida del joven genio creador de Ethereum

A Community For Discussion Around Cryptography

This subreddit was inspired by a post made in /crypto. In this subreddit, we can examine different ideas and play around with them, or even implement some ourselves, although just for experimental reasons.
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Ethereum biweekly: Ecosystem and projects’ updates, opinion and research articles. 12th May — 26th May. Reddit announces community tokens on Ethereum. Quarterly EF update. Idea from Justin Drake on putting price feed oracles in Eth2 via validators, and a counter-proposal from Vitalik Buterin, lots o

submitted by sasha_sh to ethstaker [link] [comments]

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA submitted by hamertastic to btc [link] [comments]

Want to Know What Tokens Vitalik Buterin and other Ethereum Devs Hodl? They Shared Their Blockfolios on a Reddit AMA https://goo.gl/UqM2yX - Crypto Dynamic Info - Whales's

Posted at: February 21, 2019 at 08:05AM
By:
Want to Know What Tokens Vitalik Buterin and other Ethereum Devs Hodl? They Shared Their Blockfolios on a Reddit AMA https://goo.gl/UqM2yX
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submitted by cryptotradingbot to cryptobots [link] [comments]

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA submitted by cryptoallbot1 to cryptoall [link] [comments]

Want to Know What Tokens Vitalik Buterin and other Ethereum Devs Hodl? They Shared Their Blockfolios on a Reddit AMA

Want to Know What Tokens Vitalik Buterin and other Ethereum Devs Hodl? They Shared Their Blockfolios on a Reddit AMA submitted by Ranzware to BitNewsLive [link] [comments]

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA submitted by eida2021 to CryptoCurrencies [link] [comments]

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA

Ethereum Co-Founder Vitalik Buterin Reveals Non-Ethereum Cryptocurrency Holdings, Other Revenue Streams in Reddit AMA submitted by hamertastic2 to Crypto_Currency_News [link] [comments]

Gregory Maxwell and Ethereum's Vitalik Buterin Square Off on Reddit

Gregory Maxwell and Ethereum's Vitalik Buterin Square Off on Reddit submitted by increaseblocks to btc [link] [comments]

Cardano's Charles Hoskinson Clashes with Ethereum's Vitalik Buterin on Reddit and Twitter

Cardano's Charles Hoskinson Clashes with Ethereum's Vitalik Buterin on Reddit and Twitter submitted by xenokilla to redditorsmakethenews [link] [comments]

Bitcoin mentioned around Reddit: Vitalik Buterin On The State Of Ethereum, The Future Of Blockchain And Google Trying To Hire Him /r/ethtrader

Bitcoin mentioned around Reddit: Vitalik Buterin On The State Of Ethereum, The Future Of Blockchain And Google Trying To Hire Him /ethtrader submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Ethereum co-founder Vitalik Buterin gets answers to his 7 Questions from Reddit Users.......Find his first response!

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Gregory Maxwell and Ethereum’s Vitalik Buterin Square Off on Reddit

Gregory Maxwell and Ethereum’s Vitalik Buterin Square Off on Reddit submitted by N-Bit to Crypto__News [link] [comments]

Bitcoin Discussion • reddit - Vitalik Buterin tried to develop Ethereum on top of Bitcoin - BTC devs made it too hard - by unitedstatian

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin mentioned around Reddit: TIL Vitalik Buterin - a uw cs student was given $100,000 to drop out of school to work on his project full time. He ended up co-founding Ethereum which may be replacing Bitcoin one day. /r/uwaterloo

Bitcoin mentioned around Reddit: TIL Vitalik Buterin - a uw cs student was given $100,000 to drop out of school to work on his project full time. He ended up co-founding Ethereum which may be replacing Bitcoin one day. /uwaterloo submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[Overview] All you need to know from the Ethereum AMA on Reddit with Vitalik Buterin and the rest of the team

[Overview] All you need to know from the Ethereum AMA on Reddit with Vitalik Buterin and the rest of the team submitted by coinwatcher to ethereum [link] [comments]

The Unofficial Cardano FAQ - V3

(if you would like to add information or see mistakes, just comment below and I will credit you)
What is Cardano? Cardano is an open source and permissionless "Third Generation" blockchain project being developed by IOHK. Development and research started in 2015, with the 1.0 mainnet launching in 2017. Cardano blockchain is currently being developed into two layers. The first one is the ledger of account values, and the second one is the reason why values are transferred from one account to the other.
  1. Cardano Settlement Layer (CSL) - The CSL acts as the ledger of account or balance ledger. This is an idea created as an improvement of bitcoin blockchain. It uses a proof-of-stake consensus algorithm known as Ouroboros to generate new blocks and confirm transactions.
  2. Cardano Computation Layer (CCL) - The CCL contains the data how values are transferred. Since the computation layer is not connected to balance ledger, users of the CCL can create customized rules (smart contracts) when evaluating transactions. (https://support.bitkub.com/hc/en-us/articles/360006678892-What-are-the-two-layers-of-Cardano-)
IOHK has the contract with an undisclosed party to develop the project until the end of 2020, at which point the community may elect another development team - on the assumption that the voting infrastructure has been completed. However CEO Charles Hoskinson has stated that they will develop the project until it is completed, and they are simply financed until the end of 2020.
Cardano was the first project built on a peer-reviewed scientific development method, resulting in dozens of research papers produced by IOHK. Among these papers is Ouroboros Genesis, proving that a Proof of Stake protocol can be just as secure as Proof of Work - which was originally developed for Bitcoin, and refined for Ethereum. This PoS protocol considerably lowers the resources cost to maintain network while still maintaining security and network speed.
Cardano as a financial infrastructure is not yet completed, With significant development to be rolled out.
What were the other two generations of blockchain? Gen 1 was Bitcoin. It exists by itself and talks to nobody but Bitcoin. It is capable of peer to peer transactions without a third party in such a way that you cannot cheat the system. This was a major step forward for the E-cash concept that people have been working on for the 20 years prior.
Gen 2 was Ethereum and other smart-contract platforms that allow other coins and platforms to be built on top of their infrastructure. These coins can interact with others on the platform, but cannot interact with other platforms. Meaning it is still not truly interoperable. Most Gen 2 blockchains are also using Proof of Work likes Bitcoin, which effects scaling. Also missing is a built-in method to pay for upgrades and voting mechanics for decision making.
Gen 3 blockchains are a complete package designed to replace the current financial infrastructure of the world. Cardano is using Proof of Stake to ensure security and decentralisation(Shelley). Scaling through parallel computation (Hydra in Basho), Sidechains to allow the platform to interact with other platforms (Basho), and also include mechanisms for voting for project funding, changes to the protocol and improvement proposals (Voltaire). Finally smart contracts platform for new and established projects that are developer friendly (Goguen).
Who is the team behind Cardano? There are three organisations that are contributing to the development of Cardano. The first is the Cardano Foundation, an objective, non-profit organisation based in Switzerland. Its core responsibilities are to nurture, grow and educate Cardano users and commercial communities, to engage with authorities on regulatory and commercial matters and to act as a blockchain and cryptocurrency standards body. The second entity is IOHK, a leading cryptocurrency research and development company, which holds the contract to develop the platform until 2020. The final business partner is Emurgo, which invests in start-ups and assists commercial ventures to build on the Cardano blockchain.
www.Cardano.org www.emurgo.io https://cardanofoundation.org/en/
What is the difference between Proof of Work and Proof of stake? Both these protocols are known as “consensus protocols” that confirm whether a transaction is valid or invalid without a middleman like Visa or your bank. Every node (active and updated copy of the blockchain) can agree that the transaction did take place legitimately. If more than half validators agree, then the ledger is updated and the transaction is now secured. Proof-of-Work (PoW) happens when a miner is elected to solve an exceptionally difficult math problem and gets credit for adding a verified block to the blockchain. Finding a solution is an arduous guessing game that takes a considerable amount of computing power to compete for the correct answer. It is like “pick a number between 1 and one trillion” and when you get it right, you get $30,000 in Bitcoin, so the more computers you have working on it, the faster you can solve it. Also the more people who are trying to solve the same block, the harder the algorithm, so it may become 1 in 20 trillion. The downside is the massive amounts of power required to run the computers that run the network, and the slow pace that blocks are solved. To “Hack” a PoW system, you need 51% of the computing power, which would allow you to deny transactions, or spend the same coin twice. At the moment there are 8 main mining operations for bitcoin, and 4 of them make up more that 51% of the mining power.
PoS instead selects a coin at random that already exists, and the person who owns that coin is elected to put the work in to validate the block. This means there is no contest and no guessing game. Some computer power is required, but only a fraction of a PoW system. The complex nature of selecting a coin that exists on the correct and longest chain and is owned by someone who can complete the block, AND in such a way that it is secure AND that computer currently running AND that person also having an incentive to complete the work, has made the development of PoS very slow. However only a few years ago it wasn’t even possible. In this method, the more of the coin (ADA) you stake, the more likely you are to be selected to close a block. Cardano also allows you to delegate your stake to someone else to validate the block so they do the work, and you share in the reward for doing so.
To “hack” a PoS blockchain you need to own 51% of the tokens, which is significantly harder than owning 51% of the computing power.
What is ADA and how is it different to Cardano? Cardano is the name of the network infrastructure, and can be thought of like a rail network. ADA is the native token that has been developed alongside Cardano to facilitate the network operation. This helps confusion and maintains distinction, compared to Ethereum being the native token of Ethereum. Similar to bitcoin or any other token, ADA can be sent peer to peer as payment, but is also the reward for running the network, and what is taken as transaction fees.
In this metaphor “Cardano” is the train tracks, that everything runs on. A stake pool would be the locomotive, facilitating transactions on the network while ADA is the coal that powers the locomotive. The train carriages are Decentralised applications (Dapps) that are also running on cardano tracks, but are not actively powering the network.
What is staking Cardano is a Proof of Stake protocol, and uses already existing coins like a marker to ensure security. The protocol chooses a coin at random and the owner of that coin is elected to validate a block of transactions. Staking is the process of adding your ADA coins to a Pool that has the resources to run the network. If the pool you have chosen to "delegate" your stake to is chosen to close/validate a block, then you get a portion of the rewards. The ADA never leaves your wallet, and you can "undelegate" whenever you like. this increases stability of the network and also gives an incentive to pool operators to invest the time and hardware required to run a pool.
What is a stake-pool and how does it work? Cardano.org FAQ on the issue goes into much more detail
A stake pool is where the computing power of the network takes place. During ITN there was 1200 registered stake pools while 300 were creating blocks. You can manage your own stake-pool or delegate your ADA to an already registered pool. Rewards are determined by the protocol, however the pool may elect to charge fee Percentages, or flat rate fee to upkeep their pool.
Can I Stake my ADA right now? The staking testnet has closed, If you participated in the Incentivised Test Net and earned rewards, instructions to check the balance are here.
However if you have just purchased some or it was held on an exchange, then you will need to wait until the Shelley mainnet launch happening at the end of July 2020.
Where do I stake my ADA? Daedalus Flight wallet, and Yoroi Wallet (as a chrome extension) are the current best options. Adalite and several other third-party wallets also exist. Coinbase will also allow staking as a custodial service, and many exchanges may offer “staking as a service” so you can leave your coins on the exchange and still earn rewards if you enjoy trading. I do not recommend leaving coins on an exchange unless you are actively trading.
What are the staking rewards now and what can I expect on a return in the future? The Incentivised Test Net (ITN) Delivered 10%-15%pa returns on average. The future of staking will most likely be lower, but will depend on the amount of ADA staked across the network and the amount of network traffic.
Check https://staking.cardano.org/en/calculato for a clearer picture.
what is a Pledge? To stop one person operating many pools, the rewards that a pool earns will vary depending on the amount of personal ADA they “pledge” to open the pool. This means that 50 pools with a 1,00ADA pledge each will be overall less profitable than 1-2 pool with the max ADA pledge (unknown but likely around 300k). Even if the 50 pools have the same over stake delegated by other users and have a better chance of being selected to close a block, the 50 pools may receive lower rewards.. (at least that is the theory)
Who is IOHK? IOHK is a for-profit software engineering company founded by CEO Charles Hoskinson and Jeremy Wood in 2015 that has taken a scientific approach to the development of blockchain. IOHK started with “first principles” and looked at questions like “what is a blockchain” and “what should a blockchain be able to do” rather than accepting the established paradigm of Bitcoin and Ethereum. IOHK was originally Input Output Hong Kong, but is now Input Output Global and is based in Wyoming USA employing over 230 staff. IOHK has established research labs in several universities in order to complete the Cardano project, and is also developing Ethereum Classic, Atala, Mantis and possibly other Blockchain related programs and infrastructure.
Who is Charles? Charles Hoskinson is an early adopter of cryptocurrencies, American entrepreneur and cryptocurrency specialist. Charles Co-founded Ethereum with Vitalik Buterin and 5-8 others, However he only worked on that project for approximately six-months. Charles is now the CEO of IOHK and the director of The Bitcoin Education Project.
Why isn’t ADA on coinbase? Cardano and coinbase have recently connected in a big way. With IOHK turning over all their ADA to the custodial services of Coinbase. This means that Cardano and Coinbase have been working together for some time and there is a strong partnership forming. Staking and cold storage will be available and trading on Coinbase will most likely become available after the release of Shelley (although no official word yet)
Why Doesn’t Cardano have a Wikipedia Page? Wikipedia has strict guidelines on what can be turned into an article. As there has been no coverage of Cardano from mainstream media or “noteworthy” sources, there is no article yet. Wikipedia will also not accept sources from IOHK as they are not considered “reliable” and must come from a third party. This will most likely change soon.
Cardano does have a dedicated community driven wiki
https://cardanowiki.info/wiki/Home
What is Atala and why do I care?*
Atala is a suite of services being developed on top of the cardano blockchain by IOHK that focusses on credential certification, for things like education, work history and degrees (Atala Prism). Product counterfeiting protection through registering products on a blockchain and create taper-proof provenance. This does not only apply to Gucci handbags, but also medication, art, and anything that can be counterfeited (Atala Scan). As well as supply chain tracking to see issues and inefficiencies with greater transparency(Atala Trace).
Im new, how much is a good investment?
Cardano is still a speculative market and although there is amazing potential here, it is still only potential. When investing in any High risk market like Crypto, only every invest what you are willing to lose. Cardano may be testing the 10c barrier now. But in March it dumped to 1.7c. And if you suddenly need your money back during the dump then you are out of luck. Do your research before you FOMO in. Start with a small amount and send it between wallets and exchanges to understand how the system works. Store your private keys offline (or online cloud service but encrypted) with a method that is unlikely to be damaged AND have multiple copies. So in the case of a house fire or a blow to the head, or the cloud service being shutdown/destroyed, you do not lose your money.
Timelines
https://roadmap.cardano.org/en/
Shelley Decentralisation rollout and news
Goguen smart contract rollout
Voltaire Voting mechanics – no official roll out timeline (though promised for 2020)
Basho scaling and sidechains – no official roll out time line (most likely 2021)
submitted by YourBestMateRobbo to cardano [link] [comments]

Why I like Cardano vs Ether - A Project Perspective


Undoubtedly, any IT professional who has been around for a while has seen or has been on projects that have failed. The reasons for failure are riddled with excuses and antidotes but in my experience its usually due to poor project management methodology & governance, lack of team cohesion, and ill-considered architectural decisions. Incompetent executives also have a lot to answer for as well
As an IT program manager myself, I have learned that there are 6 key criteria for success.
  1. Well thought out architecture.
  2. A true understanding in the necessity to build harmonized teams with complementary skill sets. Teams who understand the true principals of being part of a cohesive team vs the all too common developers coding to their own drumbeat.
  3. Strong product management capable of defining a well thought out deliverable schedule taking architecture, design, and value maps into consideration.
  4. Strong, agile-based project methodology that streamlines efforts and turn teams into an efficient 'assembly lines, producing 'artifacts of value' incorporating an uncompromising quality control framework.
  5. Unification of messaging. In essence, the entire team would not only be across the objectives of the project using the same language but they would in agreement to that road-map not due to an overzealous product owner but through understanding and rational. Only teams that have a detailed understanding of the 'why' and 'how' can achieve this goal. Unfortunately, most teams only focus on the 'what' which is a serious shortfall in thinking.
  6. Strong Stakeholder and executive buy-in.
A blockchain project that is clearly missing most of the above is Ethereum. In no stretch of the imagination would I consider Etherium a failure but regardless of past success, they are failing to meet most if not all of the above criteria which puts the future viability of the project into serious question.
As we all know, Ethereum moved fast 5 years ago and showed the world the potential of smart contracts but in doing so, they completely missed the boat on creating a sustainable and scalable solution with interoperability in mind. It's leader, Vitalik Buterin while undeniably brilliant is not a skilled project or product professional. He's a mathematician and it naive to think just that because your highly skilled in one area doesn't make him an expert in another. As someone who has spent the last 20+ mastering the craft, I can tell you that he simply doesn't have the know-how to lead a project on this scale. This isn't meant to be an insult, its merely a fact. If someone had said to me " Hey you don't have the skill set to be an electrical engineer", I would not take it as an insult. It's simply a fact. I don't. I'm a program professional not an engineer.
The Etherium team, from what I can tell aren't a team at all. Rather, they are a dispersed group of individuals working way out of sync with one another. I have seen no evidence of any common design frameworks and from what I can ascertain there is no cohesive, project methodology such as agile scrum or any evidence of a true dev-ops framework incorporating CI/CD against a defined and repeatable quality assurance framework. If there is and if I got this wrong then ok, I'll take it on the chin but I would ask that evidence is produced supporting a different view.
I'm not here to bash Etherium but if the above is true then the ecosystem is clearly not sustainable. In a nutshell, too many of the points stated above are missing and they are now in a position that with each passing day they are going to increase the 'disappointment velocity ' to the market and developers will look to greener pastures.
That being said, this is not an indication of the future price of the Etherium coin vs a view on the long term viability of the project. In fact, their coin price will probably continue to rise but it's fair to say that the average analyst /investor has no idea how projects are delivered and the steps required to be successful. Hell, most project professionals miss the points above and in my opinion, one day the floor will fail out of it and there will be a lot of punters who will lose out in a pretty spectacular way and then they will ask " How did this happen". Hmmm
Now, on the other side of the fence is Cardano and when I assess them against the above criteria I come to a very different conclusion. Without going into to much detail, Cardano is doing a lot of things that I would expect from a global initiative such as this.
Another factor that I love is their ability to focus on the right things at the right time. Cardano spent zero time or effort trying to market themselves during the last three years and rightfully so. They had nothing to sell but things have changed and they have now engaged a top tier marketing company to assist with the "sell".
In other words, they are once again demonstrating the mantra to procure the right skill sets to ensure the best possible results and in the case of Cardano, they are doing it at just the right time. There timing is simply perfect. They have also engaged one of the big three consulting companies knowing full well that relationships like this can open a lot of doors and bring early visibility to sectors of the economy that would normally be closed by thick institutional walls.
Not without any criticism, however, I am of the opinion that Cardano started off shaky with very little of the aforementioned boxes checked but overtime they clearly learnt through their own mistakes and have coarse corrected. While most see the advantages to coarse correct, most teams struggle to actually do it. they talk the talk but they don't walk the walk. There is just too much to lose with Ego being at the top of the list and while you can all have your personal opinion about Charles H, he obviously realized pretty early on on the need coarse correct and to his credit, he did a pretty good job doing it.
He changed the Cardano programming languages, he began to hire a wider range of qualified skillsets which included some pretty solid product, project and QA practitioners vs solely focusing on himself/ developers alone. While peer review of the solutions was always a factor, his new hires created a well-oiled assembly line with a strong focus on QA and efficiencies. Well done.
In summary, I am long ADA and now quite happy with the position I am holding. There has never been a better time to be part of this community and being an early advocate of a solution that could potentially change the world is quite exciting. It would also be a lie to state that is my only motivation. I want to price to rise and quick frankly I want to benefit handsomely for my support of the years.
All good things will come with patience and to help this community move forward I will leave you with this thought.
Instead of constantly badgering these forums asking WHEN the benefits of Cardano will be fully realized ask yourself what you can do to help spread the word and assist others in realizing it's full potential.
Happy days everyone.
submitted by crazylarry1986 to cardano [link] [comments]

Ethereum 2.0 update is just around the corner: plans and opinions

Recently, Ethereum (ETH) has shown a rise and managed to bypass Bitcoin in terms of the price increase. This is due to the upcoming technical update, which should increase the value of both the Ethereum network and cryptocurrency.

Buterin: plans and forecasts

Vitalik Buterin claimed the Ethereum 2.0 protocol update, which will change the Ethereum consensus mechanism to Proof-of-stake (PoS), is still planned to be introduced in July.
The update, also referred to as Serenity, has been delayed several times. Initially, the launch of Ethereum 2.0 was scheduled for January 3, 2020 – the day of the 11th anniversary of Bitcoin, but the developers decided to postpone it to the middle of 2020. Later the developers said that the update would be deployed on July 30, 2020 – the day of the fifth anniversary of the launch of Ethereum.
At the Consensus: Distributed conference, the father founder of Ethereum said that the Ethereum 2.0 test network had been already launched, and the first stages of implementation began in early May 2020. Buterin also noted that many Ethereum development groups were working on scaling initiatives that would be implemented shortly after a successful release of PoS.
These include well-known methods, such as sharding, which splits the nodes of the global network into segments, so that each group of nodes has the same bandwidth as the current network of Ethereum. Buterin additionally mentioned new scaling solutions that are currently being tested.
One of them is the Optimistic Rollup second-stage solution, which “theoretically may be scaled to more than 1,000 transactions per second” even inside the current Ethereum network.

Ethereum blockchain expansion

The founder of the Ethereum ecosystem hints that the update will significantly affect the price. In one of the Reddit threads, Buterin stated the Ethereum Classic blockchain could merge with the Etherium 2.0. This would add approximately $975 million to capitalization, which would certainly have a positive effect on price increases.
The price of Ethereum shows stable growth, it reached $245 on June 24, 2020. Summary in “Technicals” for a 1-month period shows strong Ethereum BUY action. Also, the planned ETH burning mechanism will further reduce the supply of coins in the market. Accordingly, the rate of the second cryptocurrency will grow.
The increase of the ETH rate should also be facilitated by the fact that now it has become much easier for retail beginner investors to use fiat currencies to purchase cryptocurrencies.

Experts say

The forecasts of the crypto community experts contribute a lot into the opinion “Ethereum is a good investment”:
“From a developer’s perspective, Ethereum is the most famous blockchain in which most smart contracts and decentralized applications are deployed,” – said Damien Brener, founder, and CEO of OpenZeppelin.
According to the co-founder and head of Kenetic Capital, Jehan Chu, even though the update has been developed for 5 years, during this time not a single cryptocurrency was able to take the position of Ethereum.
“Ether continues to be the second-largest cryptocurrency, and its recent price spike demonstrates the long-term confidence of traders in its market position,” – Chu stated.
submitted by CoinjoyAssistant to ethinvestor [link] [comments]

Braving the Wind and the Waves, DeFi Earns GNO Great Fame Overnight

Braving the Wind and the Waves, DeFi Earns GNO Great Fame Overnight
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
2020 is destined to be an unusual year. It has witnessed the outbreak of Covid-19 all over the world and the economic crisis in many countries. The financial markets have plunged into a gloom, especially the market in the US where trading was temporarily halted five times in a row, an incident rare to even Warren Buffet, the godfather of American stock market. The cryptocurrency world has not been spared as many blockchain companies failed to survive because of the broken capital chain, causing a domino effect; investors in this world even started to hold negative towards cryptocurrencies after the big crash on March 12, which even dissuaded many outsiders from getting in…
In a word, the first half of 2020 is really too hard!
Many projects in the blockchain industry are struggling to survive, and those survivors deserve our praise. Among them is DeFi that was once popular.
DeFi, developing at the critical time, is destined to ride the wind and waves this year, ushering in all opportunities and challenges. In fact, the crypto community has been concerned about DeFi since 2019. With its exploration of financial applications, DeFi has derived prediction markets, insurance, payment platforms, asset management, and identity information authentication from financial scenarios, in addition to stablecoins, borrowing and DEX.
Today we are going to talk about the decentralized prediction market, part of DeFi’s product matrix. It looks a bit high-end. After all, not everyone can handle its slogan, “redistribute the future”. There are two representative players in this market segment, the leader Augur and the latecomer Gnosis.

https://preview.redd.it/umpprozs9db51.jpg?width=512&format=pjpg&auto=webp&s=d62eb4c4bdadd14a21d6e1f18c837076174644ce
Gnosis means knowledge in Greek, also representing prophecy. The project deserves its name, which is to predict the future. Gnosis is a decentralized prediction market built on the Ethereum protocol; like Augur, it is one of the most compelling projects in the Ethereum ecosystem.
Gnosis provides an open platform for people to predict the outcome of any event, which greatly simplifies the creation of customized prediction market applications and lowers the threshold for users. Its development can be traced back to the early days of the establishment of Ethereum. The team is led by Martin Koppelmann and Stefan George, experts in the prediction market, and an extraordinary advisory team represented by Vitalik Buterin, the Ethereum founder, and Joe Lubin, founder of ConsenSys. After 2 years of uninterrupted research and development, Gnosis has brought together the latest blockchain technologies such as Oracle, State Channels, and Futarchy. Its “Crowdsourced Wisdom” platform allows anyone to predict the market at any time, and those with accurate prediction can receive rewards. (PS: The age of the prophet is coming!)
In addition, Gnosis has also opened its own platform to create Dapp (decentralized applications). By the way the beta version of Gnosis is one of the first Dapps based on Ethereum and was released in August 2015.
In April 2017, Gnosis issued its token, GNO. Unlike the traditional way of token sale, the Gnosis team chose an improved Dutch auction: 10 million GNOs as planned, up to 9 million GNOs will be sold through auctions, and the remaining tokens belong to the team.
In the improved Dutch auction as aforementioned, the bidding price of the auction target decreases in sequence until the auction termination condition is triggered. Contrary to the case in current mainstream token crowdfunding pricing methods, the price of GNO will be lowered for each new block. During the auction, participants can send ETH to the token address released by the official, promising to purchase GNO at or below the current price upon submission. When the auction termination condition is triggered (i.e. where ETH in the equivalent of 12.5 million US dollars is raised or 9 million GNOs sold), the final GNO price on the block will be determined as the GNO auction price.
Under this mechanism, all participants in a successful bidding have the same cost of obtaining each GNO, and the final auction price of the GNO will not be higher than the price promised by the participants in the bidding.
In fact, the Gnosis ecosystem consists of two tokens: GNO and OWL. GNO is a local token in the Gnosis system. Its main purpose is to generate OWL — users can obtain OWL by locking the GNO in a smart contract.
Some people claim that Gnosis has innovated in its effort to emulate Augur and even excelled the latter by virtue of the introduction of Oracle, which improves efficiency and expands the scope of use:
  1. Gnosis provides an open platform for people to predict the outcome of any event. At the same time, the automatic execution of Oracle and the smart contract enables players to enter the prediction market more flexibly and freely, which not only simplifies the creation of customized prediction market applications but makes it even more efficient;
  2. Oracle and smart contracts can automatically execute the prediction market, bringing it a grander vision that Gnosis participants may be no longer individuals; in the Internet of Things, the information collected by sensors can also enter into the blockchain as an information asset for prediction through Oracle, further expanding its scope of use.
With the popularity of DeFi, GNO rose to fame overnight. According to the data shown on feixiaohao.com, GNO rose 94.56% this April, its community has also gained growing attention, and followers on Twitter and Reddit have surged in a month. Just like LBC, an obscure cryptocurrency that suddenly went viral, GNO deserves its fame on the one hand, and, on the other, it happened with a help of DeFi.


At present, GNO has been listed in the new first-tier exchange CoinEx, providing users with more trading options for DeFi-related projects. As DeFi braves the wind and waves, how will GNO seize this opportunity? Will its trading volume and popularity continue to rise? Welcome to share your opinions in CoinEx!
About CoinEx
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Ethereum 2.0 update is just around the corner: plans and opinions

Recently, Ethereum (ETH) has shown a rise and managed to bypass Bitcoin in terms of the price increase. This is due to the upcoming technical update, which should increase the value of both the Ethereum network and cryptocurrency.

Buterin: plans and forecasts

Vitalik Buterin claimed the Ethereum 2.0 protocol update, which will change the Ethereum consensus mechanism to Proof-of-stake (PoS), is still planned to be introduced in July.
The update, also referred to as Serenity, has been delayed several times. Initially, the launch of Ethereum 2.0 was scheduled for January 3, 2020 – the day of the 11th anniversary of Bitcoin, but the developers decided to postpone it to the middle of 2020. Later the developers said that the update would be deployed on July 30, 2020 – the day of the fifth anniversary of the launch of Ethereum.
At the Consensus: Distributed conference, the father founder of Ethereum said that the Ethereum 2.0 test network had been already launched, and the first stages of implementation began in early May 2020. Buterin also noted that many Ethereum development groups were working on scaling initiatives that would be implemented shortly after a successful release of PoS.
These include well-known methods, such as sharding, which splits the nodes of the global network into segments, so that each group of nodes has the same bandwidth as the current network of Ethereum. Buterin additionally mentioned new scaling solutions that are currently being tested.
One of them is the Optimistic Rollup second-stage solution, which “theoretically may be scaled to more than 1,000 transactions per second” even inside the current Ethereum network.

Ethereum blockchain expansion

The founder of the Ethereum ecosystem hints that the update will significantly affect the price. In one of the Reddit threads, Buterin stated the Ethereum Classic blockchain could merge with the Etherium 2.0. This would add approximately $975 million to capitalization, which would certainly have a positive effect on price increases.
The price of Ethereum shows stable growth, it reached $245 on June 24, 2020. Summary in “Technicals” for a 1-month period shows strong Ethereum BUY action. Also, the planned ETH burning mechanism will further reduce the supply of coins in the market. Accordingly, the rate of the second cryptocurrency will grow.
The increase of the ETH rate should also be facilitated by the fact that now it has become much easier for retail beginner investors to use fiat currencies to purchase cryptocurrencies.

Experts say

The forecasts of the crypto community experts contribute a lot into the opinion “Ethereum is a good investment”:
“From a developer’s perspective, Ethereum is the most famous blockchain in which most smart contracts and decentralized applications are deployed,” – said Damien Brener, founder, and CEO of OpenZeppelin.
According to the co-founder and head of Kenetic Capital, Jehan Chu, even though the update has been developed for 5 years, during this time not a single cryptocurrency was able to take the position of Ethereum.
“Ether continues to be the second-largest cryptocurrency, and its recent price spike demonstrates the long-term confidence of traders in its market position,” – Chu stated.
submitted by CoinjoyAssistant to ethereum [link] [comments]

Ethereum 2.0 update is just around the corner: plans and opinions

Recently, Ethereum (ETH) has shown a rise and managed to bypass Bitcoin in terms of the price increase. This is due to the upcoming technical update, which should increase the value of both the Ethereum network and cryptocurrency.

Buterin: plans and forecasts

Vitalik Buterin claimed the Ethereum 2.0 protocol update, which will change the Ethereum consensus mechanism to Proof-of-stake (PoS), is still planned to be introduced in July.
The update, also referred to as Serenity, has been delayed several times. Initially, the launch of Ethereum 2.0 was scheduled for January 3, 2020 – the day of the 11th anniversary of Bitcoin, but the developers decided to postpone it to the middle of 2020. Later the developers said that the update would be deployed on July 30, 2020 – the day of the fifth anniversary of the launch of Ethereum.
At the Consensus: Distributed conference, the father founder of Ethereum said that the Ethereum 2.0 test network had been already launched, and the first stages of implementation began in early May 2020. Buterin also noted that many Ethereum development groups were working on scaling initiatives that would be implemented shortly after a successful release of PoS.
These include well-known methods, such as sharding, which splits the nodes of the global network into segments, so that each group of nodes has the same bandwidth as the current network of Ethereum. Buterin additionally mentioned new scaling solutions that are currently being tested.
One of them is the Optimistic Rollup second-stage solution, which “theoretically may be scaled to more than 1,000 transactions per second” even inside the current Ethereum network.

Ethereum blockchain expansion

The founder of the Ethereum ecosystem hints that the update will significantly affect the price. In one of the Reddit threads, Buterin stated the Ethereum Classic blockchain could merge with the Etherium 2.0. This would add approximately $975 million to capitalization, which would certainly have a positive effect on price increases.
The price of Ethereum shows stable growth, it reached $245 on June 24, 2020. Summary in “Technicals” for a 1-month period shows strong Ethereum BUY action. Also, the planned ETH burning mechanism will further reduce the supply of coins in the market. Accordingly, the rate of the second cryptocurrency will grow.
The increase of the ETH rate should also be facilitated by the fact that now it has become much easier for retail beginner investors to use fiat currencies to purchase cryptocurrencies.

Experts say

The forecasts of the crypto community experts contribute a lot into the opinion “Ethereum is a good investment”:
“From a developer’s perspective, Ethereum is the most famous blockchain in which most smart contracts and decentralized applications are deployed,” – said Damien Brener, founder, and CEO of OpenZeppelin.
According to the co-founder and head of Kenetic Capital, Jehan Chu, even though the update has been developed for 5 years, during this time not a single cryptocurrency was able to take the position of Ethereum.
“Ether continues to be the second-largest cryptocurrency, and its recent price spike demonstrates the long-term confidence of traders in its market position,” – Chu stated.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Ethereum 2.0: Why, How And Then?

Ethereum 2.0: Why, How And Then?
Why update Ethereum? One problem of the Ethereum network that the update should solve is scalability. At the moment, its blockchain can perform to 15 transactions per second, which is over two times more than that of bitcoin. However, this speed is still not enough for a large number of users. For example, the Visa payment system can perform up to 24 thousand transactions per second.
Adding an Optimistic Rollup technology will help to solve the scalability problem. According to Vitalik Buterin, the creator of Ethereum, its implementation will occur after the network’s update and will increase its throughput to 1000 transactions per second.
by StealthEX
Another solution to this problem is a change in the algorithm. Currently, Ethereum runs on the same protocol as Bitcoin, Proof-of-Work, confirmation of transactions in the cryptocurrency network occurs using the computing power of processors.
Using the Proof-of-Work algorithm limits the growth of the Ethereum network bandwidth. To withstand a large load, more miners are needed, but the growth of their number slows down since it becomes more difficult to mine cryptocurrency and, consequently, less profitable.
This is the reason the Ethereum development team is planning to switch to the Proof-of-Stake algorithm. Unlike the PoW, it does not require the use of computing power to confirm blocks. Instead of miners, transactions will be confirmed by validators. To become a validator, the user should have 32 ETH and install a special client. From a technical point of view, this is easier than buying mining devices and maintaining their functionality, as well as looking for access to cheap electricity. Thus, the system will no longer need expensive hardware.
The main solution to the scalability problem will be to implement sharding. Current Ethereum network is a unified database. After the update, the blockchain will be divided into autonomous, interacting blocks — shards, each of which will process particular transactions and smart contracts, which, however, will be recognized by the entire Ethereum blockchain. Nodes that form the shard process information separately, this allows maintaining the principle of decentralization. This is important since the risk of centralization is another big problem of the old algorithm.
Since the complexity of mining has increased over time, and now this process requires having expensive equipment and access to cheap electricity, small participants can not afford to stay in the game. In such conditions, big pools of miners that can provide higher productivity have a decisive advantage. For example, in April, more than 50% of the computing power of the Ethereum network was provided by only two mining pools. This creates a significant risk of centralization and “51% attacks”.
Validators will confirm transactions and get rewards in the form of passive income. According to the project’s roadmap, this amount will vary from 1.81% to 18.1%. The profitability of the stacking will depend on the number of validators. The more of them, the smaller the amount they get. However, there will be some costs. In the same Ethereum 2.0 roadmap, developers mentioned that the cost of validating transactions, based on rough calculations, will be about $180 per year. One of the developers of the project, Justin Drake, predicts that on average the validator will receive an income of 5% per year.

What is the estimated Ethereum 2.0 release date?

The launch of Ethereum 2.0 will take place gradually, in six stages, the “zero” of which is expected this summer. However, it is worth noting that due to finding vulnerabilities, the dates have already been shifted several times–initially, the transition to the new version was planned in 2019.
One of the developers of the project, Afri Schoedon, said that the launch could be postponed to 2021. According to him, under favourable circumstances, the main network can be presented in November of this year, but there are certain difficulties in this.
Schoedon explained that before launching ETH 2.0, all of its clients must be brought to the same specifications. After that, the developer’s team needs to open a unified deposit contract so that users can transfer their assets from the old chain to the new one. Between these stages, developers also need additional time, so they could test all aspects of the new system.
As it usually happens, there’s going to be two parallel blockchains as a result of the hard fork. The first one, ETH1, will continue to work using an old protocol, while the update will be implemented on ETH2. Users will be able to transfer their coins from the old blockchain to the new one, but not vice versa. The appearance of sharding will allow developers to move to phase 1.5 — during this phase, ETH1 will merge with ETH2, becoming one of the 64 “shards” of the updated blockchain. In the second phase, smart contracts become available on ETH2, which can be considered the full start of its economic activity.

And what are expectations?

Updating the Ethereum network will increase its technical capabilities, namely, it will speed up and reduce the cost of transactions, as well as make the blockchain less vulnerable for centralization process.
Currently, the absolute majority of decentralized finance projects are developed using the Ethereum platform. The Ethereum 2.0 release will probably attract even more partners who will use the blockchain for their projects.
Ryan Watkins, Messari Analysis company’s researcher, highly values the importance of updating.
“ETH 2.0 is a much stronger catalyst than the Bitcoin halving simply because it’s an uncertain and fundamental change.” — Ryan Watkins wrote on his Twitter account
And the part about uncertainty is hard to disagree with. Of course, there are some concerns about the bright Ethereum future. The coming hard fork carries with it potential negative consequences. For example, after switching to the PoS algorithm, the US Securities and Exchange Commission (SEC) may well admit Ethereum as a security, which will lead to legal complications similar to those faced by Pavel Durov when trying to launch his TON blockchain platform.
For now, ETH is the most popular coin for mining at home, and most of these miners will probably just leave the network.
There is also a risk that the price of Ethereum may fall. To receive passive income for storing ETH, the user will not only need to have 32 coins but also block them through a special transaction. They will not be able to withdraw these blocked funds immediately. As stated in the project roadmap, the cryptocurrency withdrawal process will take at least 18 hours. This could take even more time if many users request the return of tokens at the same time. Thus, if ETH falls in price, it will be impossible to sell it immediately, and there is a risk of losing some capital and all the income received from stacking.
Nevertheless, investors are mostly optimistic — the volume of Ethereum options on the Deribit exchange has grown to a historical high, which indicates confidence in the future of Ethereum project. The ETH price is also growing, having overcome the consequences of the March collapse of cryptocurrencies.
Most experts agree that Ethereum price will grow after the update. On the one hand, the altcoin will become more expensive, as it will become a more attractive investment. On the other hand, the offer will decrease, as users will start transferring coins from the first version of the network to the second, to block them for passive income.
If you want to participate in the future fate of the ETH project, you can buy Ethereum using our service. We provide fast, anonymous and limitless swaps between over 250 cryptocurrencies. Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]).
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/06/30/ethereum-2-0-why-how-and-then/.
submitted by Stealthex_io to StealthEX [link] [comments]

The Creator of Ethereum  Vitalik Buterin Creator Ethereum  Vitalik Buterin Vitalik Buterin Ethereum - YouTube Ethereum vs EOS: the battle on reddit between Vitalik vs Dan 21 - Ethereum: Past, Present, Future  Vitalik Buterin

Vitalik Buterin, one of the founders of Ethereum, announced that the increasing transaction fees could be dangerous for Ethereum. Transaction fees on the Ethereum network have increased tremendously over the past few weeks. ETH users are now paying much higher fees than before to operate on the network. Vitalik Buterin travelled the world and learned more about crypto and blockchain, eventually realizing the potential of blockchain technology – one that went beyond a peer-to-peer currency. Thiel Fellowship Grant. Vitalik Buterin wrote the Ethereum white paper when he was just 20 years old. Vitalik Buterin Says Ethereum Will Scale to 100,000 Transactions per Second by Pandora_Key in ethtrader [–] vbuterin 2 points 3 points 4 points 6 days ago (0 children) Most real transfer values can be described in 2 bytes: 10 bits for a number between 1 and 1000, and 6 bits for the decimal place. Vitalik Buterin is looking at reforming the transaction fees in Ethereum so as not to undermine the network security due to rising Vitalik escribió para el sitio hasta que cerró poco después, debido a la prácticamente nula atención que el Bitcoin generaba en los medios de comunicación. En septiembre de 2011, Mihai Alisie contactó con Buterin para iniciar una nueva publicación llamada Bitcoin Magazine.

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The Creator of Ethereum Vitalik Buterin

Ambient Study Music For Focus - 3 Hours of Music for Studying, Concentration and Memory - Duration: 3:16:22. Quiet Quest - Study Music Recommended for you Earlier today in the cryptocurrency space, I read a post that Vitalik of Ethereum dissed EOS by making an technical assumption that EOS is having some issues on a post of a reddit user that ... Vitalik Buterin, Co-founder of Ethereum (ETH), reiterated that rollups are the way to go when it comes to the network's scaling issue. They'll likely be the main solution for at least two years ... "Vitalik" Buterin is a Russian-Canadian developer and author principally known as a prime cofounder of Ethereum: and as a fellow benefactor of BTC: Magazine. Loading... Disclaimer: this is a deepfake entirely created using DeepFaceLab and should be viewed purely as a work of entertainment. As Ethereum moves to implement Eth2.0 this felt like the right moment to ...