#Ethereum Vitalik Buterin Back on Track: Not quitting Ethereum Published 2 weeks ago on November 5, 2018 By Layla Harding Share Tweet After Devcon Ethereum Conference, Vitalik Buterin has denied that he’s set to leave the Ethereum Project. In an interview with MIT Technology Review, Vitalik Buterin suggested that he’d been talking to a greater degree a rearward sitting arrangement, as “an essential part of the development of the ethereum community”. He included that he’s completing a little part of the work than he was a few years back and that the decrease of his effect on Ethereum is “something we are certainly making progress on”. Individuals took from that the solid ramifications that Buterin’s days with Ethereum were attracting to a closure, with many recommending that the 24-year old was set to step away. Vitalik Buterin tweeted affirming that “I am not leaving”. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits. 2. Vitalik is “in charge”: ETH is centralized! Vitalik is not “in charge”: Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 Vitalik Buterin included that he has “no plans to stop or diminish blog entries/ethresearch posts/github remarks”. Besides, he contended that the proposals he was ‘pulling a Dan Larimer’. None of that influences the way that Buterin’s impact of Ethereum is set to weaken over the coming months and years. Be that as it may, he’s in no way, shape or form giving up his situation with the task, and stays focused on Ethereum going ahead. Related Topics:ButerinEthereumEthereum Analysisethereum newsethereum priceethereum projectEthereum updatesethereum vitalik buterinMIT Technology Reviewvitalikvitalik buterinvitalik buterin ethereum Up Next Paraguay’s Biggest Dilemma: Use Energy for Bitcoin or Economic Development Don't Miss Bitcoin Cash Price Analysis. BCH bulls in action. Continue Reading You may like Ethereum Price Analysis: Can ETH cross 200? Ethereum 2.0 Serenity: All you need to know Ethereum Updates: Proof of Stake, Zero Proof Prototype, JP Morgan and more Ethereum Price Analysis: Can ETH recover back? 10 Reasons why Ethereum price is never going to rise again Ethereum Price Analysis: Can ETH rise again? 4 Comments 4 Comments Pingback: Vitalik Buterin Back on Track: Not quitting Ethereum – The Coinage Times Pingback: Vitalik Buterin Back on Track: Not quitting Ethereum – BTC.com.ph News Pingback: Vitalik Buterin Back on Track: Not quitting Ethereum – BitcoinLifestyle.com News Pingback: Vitalik Buterin Back on Track: Not quitting Ethereum – BitcoinGuide.com News Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Ethereum Ethereum 2.0 Serenity: All you need to know Published 5 days ago on November 14, 2018 By Janet F. Sanchez Main Features of Ethereum 2.0 – Proof of Stake (Casper) – Scalability (Sharding) – VM Improvements (EWASM) – Improvements to cross-contract logic – Improvements to protocol economics Serenity Begins What is Serenity? According to Ethereum Founder Vitalik Buterin, the Senerity is a realization of the research that ethereum is spending time on, over the last 4 years. Serenity is a new blockchain in the sense of being a data structure which will have to link to the existing proof of work chain. So the proof of stake chain will be aware of the block hashes over the proof to work chain and the users will be able to move ETH from the proof of work chain into the proof of stake chain. Expected Phases of Ethereum 2.0 Phase 0: Beacon Chain Proof of Stake Phase 1: Shards as data chains Phase 2: Enabling state transitions Phase 3: iterate, improve and adding technology Expected Feature of Ethereum 2.0 – Pure proof of stake consensus – Faster time to synchronous confirmation )only 8-16 seconds) – Economic finality – Fast Virtual Machine execution via EWASM – 1000X higher scalability Ethereum 2.0 Post Serenity Innovation – Layer 2 execution engines – Privacy – Cross-shard transactions – Semi-private chains – Proof of stake improvements However, Vitalik Buterin did not define the timeline as to when the Ethereum 2.0 will be released and the users will be able to see all these improvements. One of the lead developers and researchers with the ethereum foundation Justin Drake said in an interview with CNBC that there have been mistakes by the ethereum community for overpromising which is mostly because of miscommunication and underestimating the complexity of things. In reality, the research on moving ethereum to a proof of stake consensus has been moving really fast in accordance to the blockchain space. He also told that the Ethereum 2.0 Phase 0 that is between the mainnet and the testnet will be released in 2019, the Phase 1 that is Sharding will be seen in 2020, the Phase 2 will be live in 2021. Erik Voorhees, the CEO of Shapeshift wallet and exchange said in the Ethereum Devcon that he believes that Ethereum will be one of the main chains as it has the network effect and more developers than any other blockchain in the world. He also said that Vitalik does not personally control Ethereum and if Vitalik disappeared someday, the ethereum blockchain will still prevail forever despite that fact that the ETH market might crash for a month or so. What is your take on Ethereum 2.0? Will it boost the price of ETH back to four figures? Tell us in the comments section below. Continue Reading #Ethereum Ethereum Updates: Proof of Stake, Zero Proof Prototype, JP Morgan and more Published 6 days ago on November 12, 2018 By Layla Harding The Ethereum Devcon in Prague has just wrapped up in a flurry of news and announcements. Vitalik Buterin has made some tantalizing announcements about ethereum stating that Proof of Stake is not far away. The serenity updates will see Ethereum moving from a Proof of Work to a Proof of Stake system which will be exciting. Estimates predict a possible 1000X increase in ethereum speed brings it up to 15000 transactions per second. The updates will also include improvements to the ethereum virtual machine, cross chain contract logic and much more. Ernst & Young ETH Zero-Proof Prototype Ernst & Young made an announcement on 30th October about the launch of EY Ops Chain Public Edition Prototype which is the first ZERO Knowledge Proof Technology on Ethereum Blockchain. According to sources, the prototype aims to improve the current barriers that prevail in the transactions. – Company’s ability to conduct transactions on the Public Blockchain securely. – Improving Blockchain Adoption – Enabling a traceability trail of the private transactions. The prototype is set to launch in 2019 and could prove to be highly significant for the upcoming security token industry. JP Morgan ‘big believers’ in Ethereum Jamie Dimon, the CEO and Chairman of JP Morgan who had earlier said that he did not give a s**t about Bitcoin has recently endorsed Ethereum of having the abilities to provide practical applications to the financial world. The JP Morgan team is developing a product named as ‘Quorum’ which is defined as an enterprise-focused version of Ethereum. A significant use of the product will be the tokenization of gold bars. Bancor: Ethereum and EOS Cross-Chain DEX BancorX, a new platform by the Bancor decentralized exchange is now live and enables the conversion between ethereum and EOS based tokens on the blockchain. Currently, it allows the conversion of more than 110 tokens on both Ethereum and EOS blockchain. The BancorX project was established in collaboration with LiquidEOS, an EOS block producer. The project uses BNT tokens (Bancor Tokens) for the transactions. The BNT Token works on both EOS and Ethereum blockchain. The working: When you convert an Ethereum token into an EOS token, it is first converted into BNT Token. After this, the BNT Token is transfered to the EOS blockchain and gets converted into an EOS Token. Continue Reading #Ethereum 10 Reasons why Ethereum price is never going to rise again Published 1 week ago on November 9, 2018 By Viraj S Predictions of the end of ETH are gaining momentum. Apparently, such forecasts are stoked by the founder of the Ethereum himself, via latest admissions that the platform needs deep changes and without these new adaptations (say Casper or Plasma) the end could not be very far. Ethereum’s utility thus far has been its smart contracts. At a time when Bitcoin was the only thing around, the ‘smart’ technology of the new network caught everyone’s fancy. However, today this very ‘technology’ has seen vast advancements, and Ethereum itself is falling behind in what it can offer its users. Since it is an ‘abandoning ship’ it is unlikely that the prices will see any sort of upward movement. The tirade against things at Ethereum is: 1. Much of the initial phase of growth was due to “occult marketing.” 2. The approach of the original devs is abandoned and many “trusts at governance level of ETH.” 3. Non-ethereum changes are introduced under the brand ship of ‘centralized’ trademark Consensus Systems Corporation. 4. Ethereum Futures shall not be in the same category as Bitcoin Futures because of the lack of sustainability on the Ethereum network. New assets which are pegged to Ethereum will also not be able to perform. Thus Futures cannot be an alternative plan to nurture the platform and revive it. 5. ERC20 power cryptocurrency token is a big challenge as users need to pay ‘gas prices’ and not use part of the transaction itself to pay the ‘trading’ fees. 6. ETH failed to scale 7. Forgot to secure contract authoring 8. Failed to be competitive 9. Public blockchain platforms have taken over from stable crypto assets which want to remain private. Hence, Ethereum is limited in what it can offer in the near future. 10. Proof-of-Stake is a dicey methodology over Proof-of-work which is common in bitcoin While the above are some of the reasons which are driving the final nails into ETH obvious demise, there are several macro-level questions to the evolution of this ‘smart contract’ platform. The Future ETH issues are complicated – from software support issues to market pricing and non-token contracts and Point of Sales Ethereum, it currently is able to hold its own among the competition. It is the future of ETH and it prices which are the question. ETH inefficiencies dominate and is preventing mass adoption, despite the popularity of ETH. The biggest crippling impact on Ethereum thus far has been the high attrition rates of decentralized applications or dApps. Nearly all of the evolving and performing applications are moving to the EOS platform. These include the Tixico, Was, Insights Network and Medipedia. The EOS platform it appears is offering them a solution to the bottlenecks they face on Ethereum. The key factors which had seen rapid growth were – the blockchain’s own transaction speeds, but its biggest obstacle has been its inability to have a plan for sustainable growth. 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