Tag: Ethereums

Vitalik Buterin discusses Ethereum’s future and innovative projects in AMA

In a recent interactive session, Ethereum’s co-founder, Vitalik Buterin, shed light on the platform’s technical advances and celebrated emerging decentralized projects within its ecosystem. In a recent Ask Me Anything (AMA) session, Ethereum Co-founder Vitalik Buterin touched on several topics that offer a glimpse into the potential trajectory of the Ethereum ecosystem. Drawing insights from a report by Odaily news, the discourse ranged from technical advancements to acknowledgments of decentralized projects, weaving a narrative of Ethereum’s evolving landscape. Foremost, Buterin delved into the intricacies of quantum resistance—a burgeoning concern in…

A Few Reasons Why Ethereum’s Staking Rate Is Vital for the Future

This shift, which made it so validators are rewarded with both protocol emissions and priority transaction fees, also unlocked something perhaps less obvious but absolutely groundbreaking for Ethereum: the introduction of a native interest rate. Staking ether (ETH), the ecosystem’s native token, now pays an interest rate. This forms a sort of bedrock layer – similar to the role interest rates play in traditional finance – that could power a new, global staking economy. For this to work, though, there must be a reference rate, so investors know what the…

Animoca CEO invites Ethereum’s creator to Hong Kong

Yat Siu, founder of Animoca Brands, offered to fly Vitalik Buterin to Hong Kong and act as his tour guide to help navigate the city-state’s crypto regulatory landscape after Buterin shared doubts about long-lasting policies. Animoca’s chief executive dispelled claims that the relationship with Beijing could hamper regulatory stability and disrupt crypto-friendly policies in the near future. Siu stressed that Hong Kong operates a free market and serves as a cornerstone in China’s approach to emerging technology like web3. Despite everything that one may be reading in the media, Hong…

Ethereum’s Buterin Sees Growing Asia Presence in Blockchain Tech

“When the average crypto Twitter person says, ‘Oh, Asia is back,’ they’re really referring to hundred-millionaires buying your favorite dog coins or whatever,” Buterin said, referring to tokens like SHIB of the Shina Inu blockchain ecosystem, which in turn was a knockoff of Dogecoin’s DOGE. “But I feel like, here, there is an Asia degree of deep community and technical involvement that is unlike anything I’ve seen before Covid or before any of the recent bubbles.” Source

Hello Holesky, Ethereum’s Newest Testnet

Goerli and Sepolia are operated by a smaller subset of “validators” than the main Ethereum chain, and some developers think these smaller validator sets pose a problem: “We don’t want to hit a scaling issue that could happen first on mainnet,” Parithosh Jayanthi, a devops engineer at the Ethereum Foundation, a non-profit focused on Ethereum research and development, told CoinDesk. “We want to catch [scaling issues] on testnet, which means we have to have a testnet that’s bigger” than the main Ethereum chain. Source

Ethereum’s proto-danksharding to make rollups 10x cheaper — Consensys zkEVM Linea head

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Zero-knowledge (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensys’ zkEVM Linea head Nicolas Liochon. Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton during Korea Blockchain Week, Liochon estimated that proto-danksharding could further reduce rollup costs by 10 times. Proto-danksharding, also known by its Ethereum Improvement Proposal (EIP) identifier EIP-4844, is aimed at reducing the cost of rollups, which typically batch transactions and data off-chain and submit computational proof to the Ethereum blockchain. The…

StarkWare, Herodotus launch tech to verify data from any point in Ethereum’s history

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A new zero-knowledge proof (ZK-proof) technology is set to improve the ability to access and verify historical data from the Ethereum blockchain, with deep chain validation cited as a usability barrier of the network. Technology firm Herodotus has released its on-chain accumulator, which uses storage-proof cryptography, allowing users to verify data from any point of Ethereum’s blockchain without needing a third party. The solution makes use of StarkWare’s STARK proofs, the ZK-proof technology co-invented by mathematician Eli Ben-Sasson. StarkWare presented Herodotus with a custom-built instance of its shared prover service SHARP,…