Ras Al Khaimah Digital Asset Oasis (RAK DAO) free zone recently received Ethereum’s co-founder, Vitalik Buterin, in an event attended by His Highness Sheikh Saud bin Saqr Al Qasimi in the United Arab Emirates (UAE). This event showcased RAK DAO’s dedication to fostering innovation through community collaboration.
Vitalik Buterin is a prominent figure in the blockchain and cryptocurrency industries, known for co-founding Ethereum, a blockchain platform that operates as a world computer for decentralized applications (DApps).
He is also known for his involvement in Bitcoin, co-founding the cryptocurrency magazine Bitcoin Magazine and writing articles for it. Buterin is a writer, programmer, and a strong advocate for decentralization and blockchain technology.
The presence of Vitalik Buterin, a key figure in the development of the Ethereum blockchain, showcased the DAO’s dedication to providing a platform for innovative ideas and collaborations to thrive.
The launch of RAK DAO in October 2023 marked a new era in digital evolution and Web3 collaboration, offering a specialized free zone for companies involved in digital and virtual assets.
RAK DAO believes that the community’s transformative power has been key in shaping its ecosystem. Our recent event, attended by His Highness Sheikh Saud bin Saqr Al Qasimi and Ethereum’s Co-Founder Vitalik Buterin, reflects our commitment to fostering innovation through collaboration, it added.
This visit happened a few weeks after Vitalik presented a roadmap for the Ethereum blockchain. He explained how the Surge will transform the blockchain’s ecosystem, making it faster.
The term “Surge” in Ethereum refers to a developmental stage of the Ethereum network that includes a set of upgrades, most notably sharding.
The original data is available for reconstruction, provided that a sufficient number of samples is available and the majority of validators honestly.
The long-term plan foresees the implementation of private random sampling, which allows individuals to guarantee data availability without validator trust assumptions, although its challenging implementation prevents immediate execution of the upgrade.
The Surge was supposed to go live with Ethereum’s next upgrade and hard fork, Shanghai, which was expected to take place during the second half of 2023.
However, the upgrade has been delayed, and the Surge is not expected to come as quickly as many had hoped.
