Connect with us

Altcoin News

Google Tries To Hire Ethereum Founder

Published

on

By

Its no question that the major power companies are now coming to terms with the blockchain technology. Facebook in recent weeks hired a board member of coin base to head its research team into the blockchain technology to solve its privacy issue that landed them on a panel explaining and defending their company.
Ethereum founder, Vitalik Buterin, in a recent tweet, posted a screenshot of a mail from Google with a job offer for him. The post he made also went alongside a poll in which he asked his followers if he should take the job at Google. Considering the blockchain is a decentralized ledger system, it’s no surprise why mega companies have disassociated themselves from the technology. It is believed that it puts them out of control considering they run a centralized system of data storage.
However, these companies decided that “if they can not beat them, they might as well join them.” This could be the major reason why the internet giant is seeking to protect its future by hiring the Ethereum founder. According to the poll posted by Vitalik, more than 2,000 votes poured in, with majority in favour of him declining the job offer while a little over 40% felt he should drop Ethereum and work for Google. The tweet was later taken down due to censorship purpose.

Vitalik has been working hard releasing major updates to the Ethereum protocol. Updates like the implementation of Proof-of-stake protocol, Casper and Sharding. It is very unlikely that Vitalik would drop Ethereum and the feet he has achieved and go work for Google. Also considering the stand google has shown in previous weeks by banning crypto ads on its platform is a very obvious reason for Vitalik to turn down the offer. Vitalik is seen as the face of Ethereum and him leaving would have an immediate impact on Ethereum’s price. Vitalik has also been an advocate for blockchain and cryptocurrencies by making appearance and giving talks at multiple international events which are not in direct alignment with googles vision relating to cryptocurrency at the moment.
However, it is believed that the reason why reached out to Vitalik is in a bid to lure him to a project that Google was working on. It’s own blockchain product: a distributed digital ledger that third parties can use to post and verify transactions. Expectations are high as new developments are expected to show up in recent weeks to come.
 
 
 
 

Do you think Vitalik should take the job at Google? Share your opinion with us in the comment section below.

 

Image credit:coindesk
 
Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Altcoin News

Explaining DASH Coins to Investors Big On Privacy

Published

on

Dashcoin (DASH) is a grand derivative of Bitcoin. Essentially it is a derivative of the derivative of Litecoin. Jokes apart,  DASH is a hardfork of Litecoin which in turn is a derivative of Bitcoin. 

Formerly dubbed Darkcoin, it was curated in January 2014 by Evan Duffield when he became frustrated with the transaction speed of Bitcoin.  DASH uses both masternodes and miners to validate onchain actions. One key feature of the altcoin is that it gives users the option of privacy when transacting.

With InstantSend, onchain actions using DASH are transacted speedily as intended by the founder of the crypto.

Investors are always quick to evaluate how the prices of their investments will do in coming years, but believe you me, there is a whole lot that goes into scaling the monetary worth of any investment  talkless of a volatile cryptocurrency. Nevertheless its functionality as a virtual currency is what triggers its market movement and causes its value to go up or plunge.

One key thing that distinguishes DASH from many cryptocurrencies is its privacy feature dubbed “PrivateSend”. Users have the option of opting for an anonymously transacted onchain action.

It appears that this altcoin is more of a functioning crypto than a store of wealth. Taking Venezuela as a case study, with the crypto scaling to be a worthy altè to traditional online payments, its perks are key factors to take note of when determining if its price will rise or fall in the nearest future. 

Continue Reading

Altcoin News

As the Crypto Community Continues to Await the Belated ETH 2.0 Release, Vitalik Buterin Stakes $1.4M worth of Ether to Support the Blockchain  

Published

on

The Serenity ETH 2.0 is already seeing stakes from investors. Vitalik Buterin, founder of the Ethereum blockchain has transferred his first ETH for staking on the incoming iteration of the Ethereum blockchain.

The Ethereum Founder’s address transferred 32 ETH each on about a hundred on-chain actions. 

TrustedNodes reported that the gross sum of the crypto sent is about 3200 cryptos. The aggregate of all crypto sums sent is about $1.4 million as at the time of writing this piece.

These sums were sent via on-chain transactions to Ethereum  Serenity Phase 2.0’s just released deposit contract. This newest innovation became available in real time starting from Wednesday, the 4th of November 2020. It is a deposit contract that enables users transfer crypto from the extant proof-of-work blockchain to the about-to-drop proof-of-stake (PoS) blockchain.

The minimum requirement of staking 32 Ethers so as to scale the ETH 2.0 has since been met by the users depositing the above mentioned sums. 

About a seventeen million dollars ($17 million) or  38,693 ether has been amassed by the deposit contract as at press time. 

It will interest you to know that Point of Stake Networks (PoS) are not powered by mining unlike the current Bitcoin and Ethereum blockchains. A PoS network is enabled by stashing funds (staking) for a specified term so as to earn profits on same.

The Ethereum community continues to await the belated release of the Ethereum 2.0 Proof of Stake network projected to launch probably early December 2020.

Continue Reading

Altcoin News

Ethereum Hard Fork, Berlin to be Released in January 2021 

Published

on

The Ethereum Network is about to storm the crypto community once more with its “Berlin” Hard Fork. According to the All Core Developers’ Bi-Weekly call held last Friday, it was revealed that the project will be released in the coming months. A projection for a  January 2021 launch seems to be in the works, immediately after the  release of the Ethereum 2.0 beacon chain in December.

Project Berlin introduces a Hard Fork of the Current ETH (PoW) 

Project Berlin introduces a hard fork of the current Eth 1- proof-of-work (PoW) network. This improvement on the current network was meant to have already been launched last July and it consists of low-level modifications for enhancing the extant mainchain while Eth 2.0 Serenity phase is still in the works. The Hard Fork was delayed because of the exhaustion of client employees and an observed necessity for a wider client range. Consequently, the procedure for incorporating Ethereum Improvement Proposals (EIPs) and the one that will culminate in the hard fork has been altered. 

The EIP Schedule

The following is the plan for incorporating three EIPs into the Berlin Hard Fork

  1. EIP-2315: Simple Subroutines for the EVM
  2. EIP-2929: Gas cost increases for state access opcodes
  3. EIP-2537: BLS12–381 curve operations

As at press time, it appears that EIP-2537 will no more be incorporated into the Berlin Hard Fork. This upgrade will facilitate the easy communication of Eth 2.0 blockchain and Eth 1.x blockchain by utilizing an analogous cryptographic arrangement. 

Continue Reading
Advertisement
Advertisement

Trending