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Showing posts with the label vitalik buterin

Shiba Inu: Here's How To Be A Millionaire when SHIB Hits $0.0006

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There is no denying Shiba Inu’s (SHIB) popularity among crypto fans and investors. The asset is one of the most successful projects in recent times. Since its launch in August 2020, till it hit an all-time high of $0.00008616 in October 2021, SHIB’s price rallied by many million percent. Early investors made millions of dollars in profit with minimal capital. While many believe the SHIB boat has sailed, others think there is still time to make it big with the dog-themed crypto. Also Read: Shiba Inu: SHIB to Breach Its All-Time High of $0.00008616? How To Be A Millionaire When Shiba Inu Hits $0.0006? To have a million dollars worth of SHIB, when each token costs $0.0006, you will need about 1,666,666,666.67 (1.66 billion) tokens. The price of 1.66 billion SHIB right now is about $42,700. If successful, your portfolio will grow by about 2241.9%. While the price increase would be commendable, the question is when SHIB can hit the $0.0006 price point. Also Read: Dogecoin: Can DOGE Imitate

Ethereum's Buterin Explains 'The Surge': Will ETH Reach 100K TPS?

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Ethereum (ETH) has a blockchain platform that’s recognized instantly because of its smart contract capabilities. This well-known blockchain is on the brink of a major upgrade. We’re excited to hear this! Vitalik Buterin recently wrote his thoughts on ETG in the ‘The Surge’ . Interesting, right? It might not sound so, but it sure is! This is an important development designed to boost ETH’s scalability. It will also improve its transaction speeds. Let’s explore what the creator of Ethereum (ETH) is planning! Also Read: Nvidia Dominates Earnings: Up 16% in a Month. Time to Buy or Sell? Buterin’s Vision for Ethereum: Scalability, Surge, and Future Prospects The Surge: Ethereum’s Path to Enhanced Performance Source: ETHRoadmap The Surge represents Ethereum’s next evolutionary step. It began with the Dencun upgrade in March, introducing EIP-4844 data blobs to reduce fees and improve efficiency. This marks Ethereum’s most significant change since transitioning to proof-of-stake. Source: ETHRo

Vitalik Buterin Says He Will Only Promote Sufficiently Decentralized Ethereum Layer-2s Starting in 2025

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Ethereum (ETH) creator Vitalik Buterin says that starting next year, he will only publicly mention layer-2 projects that he believes are en route to optimal decentralization. Addressing his 5.4 million followers on the social media platform X, Buterin says that in 2025, he plans to only publicly name L2s that are in “stage 1” or above, referencing a previous blog post detailing the different phases of decentralization. In the November 2022 blog post titled “Proposed milestones for rollups taking off training wheels,” Buterin said that L2s are either in stage 0, 1 or 2 in terms of decentralization. Buterin says “stage 1” means the project should have a running fraud-proof or validity-proof scheme, plus certain upgrade requirements and multi-sig overrides. Nearly two years later, Buterin says he only wants to promote L2s in stage 1, regardless of what he has invested in or what his industry friends are working on. “It doesn’t matter if I invested, or if you’re my

Vitalik Buterin's Salary: How Much Does the Ethereum Founder Earn

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Vitalik Buterin’s salary has been made public. This reveal offers a look into the Ethereum founder’s earnings. It also sheds light on the Ethereum Foundation’s operations. The disclosure gives us insight into Buterin’s earnings and ETH’s finances. Also Read: BRICS: Analyst Warns of a Major U.S. Dollar Crash Ethereum Foundation’s Financials: Vitalik Buterin’s Salary and More Source: Nansen Buterin’s Annual Salary Revealed Vitalik Buterin earns SGD 182,000 (about $134,000) per year. Buterin shared this information himself. The amount is modest for someone of his influence. This openness shows the Ethereum Foundation’s commitment to transparency. This transparency gives us an understanding of Vitalik Buterin’s salary within the foundation. Ethereum Foundation’s 2023 Budget Breakdown Source: Nansen Buterin detailed the Ethereum Foundation’s 2023 expenses. 36.5% went to “New Foundations” like the Nomic Foundation and L2Beat. Research and development received 24.9%. Community development got

Ethereum censorship concerns raised amid rising OFAC compliance

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More and more Ethereum blockchain operators have complied with sanctions from the OFAC, raising censorship concerns among decentralization proponents and network participants. Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of Foreign Assets Control (OFAC) directives.  Most of these censor ed transactions originate from decentralized mixer Tornado Cash, according to Wahrstätter, a protocol blacklisted by the Treasury Department due to its use by bad actors, including the North Korean hacker organization Lazarus. New dashboard online – https://t.co/1Pnbe14NLG May it shed light onto the extent of censorship and guide us towards implementing practical solutions for enshrining a strong form of censorship resistance. More info pic.twitter.com/zyau9L3W1h — Toni Wahrstätter (@nero_eth) September 26, 2023 Wahrstätter’s research further

Buterin weighs in on zk-EVMs impact on decentralization and security

Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer. Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain. Buterin explained in a March 31 post that it’s possible to integrate a zk-EVM on the base layer without compromising on decentralization and security . The technology enables Ethereum Virtual Machines to execute Smart Contracts on the Blockchain with ZK proofs. How will Ethereum's multi-client philosophy interact with ZK-EVMs?https://t.co/MPpTPNhldR — vitalik.eth (@VitalikButerin) March 31, 2023 Ethereum was developed with a “multi-client philosophy” to ensure decentralization at the protocol level, Buterin explained. By integrating zk-EVMs at the Ethereum layer 1, it would be the third type of client. “Once that happens, zk-EVMs d

SSV launches $50M ecosystem fund to support ETH staking tech

Vitalik Buterin identified distributed validator technology, or DVT, as a key component of Ethereum’s decentralization efforts. Validator infrastructure developer ssv.network has launched a new ecosystem fund to support Ethereum proof-of-stake Decentralization — a move that the company said would promote innovation around Ether (ETH) staking technologies.  The ecosystem fund, valued at $50 million, will support projects building applications using distributed validator technology, or DVT, the company announced on Jan. 17. The fund is solely dedicated to backing DVT use cases in support of Ethereum’s long-term decentralization efforts. DVT is an open-source protocol that allows a validator’s responsibilities to be distributed across multiple nodes. The protocol was a key component of Ethereum co-founder Vitalik Buterin’s roadmap for Eth 2.0, as more DVT implementation means more decentralization. SSV noted that several venture capital investors — including Digital Currency Group,