Category Archives: Vitalik Buterin
Kat Meme Coin: The new crypto sensation with a Vitalik Buterin endorsement – crypto.news
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
In the rapidly evolving world of cryptocurrencies, a new player has entered the market, capturing both attention and intrigue.
Dubbed Kat Meme Coin, this new meme-based cryptocurrency has become a topic of considerable discussion, especially following an unexpected endorsement from Ethereum co-founder Vitalik Buterin.
Kat Meme Coin emerged from the burgeoning trend of cryptocurrencies that leverage popular internet culture to gain rapid user adoption. Drawing inspiration from various internet memes featuring cats, the creators of Kat Meme Coin have cleverly combined the viral nature of memes with the robust, speculative dynamics of the crypto market. The result is a digital currency that not only appeals to crypto enthusiasts but also to a broader audience that enjoys internet humor.
The cryptocurrency community was taken by surprise when Vitalik Buterin, a well-known figure in the blockchain space, announced his investment in Kat Meme Coin. Buterin, whose endorsements are few and far between, praised the project for its innovative approach to community engagement and its potential to bring new users into the cryptocurrency ecosystem.
I am always excited to see new projects that challenge the conventional and bring about a wave of freshness to the blockchain space, Buterin said in a recent interview. Kat Meme Coin, with its unique blend of humor and serious technology, presents an intriguing proposition.
Despite its whimsical origins, Kat Meme Coin is built on a solid technological foundation. It operates on a decentralized blockchain platform that ensures security and transparency. The developers have implemented a unique deflationary mechanism where a small percentage of coins are burned with every transaction, potentially increasing the value of the remaining coins over time.
The future of Kat Meme Coin looks promising. With its community-driven approach, the project has outlined several upcoming initiatives, including partnerships with online content creators, merchandise stores, and possibly even adoption by e-commerce platforms to use Kat Meme as a legitimate form of payment.
Since its launch, Kat Meme Coin has seen a fluctuating yet positive market response. The coin experienced a significant surge in value following Buterins endorsement, demonstrating the impact of high-profile support in the cryptocurrency market.
However, the project is not without its challenges. Critics argue that the long-term viability of meme coins is uncertain, and their value can be highly volatile. The developers of Kat Meme Coin will need to maintain the momentum and ensure that the project continues to evolve to sustain interest and value.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Read the rest here:
Kat Meme Coin: The new crypto sensation with a Vitalik Buterin endorsement - crypto.news
Vitalik Buterin wants rollups to hit stage 1 decentralization by year-end – Cointelegraph
Ethereum co-founder Vitalik Buterin is proposing to raise the bar on whats considered a rollup in the Ethereum ecosystem and suggests developers should aim to get their decentralization efforts in order by the end of the year.
The comments came in his latest blog post on March 28, reflecting on the year ahead following Ethereums latest Dencun upgrade, which significantly reduced transaction fees for rollups on layer 2s.
Buterin noted that Ethereum was in the process of a decisive shift from a very rapid L1 progress era to an era where layer-1 progress will still be very significant.
He also said that Ethereums scaling efforts have shifted from a zero-to-one problem to an incremental problem, as further scaling work will focus on increasing blob capacity and improving rollup efficiency.
He continued to state that the ecosystems standards will need to become stricter, adding:
Stage 1 is Buterins classification of layer 2s decentralization progress, whereby a network has advanced enough in terms of security and scaling but is not yet fully decentralized (which would be Stage 2).
He observed that only five of the layer-2 projects listed on L2Beat are at either Stage 1 or 2, and only Arbitrum is fully Ethereum Virtual Machine-compatible.
The next steps on the roadmap include implementing data availability sampling to increase blob capacity to 16MB per slot and optimizing layer-2 solutions through techniques such as data compression, optimistic execution and improved security.
After this, we can cautiously move toward stage 2: a world where rollups truly are backed by code, and a security council can only intervene if the code provably disagrees with itself, he added.
Related: Vitalik Buterin is cooking up a new way to decentralize Ethereum staking
Buterin said that further changes such as Verkle trees, single-slot finality and account abstraction are still significant, but they are not drastic to the same extent that proof of stake and sharding are.
Ethereum is currently at the Surge phase of its upgrade roadmap, with upgrades related to scalability by rollups and data sharding. The next phase, the Scourge, will have upgrades related to censorship resistance, decentralization and protocol risks from miner extractable value, or MEV.
Developers should design applications with a 2020s Ethereum mindset, embracing layer-2 scaling, privacy, account abstractionand new forms of community membership proofs, he said before concluding:
Magazine: Account abstraction supercharges Ethereum wallets: Dummies guide
The rest is here:
Vitalik Buterin wants rollups to hit stage 1 decentralization by year-end - Cointelegraph
Everything Vitalik Buterin Said About Ethereum’s Future – BeInCrypto
Vitalik Buterin sheds light on how the Dencun hard fork improved the blockchains scaling and efficiency.
Indeed, proto-danksharding marks a significant shift, reducing transaction fees for rollups by a staggering factor of over 100. According to Ethereums co-founder, this development paves the way for a more scalable, cost-efficient ecosystem. It addresses long-standing concerns about blockchain bloat and high fees.
The Dencun hard fork signifies a pivotal transition for Ethereum. The blockchains shift towards a Layer 2 (L2)-centric ecosystem reflects a forward-thinking approach to decentralization, with major applications transitioning from Layer 1 (L1) to L2.
This transition reimagines Ethereums infrastructure to support a broader range of applications and improve user experience across the board.
Vitalik Buterin emphasizes the importance of separate data availability space. This is a novel concept that allows L2 projects like rollups to store data in a section of a block inaccessible by the Ethereum Virtual Machine (EVM). The new mechanism enables data to be broadcasted and verified separately from the block.
Therefore, it lays the groundwork for future scalability through data availability sampling. This method promises to dramatically expand Ethereums data capacity without compromising security or requiring significant changes from users or developers.
Because data space is not EVM-accessible, it can be broadcasted separately from a block and verified separately from a block. Eventually, it can be verified with a technology calleddata availability sampling, which allows each node to verify that the data was correctly published by only randomly checking a few small samples. Once this is implemented, the blob space could be greatly expanded; the eventual goal is 16 MB per slot (~1.33 MB per second), Buterin wrote.
Read more: ZkEVMs Explained: Enhancing Ethereum Scalability
The roadmap outlined by Buterin includes several critical areas for development. These include increasing blob capacity and enhancing L2 protocols to maximize data usage efficiency. The introduction of PeerDAS, a simplified version of data availability sampling, and EIP-7623 aims to further streamline Ethereums capacity for handling transactions and data, marking an ongoing commitment to scalability and efficiency.
Buterin also addresses the need for improvements within the L2 protocols themselves, from optimizing data compression to enhancing security measures. These improvements are crucial for supporting Ethereums growth and maintaining its position as a leading blockchain for decentralized applications.
We no longer have any excuse. Up until a couple of years ago, we were setting ourselves a low standard, building applications that were clearly not usable at scale, as long as they worked as prototypes and were reasonably decentralized.Today, we have all the tools well need, and indeed most of the tools well ever have, to build applications that are simultaneouslycypherpunkand user-friendly, Buterin emphasized.
Read more: Ethereum (ETH) Price Prediction 2024/2025/2030
The vision is for Ethereum to become a blockchain ecosystem that is capable of supporting a wide array of applications at scale and one that prioritizes user experience, security, and decentralization.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.
Read the original post:
Everything Vitalik Buterin Said About Ethereum's Future - BeInCrypto
Shiba Inu (SHIB) Performed Better Than Expected: Ethereums Vitalik Buterin – CryptoPotato
Our website is a comprehensive guide to digital currency investing & trading.Here are a few suggestions to get started, and get the most from us:
Begin with Bitcoin for Beginners.
Get the edge with our exclusive Bitcoin and cryptoguides.
Check out our Crypto YouTube channel, that includes beginners and advanced tutorial videos and market updates. Dont forget to subscribe!
Read this article:
Shiba Inu (SHIB) Performed Better Than Expected: Ethereums Vitalik Buterin - CryptoPotato
Vitalik Buterin’s South Korean Visit Has Nation’s Crypto Community Buzzing – Cryptonews
Last updated: March 31, 2024 19:30 EDT | 2 min read
Vitalik Buterin, the Ethereum co-founder, was spotted out and about in the South Korean tech hub city of Pangyo over the weekend to the delight of the nations crypto community.
Buterin was in South Korea to attend a variety of events, including an Ethereum-related conference.
But eagle-eyed crypto enthusiasts were stunned to see him walking the streets of Pangyo, a tech-focused town in Seongnam, Gyeonggi Province and working on a laptop in a cafe.
The Ethereum co-founder delivered a keynote speech at ETH Seoul 2024. The gaming giant Neowiz hosted the event at its Pangyo headquarters on March 30.
However, Buterin appears to have extended his stay in the city. Pangyo is also home to the headquarters of tech giants like Ahnlab and Naver.
The IT-focused conglomerates Kakao, Samsung, and SK also have considerable Pangyo-based operations.
South Korean crypto enthusiasts flocked to social media sites like X to claim they had seen Buterin in Pangyo on March 31.
One social media user posted a photograph of Buterin apparently working on a laptop in a Pangyo coffee shop.
Social media users pointed out that there were four or five cups on Buterins table, indicating perhaps that he had been working at the same cafe for a considerable period of time.
Another posted a video of Buterin walking on a Pangyo street, taking a glance at his cell phone while walking.
The posts and other sightings caused a stir, with some commenters noting that Buterin looked like a normal resident of the city.
The Ethereum co-founders most recent stay in South Korea may be his longest yet. Buterin also attended a web3-related event named BUIDL Asia 2024 in the Songpa District of Seoul on March 27, Maeil Kyungjae reported.
Ethereum (ETH) enjoys considerable popularity in South Korea, where even senior judges have declared they have ETH holdings.
Buterin visited the nation in 2019, when he was invited to speak at a specially convened meeting at the National Assembly.
He took the opportunity to tell the nations lawmakers that blockchain technology and cryptoassets were virtually inseparable.
At the time, the government had been trying to promote crypto-free blockchain policies. Companies and state organs were encouraged to develop their own coin-free blockchain networks, rather than make use of protocols like Ethereum.
However, the Ethereum co-founder told politicians:
Blockchain and cryptocurrencies are difficult to separate. [] Public blockchains rely heavily on cryptoassets. As such, cryptoassets are absolutely necessary.
See more here:
Vitalik Buterin's South Korean Visit Has Nation's Crypto Community Buzzing - Cryptonews
Vitalik Buterin Says Applications Built Today Need To Keep "2020s Ethereum" In Mind – CCN.com
Key Takeaways
Vitalik Buterin, co-founder of Ethereum, has proposed elevating the standards for what qualifies as a rollup within the Ethereum ecosystem, emphasizing that developers should prioritize their decentralization initiatives by the years end.
This upgrade notably lowered transaction fees for layer 2 rollups, marking a significant development in the platforms evolution.
Buterin emphasized that applications being developed or updated today should be designed with the characteristics and advancements of 2020s Ethereum in mind.
He advises developers to adopt a 2020s Ethereum approach when creating applications, focusing on embracing layer-2 scaling solutions, enhancing privacy, implementing account abstraction, and incorporating new methods for proving community membership.
He said:
Ethereum has upgraded from being just a financial ecosystem into a much more thorough independent decentralized tech stack.
Buterin has observed that Ethereum is transitioning from a period of rapid progresss at the Layer 1 (L1) level to an era where advancements in L1 will continue to be highly important.
He further explained that Ethereums scaling efforts are evolving from a foundational zero-to-one challenge to a more incremental problem. This next phase of development will concentrate on enhancing the blockchains blob capacity and boosting the efficiency of rollups, according to Buterins insights.
These remarks were made in his most recent blog post on March 28, where he pondered the future after Ethereums Dencun upgrade.
He further emphasized the need for stricter standards within the ecosystem, suggesting that by the years end, projects should only be considered rollups if they have achieved at least stage 1.
He wrote:
By the end of the year, I think our standards should increase and we should only treat a project as a rollup if it has actually reached at least stage 1.
Stage 1, according to Buterins classification, marks a level of decentralization progress for layer-2 networks, indicating they have made significant advancements in security and scaling but have not achieved full decentralization, which is defined as stage 2.
He pointed out that among the layer-2 projects featured on L2beat, only five have reached either stage 1 or 2, with Arbitrum being the sole project fully compatible with the Ethereum Virtual Machine (EVM).
Looking forward, the roadmap includes steps such as adopting data availability sampling to boost blob capacity to 16MB per slot, and enhancing layer 2 solutions with methods like data compression, optimistic execution, and bolstering security measures.
He added:
After this, we can cautiously move toward stage 2: a world where rollups truly are backed by code, and a security council can only intervene if the code provably disagrees with itself.
Buterin mentioned that while further developments like Verkle trees, single-slot finality, and account abstraction remain important, they dont represent as dramatic a shift as the introduction of proof of stake and sharding did. He likened Ethereums evolution in 2022 to a plane changing its engines mid-flight, and in 2023, to replacing its wings.
Currently, Ethereum is in The Surge stage of its upgrade pathway, focusing on enhancements in scalability through rollups and data sharding. The forthcoming stage, The Scourge, is set to concentrate on improvements in censorship resistance, decentralization, and mitigating protocol risks associated with Maximal Extractable Value (MEV).
Was this Article helpful? Yes No
Read the original here:
Vitalik Buterin Says Applications Built Today Need To Keep "2020s Ethereum" In Mind - CCN.com
Vitalik Buterin pushes for anti-correlation incentives in Ethereum staking – Crypto Briefing
Share this article
Ethereum co-founder Vitalik Buterin has proposed a new framework to incentivize Ethereum decentralization by penalizing correlated failures among validators.
According to the research proposal submitted by Buterin, large-scale staking groups, and organizations have an undue advantage over smaller players, creating an imbalance in the decentralized staking sector.
The theory is that if you are a single large actor, any mistakes that you make would be more likely to be replicated across all identities that you control, even if you split your coins up among many nominally-separate accounts, the Ethereum co-founder said.
Buterin suggests that validators controlled by the same entity should receive a higher penalty if they fail together, compared to failing independently. The theory behind this approach is that mistakes made by a single large actor are more likely to be replicated across all the identities they control.
Staking pools and liquid staking services such as Lido remain popular among users, given how their platform allows for the participation of more stakers due to the lower amount of entry (in ETH). To date, Lido currently has an estimated $34 billion worth of ETH staked, representing around 30% of the total supply. Advocates and developers pushing for Ethereum decentralization have previously cautioned against Lidos dominance and the potential for cartelization, where outsized profits can be extracted compared to non-pooled capital.
Buterins analysis of recent attestation data revealed that validators within the same cluster, such as a staking pool, are more likely to experience correlated failures, likely due to shared infrastructure. To address this issue, he proposed penalizing validators proportionally to the deviation from the average failure rate. If many validators fail in a given slot, the penalty for each failure would be higher.
Based on simulations of this scenario, such a system could reduce the advantage of large Ethereum stakers over smaller ones, as large entities are more likely to cause spikes in the failure rate due to correlated failures.
The proposals potential benefits include incentivizing Ethereum decentralization by encouraging separate infrastructure for each validator and making solo staking more economically competitive relative to staking pools. Buterin notes that other options could be subjected to further analysis. This includes variations on the penalty schemes in order to minimize the average big validators advantage over smaller validators.
According to Buterin, its also worth examining the impact of such a framework in terms of geographic and client decentralization. However, he did not mention the possibility of reducing the solo staking amount from the current 32 Ether (ETH) or approximately $111,000 based on Ethers current price at roughly $3,500.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing's own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
See the original post:
Vitalik Buterin pushes for anti-correlation incentives in Ethereum staking - Crypto Briefing
Vitalik Buterin Calls for More Good Memecoins Over Bad Ones – Crypto Times
In a recent blog post, Vitalik Buterin, co-founder of Ethereum, discussed his views on memecoins and their potential benefits within the cryptocurrency sphere. He highlighted a personal principle he adheres to, recognizing positive aspects even in groups or individuals he may not particularly favor.
Buterin stated that he has zero enthusiasm for coins named after totalitarian political movements, scams, rug pulls, or anything that feels exciting in month N but leaves everyone upset in month N+1.
While memecoins have stirred considerable excitement lately, theres been pushback against a new trend of intentionally offensive memecoins, which use racial slurs or reference sensitive historical events like 9/11 or the Holocaust.
Vitalik explained, At the least, more good memecoins than bad ones, ideally those that support public goods instead of just enriching insiders and creators.
As an illustration, he mentioned charity coins, which allocate a significant portion of their token supply or revenue to charitable causes.
Buterins remarks come in response to recent criticism of memecoins within the industry. For instance, Ki Young Ju, the founder and CEO of CryptoQuant, expressed his disapproval of memecoins, stating that they are detrimental to the industry.
He lamented that billion-dollar memecoins often overshadow the efforts of dedicated teams working on legitimate projects to advance the cryptocurrency sector.
Regulators, notably the Financial Conduct Authority in the U.K., have once again turned their focus to memecoins. Recently, they issued a cautionary statement, stressing that finfluencers on social media need approval from an FCA-appointed representative before they can advertise or post memes related to financial products or services, such as cryptocurrencies.
Also Read: Vitalik Reveals Explains What Next after Ethereum Blobs
Visit link:
Vitalik Buterin Calls for More Good Memecoins Over Bad Ones - Crypto Times