Connect with us

Blogs

Vitalik Puts an End to Leaving Ethereum Speculations

Published

on

Ethereum
READ LATER - DOWNLOAD THIS POST AS PDF

At the recently hosted Ethereum (ETH) Developer Conference hosted in Prague, MIT Technology Review had the chance to interview Vitalik Buterin. Vitalik explained in the interview the reasons why the network can only be decentralized after it ended relying upon him.

Vitalik Buterin was the unofficial “CEO” of the Ethereum project only at 24 and he is the one who proposed the creation of the project in 2013. Still, he revealed that he needs to go a bit in the shadow. The reason, to let the community grow at his potential in a more decentralized manner.

Accused of exiting the project

From this interview, a Twitter user elucidated that does “fading away” words, seemed like a good strategy of exit. Very similar to Dan Larimer, who left many crypto and blockchain projects in past.

Furthermore, Dan Larimer developed the technology behind of Graphene who’s powering Steem token and Bitshares. In 2013 after he started BitShares, he closely left to start Steemit. And not too far in March 2017, he left Steemit. After this one, he joined Block.one being the CTO where he had successful crowdfunding to create EOS. Dan remained the CTO (Chief Technology Officer) at EOS.

The famous tweet accusing Vitalik of his plan of existing came with a fast response right from him. In this way he debunked all the theories of him leaving.

Will Vitalik take a Back Seat?

A question that is hunting many Ethereum enthusiasts and developers, if the network can survive without Vitalik.    However, another Twitter user replied to the above tweet. He declared that human psychology might not accept this simple fact that an inspiring leader can leave.

Discrimination between Justin Sun and Tron Project

Justin Sun, the CEO of Tron, planned to sit back from the Tron project. This happened when the Super Representatives were elected to take care of all the bugs connected to the network. Still, in a smart move greeted by many, he ran and won. He took one of the 27th seats of the Super Representatives of the Tron network. Moreover, he communicates with this community through Twitter each day.

While we are dissecting Vitalik’s response to the tweet, he’s working on his plan to contribute to the project.

What are your thoughts regarding Vitalik’s idea of decentralized Ethereum network? Do you believe that Ethereum can survive without Him? Leave your thoughts in the comment section right below.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of Pixabay.

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite