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Vitalik Puts an End to Leaving Ethereum Speculations

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Ethereum

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.

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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.

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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