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.
Looks like @VitalikButerin is getting ready to pull a @DanLarimer. Exited!!. People continue to NOT understand what a Decentralized #Blockchain is & why #Bitcoin does NOT compete w/ nonsense like #Ethereum $ETH or #EOS $EOS, it compets w/ $USD $EUR $GOLDhttps://t.co/DM1KsqUp2r
— Tone Vays [@Bitcoin] (@ToneVays) November 2, 2018
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.
I fully agree with you, it was open bashing regardless of the subject.
The real issue is interesting tho. Are people really ready or really want decentralization?
It looks like they want leaders, even if that undermines the core value of the system. They just want price action.
— Moshe Malawach (@MosheMalawach) November 2, 2018
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.
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Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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