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Ethereum [ETH]’s Co-Founder Vitalik Buterin: Massive amount has changed in the community over the past 15 months

Anvita M V



Ethereum [ETH]'s Co-Founder Vitalik Buterin: Massive amount has changed in the community over the past 15 months
Source: Unsplash

Recently, a cryptocurrency enthusiast and Twitterati reached out to Vitalik Buterin the Co-Founder of Ethereum on Twitter asking him about the “biggest changes” that have taken place in the Ethereum Foundation over the past 15 months.

The Twitterati raised the query after Buterin posted a tweet wherein he stated that Ethereum has undergone a massive amount of change over the past 15 months. In an earlier post, Buterin also stated that the foundation could go on to survive without him.

In response to the Twitterati’s post, Buterin put forward 4 points explaining the developments happening in the space. According to him, the difference is very evident. He wrote:

“1. Casper/sharding spec roughly finished, now in refinement stages.
2. 4+ implementations of the spec well underway.
3. Many implementations of plasma well underway.
4. ZK-SNARK-based layer 2 scaling and privacy well underway.  It’s a night-and-day difference from 2017.”

A Twitterati grahammcbain responded to Buterin’s tweet:

“Insanely exciting time to be here.”

In the recent months, several development teams like the Sigma Prime, Prysmatic Labs, Rocket Pool, Status and PegaSys have been fervently working on developing Casper and sharding clients, since Vitalik announced the “Ethereum 2.0 vision”.

A few days earlier, Prysmatic Labs announced the release of the demo version of Sharding Client, Prysm v0.0.0. Sigma Prime’s Lighthouse project that released last month has seen a lot of progress in the past two weeks.

According to developers at Rocket Pool, Ethereum 2.0 has the potential to build new economic systems and become a hub for global collaboration. The project is not being developed by a single corporation and is said to be decentralized on numerous levels.

The Ethereum community is also preparing itself for the Constantinople hard fork that is said to happen after the Ethereum Devcon 4 event. The hard fork which was to hit the Ropsten Testnet on October 9th has faced a delay of 5 days due to recently encountered Ethereum Virtual machine [EVM] Denial of Service [DoS] attack vector.

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Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.


Bitcoin Dominance Index [BDI] falls short of Bletchley Ethereum Token Index [BETI] in 2019

Biraajmaan Tamuly



Bitcoin Dominance Index [BDI] outperformed by Index based on the Ethereum blockchain in 2019
Source: Pixabay

One of the key factors which is often used to represent or indicate the potential of a particular cryptocurrency’s growth is its market capitalization. When the market capitalization of a coin or token showcases a positive hike, it usually has a positive impact on that particular asset’s market.

According to LongHash, the Bitcoin Dominance Index [BDI], which is used to measure Bitcoin’s market cap had been the dominant index since the beginning of 2019. It was observed that the BDI improved from 53 percent to 58 percent over the past few weeks after the largest crypto-asset underwent multiple price hikes.

XRP, which dominated Bitcoin by 1,600% back in 2017 on cryptocurrency exchange Bittrex in 2017, was currently down by almost 50% against Bitcoin in 2019. Ethereum [ETH] fared better comparatively, but was still down by 14% against the Bitcoin.

However, the Bletchley Ethereum Token, a token built on top of Ethereum, seemed to have outperformed Bitcoin this year.

The Bletchley Ethereum Token Index [BETI] can be utilized by investors for their allocation to tokens placed on top of the Ethereum blockchain. However, it should be noted that Ethereum is not a part of the index as it is an independent entity. The BETI is a weighted index, which means that the tokens with dominant market caps will take up a larger part of the index and the re-balance will take place at the end of a particular month.

For example, Tron [TRX] and Binance Coin [BNB] currently take up more than half of the BETI’s Weighted Index. Since the launch of their DEX, BNB has enjoyed a lucrative year with multiple hikes bringing the coin to $30 from under $6. Tron also witnessed major growth in market cap as it was up by 40% in comparison to the US dollar.

However, it is important to note that the major tokens on the BETI’s weighted index have all launched their own blockchain, at press time. Hence, it can indicate that the dominance enjoyed by BETI over the BDI over the last few months could point to a situation where the Ethereum blockchain was preferred for the launch of various tokens.

Despite the aforementioned reason, it is safe to state that Bitcoin was not the only entity which dominated the crypto-space this year.

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