Vitalik Buterin, the Co-Founder of Ethereum spoke about the important aspects of other cryptocurrency communities which can be adopted by the Ethereum Foundation, during the Ethereum San Francisco event. The CTO of Coinbase, Balaji Srinivasan also spoke about the how Coinbase is keeping up with the technological development at the event.
Vitalik revealed that he admires how the Zcash community differentiates between Zcash Foundation and Zcash Co, stating that Zooko Wilcox-O’Hearn, the Founder of Zcash was a part of Zcash Co. He further stated that the members had a limited level of influence on the network.
Buterin went on to say:
“In the other one, interesting ideas that I think Zokoo came up with this idea that practical control over protocol development and control over trademark ownership should be maximally separate.”
He continued to say that it was an interesting idea that Ethereum and other public blockchains should consider adopting because there was no other good way of having a trademark which is not owned by anyone. Buterin stated that Zooko’s approach was “pragmatic” and can reduce “centralization”.
Furthermore, Coinbase’s CTO, Balaji Srinivasan spoke about tracking technological advancements outside of Coinbase. Srinivasan stated that the platform was looking at several aspects of privacy coins such as zk-SNARK and Bulletproof. In addition, Coinbase is updated about the technology behind stable coins, and token curated registries.
Srinivasan concluded by stating that Coinbase has decided to implement the strategy which is followed by the tech giant, Apple. According to him, Apple implements a technology which is in its initial stage and once the technology is completed, they make it mainstream.
Subscribe to AMBCrypto’s Newsletter
Monero [XMR] transaction fees plummet to 2 cents post the ‘Bulletproof’ hardfork
Ethereum [ETH] only accounted for 4% of Genesis trading loan book by end of September 2018
TAP releases new alpha version of their app
Cardano [ADA] continues its developmental roll; prices reflect the same
Tron [TRX] Technical Analysis: Bull pushing strong to power down bear in the short-term
Ripple partner Santander to adopt SWIFT GPI: What does it mean for XRP-powered xRapid?
XRP can now be used as collateral for $2 million instant loans
Ripple partner Santander goes live with SWIFT’s Global Payments Innovation
Bitcoin [BTC] is not going to disappear, but Ethereum [ETH], XRP and others are “going bust”, says Roubini
Tron [TRX/USD] Technical Analysis: The bulls have charged attack on the bear
Ripple and XRP rise in tandem; banking sector lays down the path for the cryptocurrency’s developments
XRP is not a security and the SEC will recognize it, says Ripple’s Chief Market Strategist
Exosis [EXO] to emerge as a rising star as one-stop solution for the cryptocurrency ecosystem
XRP sentiment gets bullish push as Ripple’s market strategist teases worldwide adoption of xRapid