Connect with us

Ethereum

Ethereum’s [ETH] Vitalik Buterin refuses to play Craig Wright’s game

Priya

Published

on

Source: Pixabay

The #WeAreAllHodlonaut movement took the cryptocurrency space by storm after Craig Wright, the self-proclaimed Satoshi Nakamoto, threatened to sue Hodlonaut, a Twitter user. The user reportedly accused Wright of “fraudulently attempting to prove he is Satoshi.” Hodlonaut was also allegedly responsible for the #CraigWrightIsAFraud hashtag on Twitter.

Wright demanded that Hodlonaut apologize on Twitter, asking him to “acknowledge the falsity of the allegations made against Wright.” This apology, reportedly, had to be met within seven days of receiving the letter, following which, he would sue him on the “grounds of defamation.” Further, an article by Coingeek revealed that Wright would give $5000 in Bitcoin SV to anyone who provided information about the individuals pictured in one of Hodlonaut tweets.

This instead, led to a massive uproar in the cryptocurrency community, with several influencers and well-known developers showing their support by adding ‘Hodlonaut’ to their Twitter handles. More so, several members in the community also voiced their opinion on Wright, declaring that “Wright is not Satoshi.”

Michel Rauchs, a researcher at The Cambridge Centre of Alternative Finance, also joined in, stating that this was “pathetic even for Craig Wright standards,” adding that it was time to put an end to Wright’s claims of being a “Bitcoin inventor.” He tweeted,



“If anything, Craig Wright‘s actions (failing to understand basic Bitcoin concepts, attempts to deceive followers by forging messages, history of debunked lies, etc.) have repeatedly proven that he most definitely is *not* Satoshi Nakamoto […] At this point, I really don‘t understand how smart people can still fall for this.”

This was followed by Rauchs asking Vitalik Buterin, Creator of Ethereum, whether he was going to sue Ayre for defamation as well, considering that he had called Buterin a fraud a few days ago. He said,

“Appendix: Funnily enough, Calvin Ayre called Vitalik a fraud himself just two days ago. @VitalikButerin are you going to sue Calvin now as well for defamation?”

To this, Vitalik Buterin replied,





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Ethereum

Ethereum [ETH]: Ernst and Young to launch zero-knowledge proof technology on ETH blockchain

Akash Anand

Published

on

Ethereum [ETH]: Ernst and Young to launch zero-knowledge proof technology on ETH blockchain
Source: Pixabay

The mainstream adoption of cryptocurrencies has been a topic of discussion for the longest time. This push by cryptocurrency organizations for integration seems to have paid dividends as many institutions have started adopting cryptocurrencies or at least blockchain technology.

The latest company to tap into the world of digital assets is Ernst and Young [EY], which announced that it would soon release its new zero-knowledge proof technology on the Vitalik Buterin co-founded Ethereum blockchain.

The project, titled Nightfall protocol, uses the inbuilt zero-knowledge proofs to allow organizations to transact privately on the same network without giving up the security and distributed nature of the ETH blockchain. Circle Research, in an official release, commented on the technology:



“ZKPs prevent anyone attempting to analyze their blockchains from making any sense out of what they’re looking at. ZKPs enable all of the benefits of public blockchains like Bitcoin without the downsides of leaving behind digital clues that can be analyzed by third parties. The result is the ability to transact with complete privacy, inscrutable to the outside world.”

Another feature of EY’s public blockchain approach is its integration of privacy through permissions. The feature makes sure that participants on the blockchain who are selected ahead of time would be preferred over the ones who join the blockchain later. Some users, however, have criticized the permissioned network, which was also mentioned in the Circle report. It stated:

“A key criticism against permissioned networks is that they are not censorship resistant – a single entity or group of entities has control over the network. In addition, there are multiple companies and consortiums building their own permissioned blockchains, which creates silos.”

Ernst and Young’s venture into the crypto-verse was also put on show recently when the company unveiled its new blockchain analytics tool, the EY Blockchain Analyzer. The announcement from the company said:

“The latest version of EY Blockchain Analyzer being showcased at the EY Global Blockchain Summit supports analysis of zero-knowledge proof (ZKP) private transactions on the public Ethereum blockchain, as well as the Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin public blockchains.”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending