Byzantium implemented

Hard fork of Etereum successfully implemented at 16th of October 2017, 05.22 UTC
16 October 2017   595

On Monday, October 16, at 05.22 UTC on the block 4,370,000 in the Ethereum network, the previously planned hardfork was implemented.

Byzantium's hard work has made the following changes to the Ethereum blockchain:

- delayed the "complexity bomb" for another 18 months;
- speed of blocks confirmation increased;
- Reduced the reward for the block from 5 to 3 ETH;
- added zk-SNARK elements, which are designed to introduce new privacy features, currently found in crypto-currencies such as Zcash;
- expanded the capabilities of the virtual machine Ethereum, etc.

The Metropolis hardfork was first introduced on the Ethereum roadmap in 2015. Byzantium is the first part of a major upgrade of Metropolis. Before activating of Metropolis in thenext year, there will be another second, which will be called Constantinople.

Buterin Donated $763k to Fight Possible AI Rise

Creator of Ethereum donated $763k worth ETH to Machine Intelligence Research Institute
22 February 2018   698

The non-profit organization Machine Intelligence Research Institute (MIRI), which studies potential hazards of artificial intelligence, published data on donations collected in December last year. As it turned out, 66% of the funds were received in the crypto currency, Bitcoin.com reports.

66% of the funds donated during the campaign were in the cryptocurrency (mostly Bitcoin and Ethereum). The largest transfer came in the end - $ 763,970 in Ether from Vitalik Buterin. This was the third largest donation in the history of the organization after a $ 1.25 million grant from the Open Philanthropy Project in October and $ 1.01 million in Ethereum in May.

It should be noted that the main goal of MIRI is to create a secure artificial intelligence, as well as to study the potential dangers and opportunities that may arise when creating AI. The organization has representative offices in the USA and Canada.

The total amount of MIRI donations in December 2017 was $ 2,515,148 - twice the initial target of $ 1.25 million.