Ethereum for australian students

Sydney University launched the project letting students earn cryptocurrency by making purchases via mobile app
17 October 2017   4969

A public university in Sydney tied up with the University of New South Wales and the startup LoyaltyX to let students participate in Unify Rewards program where they can earn ETHs making transactions through specially developed mobile application at stores located in the area of Sydney University. Students receive $5 worth of Ethereum for every ten transactions they make. The duration of the program is from October 6 to November 20 of 2017 and involves 500 participants.

By launching such project LoyaltyX and UNSW want to collect data about the peculiarities of behaviour of students when they get Ethereums in comparison with traditional points.

We are confident that they will find it much more attractive, but the study will give us a more definitive answer.

 

Andrew Lowe

Managing director, LoyaltyX

It’s not the first time when world famous universities use cryptocurrency to interact with students. Massachusetts Institute of Technology operated with cryptocurrency several times, distributing $500,000 in Bitcoins to undergraduate students and announcing launch of Litecoin project which was never actually implemented.

Buterin to Propose Way to Speed Up ETH 2.0 Migration

Vitalik Buterin,creator of Ethereum, believes the eth1 system can exist as a zero shard in eth2 
25 December 2019   271

Ethereum founder Vitalik Buterin proposed a solution that allows you to quickly get rid of the Proof-of-Work (PoW) algorithm chain and move everything in Ethereum 2.0 to Proof-of-Stake (PoS).

According to him, the eth1 system can exist as a zero shard in eth2.

Validators who choose to participate in eth1 will be able to register as friendly. They are expected to support the full eth1 node in addition to the eth2 node.

A full eth1 node will load all blocks of the zero shard and maintain the updated state of the old circuit.

Buterin believes that his proposal does not make any changes to the planned procedure for the transition from eth1 to eth2. Only software for stateless clients and witness size changes in the eth1 protocol are required.