Forbes Released First Crypto Billionaires List

Creators of Ripple, Ethereum, ConsenSys and other crypto-related companies joined the list
07 February 2018   1163

Forbes magazine for the first time made a rating of the richest businessmen who earned a capital on crypto-currencies.

The first place in the ranking was taken by the co-founder Ripple Chris Larsen. His capital Forbes estimated at 7.5-8 billion dollars.

On the second line, co-founder Ethereum and ConsenSys, Joseph Lyubin, was placed with a capital of 1-5 billion dollars. Creator of Ethereum Vitalik Buterin, according to estimates of Forbes, earned 400-500 million dollars.

Third place went to Changpeng Zhao, who founded the Binance currency exchange, with a fortune of 1.1-2 billion dollars, according to Forbes.

Fourth in the ranking are the twin brothers Cameron and Tyler Winklevoss, the founders of the ConnectU social network, who were among the first to invest in bitcoins. Winklevoss, who was suing Facebook founder Mark Zuckerberg, accusing him of plagiarism, earned from $ 900 million to $ 1.1 billion.

In December, the British newspaper The Daily Telegraph announced Winklevoss as the first crypto-currency billionaires.

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   50

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100