OmiseGo Opened Plasma MVP Repository

OmiseGo announced that Plasma MVP repo is available on GitHub and the developers are working on the project which should bring a scalable on-chain exchange without sacrificing security
18 January 2018   702

Plasma is project based on blockchain technology developed by Joseph Poon and Vitalik Buterin. Plasma uses child chains reporting to root chains in order to increase transaction throughput without any of the safety concerns that usually come with using smaller chains. As it is stated by the developers of the project, OMG exchange was created in anticipation of Plasma.

Plasma will be used to support a scalable, fully on-chain exchange aiming to make it entirely secure.

The principles of Plasma work are the following: to perform a deposit, users should move assets from a parent chain to a child chain by transferring them to the appropriate Plasma smart contract on Ethereum.

At the moment of press, these are main market parameters of OmiseGo token:

  • Average price: $19,00
  • Marketcap: $1 939 237 062
  • 24h volume: $111 646 000

Buterin and OmniseGO to Urge to Boycott Consensus 2018

Co-founder of Ethereum is angry on popular web media due to number of articles and, as he says, link to scam website
27 April 2018   942

Creator of Ethereum Vitalik Buterin and team of OmiseGO project announced a boycott of the upcoming conference Consensus 2018, organized by the CoinDesk. The reason for this was, in particular, two materials of the agency, one of which published a direct link to the web-site of scammers, and in the other - "sensational" information about the alleged Ethereum's hardfork.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

He also noted that he had already warned media in such mistakes.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

OmniseGO team decided to join Vitalik.

OmniseGO Twitter
OmniseGO Twitter

Buterin also criticized the EIP 999 related article.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

It is worth noting that at the time of publication of the CoinDesk note, it was already known that representatives of the Ethereum community voted against the unlocking of 513 000 ETH on Parity wallets, and the developers of Parity Technologies assured that they did not achieve the new Ethereum hardware. Since then, the material CoinDesk has been repeatedly edited, but the screenshots of the original text can be easily found on the Internet.

Vitalik also reported on "gotchas".

Vitalik Buterin Twitter
Vitalik Buterin Twitter

He also said that he won't support the "level of rent seeking" of the conference.

Vitalik Buterin Twitter
Vitalik Buterin Twitter

Response from CoinDesk editor Pete Rizzo was quick and rough.

Pete Rezzo Twitter
Pete Rezzo Twitter

He also told about "bully pulpit move".

Pete Rezzo Twitter
Pete Rezzo Twitter

At the same time, the OmiseGO team wrote on Twitter that "People’s livelihoods are on the line when we fail to vet our sources."

OmniseGO Twitter
OmniseGO Twitter

Earlier Vitalik Buterin locked in a Twitter-drama with Australian businessman Craig Wright during the Bitcoin Cash promotional presentation.