Vitalik Buterin at meeting in Russia: part II

Vitalik Buterin at meeting in Skolkovo, Russia: here are some of Ethereum founder’s statements, part II
01 September 2017   691

On August 31st, Vitalik Buterin, the founder of Ethereum, hosted an “Open conversation with Vitalik Buterin” in Skolkovo techonopark in Russia. Here is some of the most vivid statements made by a “crypto god", part II.

Vitalik Buterin in Skolkovo, Russia, 2017image credit: Elena Balbekova

You can also have a look at the part I, in which Vitalik spoke about his childhood, Bitcoin and the idea of the creation of his own project, Ethereum.

Russia

  • President Vladimir Putin was the first president Vitalik Buterin has ever met.
  • The community in Russia is growing rapidly and not only in quantity: the quality of the projects also goes forward. People are getting better and better understanding of the direction in which the use of blockchain projects will go.
  • Vitalik also claims that nowadays there's a peak of cryptocurrency hype in Russia as Putin knows about blockchain [laughing].

Blockchain technology

  • According to Buterin, now we are at a stage when blockchain technology is at the level of large state-owned corporations. However, there are no real applications of it, as now everyone is doing tests and research.
  • Still, from the state-adoption point of view, Vitalik considers Bank of England (UK) and the Central bank of Russia the most dynamic ones, as well as Estonia and Singapore. 
  • Ethereum founder argues that within 5 years in some industries at least half of the processes will be blockchained.
  • Concerning the blockchain code: there is never a case that the code is the law to the full. 
  • A lot of people already think about the interoperability between blockcains. There are even several projects. The main problem is to find a use case.
  • Top 3 names in the blockchain industry: Vlad Zamfir, Christian Reitwiessner and Joseph Poon.

ICO

  • ICOs are definitely a good thing as now the coin in the protocol can be monetized. Even Ethereum project exists only thanks to its crowdfund. However, it's a bad idea to launch ICO if your team is a fraud [laughing].
  • It's essential that the project's tokens should have a real significance. Thus, if a project could work perfectly well with another tokens such as Ether, then there is no use in the token.

The DAO

  • The idea was quite interesting. The problem was that there was a mistake in the Dao code and the person used it to steal a large amount of Ether (about 10 million in Ether). Then there was an attack and the users suggested the idea of how to deal with the hack. Yes, the money was stolen, but it was put together in another smart contract, which means the team had 35 days to find a solution. The solution was found and it was a hard fork. They decided to change the protocol to remove money from one smart contract and move it to another one to return people their money.
  • After the Dao, several conclusions were drawn:
    - the community that supported Ethereum now knows that code is a law and a strong principle, but not infinitely strong, only in the extreme case. 
    - every single hack can not be solved with the hard fork.
    - in order to avoid hacks, it is necessary to increase the level of security, i.e. write secure contracts, increase the security of the protocol. the Ethereum team has already increased the security level, though, as Buterin highlights, there is still much to strive for.

Ethereum Foundation

  • Ethereum Foundaiton is a non-profit organization. Certainly, at first there were those who wanted to create a commercial project, and if they did, then each of the team would have probably been a billioner of shares now. Yet, the team is doing a public blockchain, a neutral platform, for the whole world.
  • Salaries: from the initial crowdfunding there was 30k of Bitcoins used for the salaries, then there was 6 million of Ether (3 million used as a reward to the programmers), the remaining 3 million is still being used for this purpose (either directly, or in Fiat money).

Fake death and the future of Ethereum

  • Buterin claims that the fake news was quite funny and he had a great laugh.
  • Yet, Ethereum is a decentralized platform, but it is centralized on Vitalik one way or another. Buterin speculates that this will go away after a while. Indeed, the team is growing now and even if the founder disappears, people will be able to get to the proof of steak and sharding. Thus, Vitalik Buterin will be needed less and less.

Feb 22: New Crypto Listings on Exchanges

From this article you will learn which cryptocurrencies are listed on exchanges on February 22 of 2018
22 February 2018   121

There is a non-stop turnover of cryptocurrencies on the popular crypto exchanges, and there are a lot of digital coins and tokens being listed on the exchanges every day. From this article you will get to know which currencies and trading pairs will be added to the exchanges on February 22 of 2018.

DADI (DADI)

Exchanges: COBINHOOD

DADI is an acronym for Decentralised Architecture for a Democratic Internet. DADI provides a ready-to-roll Web Services framework with data at its heart, enabling the creation of real time, individually targeted experiences.

dadiDADI charts

Crypto Exchange: COBINHOOD
Category: token
Price at the moment of press: 
$0,4
24h volume: $2 895 490
Website and Explorer

Fusion (FSN)

Exchange: COBINHOOD

FUSION is a public blockchain devoting itself to creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization, and cross-datasource smart contracts.

FSNFSN charts

Crypto Exchange: COBINHOOD
Category: token
Price at the moment of press: 
$3,44
24h volume: $770 519
Website and Explorer

Neuromation (NTK)

Exchanges: COBINHOOD

Neuromation is a blockchain platform (the “Neuromation Platform”) for the distributed generation of synthetic, labeled datasets for training of deep neural networks. The Neuromation Platform implements the principle of “knowledge mining”, which assumes that the computing power of mining rigs not only supports abstract blockchain cryptographic computing but also serves to solve specific practical problems that have a physical meaning.

ntkNTK charts

Crypto Exchange: COBINHOOD
Category: token
Price at the moment of press: 
$0,7
24h volume: $307 699
Website and Explorer

Substratum (SUB)

Exchange: COBINHOOD

Substratum is creating an open-source foundation for a decentralized web which will provide unrestricted access to content and sharing of information for users across the globe. Its mission is to bring forth the free and fair internet of the future by combining proven technological building blocks with emergent technologies in an innovative and holistic way to help solve many of the problems that plague the modern interne

subSUB charts

Crypto Exchange: COBINHOOD
Category: coin
Price at the moment of press: 
$0,6
Market cap: $148 673 215
Website and Explorer

Metal (MTL)

Exchange: Lykke

The MTL Token is an Ethereum ERC20 Token that uses MetalPay's unique Proof-of-Processed Payments (PoPP) to identify and reward users. Metal is a professional grade mobile application and backend that allows users to manage cryptocurrency and FIAT funds. By creating an easy to use interface, Metal bridges the gap between the existing learning curve to use cryptocurrency and the needs of users to interact with traditional currencies for payment.

mtlMTL charts

Crypto Exchange: Lykke
Category: token
Price at the moment of press: 
$4,24
Market cap: $81 804 561
Website and Explorer

Our team is continuously updating all the most relevant information regarding all newest tokens and coins which are hitting the markets and exchanges in 2018.