Ethereum co-founder Vitalik Buterin has called for improved wallet security to prevent irreversible crypto losses, emphasizing that many users lose access to their funds due to human error rather than theft. He advocates for social recovery wallets, which utilize a multi-signature system allowing designated guardians to help users regain access if they lose their keys. This approach aims to enhance security while balancing decentralization, addressing the significant risks associated with self-custody.
about Vitalik Buterin Advocates for Improved Wallet Security to Prevent Crypto LossesVitalik
0 posts last weekAya Miyaguchi Transitions to President Role at Ethereum Foundation
Aya Miyaguchi is stepping down as Executive Director of the Ethereum Foundation to become its president, amid a leadership shake-up and declining interest in Ethereum among new developers. She aims to enhance the foundation’s institutional relationships and broaden its vision. Ethereum co-founder Vitalik Buterin praised her contributions to the foundation’s successes during her tenure.
about Aya Miyaguchi Transitions to President Role at Ethereum FoundationBybit Hacker Surpasses Vitalik Buterin in Ethereum Holdings After Major Heist
The Lazarus Group, a North Korean state-backed hacker, has stolen over $1.4 billion in Ethereum from Bybit, holding 437,700 ETH, surpassing both Vitalik Buterin and the Ethereum Foundation in holdings. Buterin owns approximately 240,081 ETH, while the Foundation holds about 223,147 ETH. This breach has raised concerns in the cryptocurrency market, prompting Bybit to secure its reserves and launch a recovery bounty program for the stolen assets.
about Bybit Hacker Surpasses Vitalik Buterin in Ethereum Holdings After Major HeistVitalik Buterin Proposes Universal Light Client for Ethereum Scalability and Decentralization
Vitalik Buterin has unveiled a long-term strategy for Ethereum’s decentralization and scalability, proposing a solution through Ethereum Improvement Proposal (EIP) 3668. This approach aims to enhance the efficiency and decentralization of Layer-2 networks by establishing a universal light client that allows for standardized proof verification without reliance on centralized entities.The implementation would involve an on-chain configuration contract for Layer-2 networks, facilitating communication of proof verification mechanisms via a peer-to-peer network. While challenges such as the need for uniformity among various rollups exist, Buterin emphasizes that a byte-based proof format will ensure adaptability and maintain decentralized verification processes.
about Vitalik Buterin Proposes Universal Light Client for Ethereum Scalability and DecentralizationEthereum Foundation invests 45000 ETH in DeFi platforms to boost treasury
The Ethereum Foundation has shifted its treasury strategy by transferring 45,000 ETH, valued at $120 million, to DeFi platforms Aave, MakerDAO’s Spark, and Compound. This move aims to generate yields and alleviate the need for periodic Ether sales to cover operational costs, responding to community criticism over its previous financial practices. The Foundation plans to explore additional options, including staking, to further enhance its treasury.
about Ethereum Foundation invests 45000 ETH in DeFi platforms to boost treasuryEthereum Foundation Invests 45000 ETH in Decentralized Finance Protocols
The Ethereum Foundation has allocated 45,000 ETH, valued at around $120 million, to four decentralized finance platforms: 10,000 ETH to Spark, 10,000 ETH to Aave Prime, 20,800 ETH to Aave Core, and 4,200 ETH to Compound. This move comes amid scrutiny over the foundation’s operational transparency and internal disputes, prompting the establishment of a multi-signature wallet for DeFi engagements. Stakeholder reactions have varied, reflecting skepticism and intrigue about the foundation’s renewed commitment to the ecosystem.
about Ethereum Foundation Invests 45000 ETH in Decentralized Finance ProtocolsEthereum Daily Fees Fall Below One Million for First Time Since September 2024
Ethereum’s daily transaction fees have fallen below $1 million for the first time since September 2024, generating $731,472 on February 8. This decline is attributed to rising supply and competition from networks like Tron and Solana, alongside internal conflicts within the Ethereum Foundation. Despite these challenges, significant accumulation of ETH was noted, with addresses acquiring 330,705 ETH on February 7, marking a record inflow.
about Ethereum Daily Fees Fall Below One Million for First Time Since September 2024Tornado Cash Co-Founder Released from Prison Amid Ongoing Legal Battles
Alexey Pertsev, co-founder of Tornado Cash, has been released from prison and is now under electronic monitoring as he prepares to appeal his money laundering conviction. His release has sparked a rise in the value of the TORN token, reflecting ongoing debates about the legal status of privacy-focused crypto developers. Pertsev emphasized the financial support he received for his legal defense and called for continued assistance in his fight for freedom.
about Tornado Cash Co-Founder Released from Prison Amid Ongoing Legal BattlesEthereum Can Accelerate Protocol Changes Without Compromising Core Values
Paradigm asserts that Ethereum can accelerate protocol changes without compromising its core values of decentralization, openness, and neutrality. The firm emphasizes the need for faster innovation, advocating for improvements in client diversity and user experience, including simplifying wallet infrastructure. Additionally, the Ethereum Foundation plans to allocate $160 million to bolster its decentralized finance ecosystem while enhancing support for developers.
about Ethereum Can Accelerate Protocol Changes Without Compromising Core ValuesVitalik Buterin Warns Against Political Coins as Bribery Vehicles
Ethereum founder Vitalik Buterin has raised alarms over the emergence of “political coins,” such as MELANIA and TRUMP, labeling them as potential vehicles for unlimited political bribery. He emphasizes the need to distinguish between short-term fun and long-term wealth-building, advocating for a more responsible approach to capital allocation in the crypto sector. Buterin calls for a return to honest token-based fundraising that offers clarity to users, reminiscent of pre-2020 Initial Coin Offerings while addressing their pitfalls.
about Vitalik Buterin Warns Against Political Coins as Bribery VehiclesVitalik Buterin Warns Political Tokens Risk Unlimited Bribery and Ethical Decline
Ethereum co-founder Vitalik Buterin has raised concerns about the rise of political tokens, warning they could lead to widespread bribery, particularly from foreign entities. He emphasizes the need for transparent token models that prioritize community interests and ethical practices, advocating for a balanced approach to tokenization that aligns with long-term values rather than short-term gains. Buterin calls for a focus on user education and sustainable growth, urging the crypto community to avoid the pitfalls of hyper-commercialization and to foster innovation that benefits society.
about Vitalik Buterin Warns Political Tokens Risk Unlimited Bribery and Ethical DeclineVitalik Buterin Advocates for Layer 2 Solutions to Scale Ethereum
Vitalik Buterin has reaffirmed the importance of Layer 2 solutions for scaling the Ethereum ecosystem, highlighting their ability to reduce transaction costs and increase capacity significantly. He emphasized that L2s have achieved key decentralization milestones and are currently scaling Ethereum’s transaction capacity by 17 times. Buterin also proposed enhancements like raising the blob count and optimizing fee structures to maintain ETH’s value, advocating for continued focus on L2s rather than Layer 1 scaling.
about Vitalik Buterin Advocates for Layer 2 Solutions to Scale Ethereum