Ethereum (ETH) is the third largest cryptocurrency on the market – and a topic of our today’s crypto news section. The cryptocurrency has been falling in terms of price – but according to its co-creator – it is also growing rapidly.
Joseph Lubin, who is the co-creator of Ethereum and the founder of ConsenSys – a blockchain software studio that houses 1,000 developers – thinks that Ethereum is growing at an exponential rate. As he said:
“Blockchain is more than a market. It’s a movement. Market cap doesn’t reflect (this) activity. Decentralized networks are growing. 10 billion daily API requests served by Infura. 1 million Truffle downloads. 1 million MetaMask downloads. 12,000 live Ethereum nodes. 48 million unique Ethereum addresses. 3 times LinkedIn blockchain job openings.”
The three major products of Ethereum – Truffle, Infura and MetaMask (known as “TIM”) – serve as the backbone of the infrastructure surrounding the asset. As of recently, it was reported that all three blockchain tools achieved major milestones. While MetaMask launched a mobile client, Truffle secured 1 million downloads and Infura surpassed 10 billion requests.
So, despite Ethereum and its struggling performance on the market – in which it lost 92% of its value from the peak on January 13th – the user base of the blockchain protocol has increased and the infrastructure has strengthened quite noticeably.
“I believe in blockchain technology because of the people behind it. The developers, engineers, and technologists who build. The smart contract experts who audit and secure the code. The designers who care deeply about user experience. The marketers who tell the story of Web3,” Lubin concluded.
New Privacy Mechanism For ETH Smart Contracts Developed By Stanford Researchers
“We describe an extension to Zether that can also hide the sender and receiver involved in a transaction among a group of users chosen by the sender. Though the overhead associated with anonymity scales linearly with the size of the group, no trusted set-up is needed and no changes to the underlying smart contract platform are required.”The report specifies that the Zether contract will never transfer funds without checking a transfer proof in order to prevent illegal transfers. This new design makes sure that the security of Zether depends on itself and not on third-parties or outside smart contracts. All of the privacy coins that provide users with a higher level of anonymity are still receiving mixed feelings from the community. For example, Charlie Lee declared he is focused on making Litecoin more fungible and private and to implement confidential transactions sometime in 2019.
Parity Manager Quits All Ethereum Projects After Controversial Tweet
“Polkadot delivers what Serenity ought to be...”Polkadot is a protocol created by Parity that aims to link different blockchains. Schoedon said that he will not work on ETH-projects anymore but will remain with Parity:
“Polkadot is not a direct competitor to Ethereum and chains like Ethereum were always an integral part of the Polkadot vision. The focus of my tweet wasn’t Polkadot or competition, but Serenity, which is, in my eyes, rolled out too slowly, and I fear that it [won’t] matter anymore once we get there. People didn’t get that, and only I am to blame for not getting the message straight.”He also said that he believes that the Ethereum community has to find some shared goals and values. After he published his tweet, users accused him of betrayal and of sabotaging Ethereum. However, he clarified:
"I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard forks, building testnets, or contributing otherwise. I did not work on Polkadot, I never did, I worked on Ethereum. I did not hate Ethereum, I loved it."Despite his addressing, some people such as blockchain entrepreneur Andreas Kristof said that Schoedon was the only one, directly responsible for the delay of Serenity.
MyEtherWallet Is Releasing A Converting Crypto Platform Without KYC Requirements
Ethereum (ETH) Pushes Above Key Moving Averages, Surging 37% This February
Join us on Facebook
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News2 days ago
Charity Branch Of Binance Launches Pilot Blockchain-Based School Lunch Program
Bitcoin News1 day ago
Brian Armstrong Believes Hot Wallets Are Good Enough To Store Bitcoin
Altcoin News4 days ago
Crypto Market Adds $10 Billion, Currently With $134bn. In Circulation
Altcoin News3 days ago
Crypto Trading Volumes Jump To 300-Day Highs Following The Bullish Market-Wide Run
Blockchain News1 day ago
Educational Certificates In Malta Will Be Stored On A Blockchain
Bitcoin News3 days ago
Samsung’s New Flagship Phone ‘Galaxy S10’ Comes With A Cryptocurrency Key Storage
Analysis4 days ago
Bitcoin Nearing $4,000: The Chances Of A Larger Breakout Are Increasing
Ethereum News4 days ago
Craig Wright Calls Out Ethereum For Being Unable To Scale