Vitalik Buterin | ForkLog

ForkLog 39 09.05.2024

Vitalik Buterin Explores ‘Multidimensional’ Gas Pricing for Ethereum

To address the limitations of the current fee system, Ethereum co-founder Vitalik Buterin proposed a ‘multidimensional’ gas pricing structure. He noted that the network currently employs a peer-to-peer model where all computational processes, including storage, data transfer, and encryption operations, are evaluated using a single metric—gas. Vitalik pointed out a significant drawback: this approach treats […]

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ForkLog 30 01.05.2024

Vitalik Buterin Unveils Details of New ZKP Model Binius

Ethereum co-founder Vitalik Buterin discussed the advantages of Binius, a new zero-knowledge proof (ZKP) system. The primary aim of this technology is to deliver a significant performance boost compared to traditional models like zk-SNARK. According to Buterin, Binius achieves greater efficiency by performing computations directly on individual binary bits—zeros and ones. In contrast, SNARK and […]

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ForkLog 27 28.04.2024

Vitalik Buterin: Proof-of-Work Was a Temporary Phase Before Ethereum’s Shift to Proof-of-Stake

Ethereum co-founder Vitalik Buterin stated on social media platform X that the Proof-of-Work (PoW) consensus algorithm was merely a temporary phase in the project’s transition to Proof-of-Stake (PoS). PoW was also quite centralized. It was just not talked about as much, because everyone knew it was only a temporary stage until PoS. And that doesn’t […]

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ForkLog 9 23.04.2024

Arkham Identifies Millions in ‘Forgotten’ Crypto Assets on Cross-Chain Bridges

Tokens worth millions of dollars remain unclaimed in contracts associated with cross-chain bridges, according to experts at Arkham Intelligence, reports The Block. Experts identified several such addresses belonging to major players in the DeFi and NFT sectors, including a presumed connection to Ethereum co-founder Vitalik Buterin. “There are dozens of accounts with six to seven-figure […]

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ForkLog 25 16.04.2024

Buterin Addresses Use of Railgun Mixer

Journalist Colin Wu, who discovered transactions by Ethereum co-founder Vitalik Buterin through the Railgun mixer, noted that the tool is also used by North Korean hackers, the Lazarus Group. The service became an alternative for them following sanctions against Tornado Cash. Wu also referenced a January 2023 FBI statement indicating that assets worth over $60 […]

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ForkLog 35 15.04.2024

Vitalik Buterin Utilizes Railgun for 180 ETH Transfer

Ethereum co-founder Vitalik Buterin executed several transactions amounting to approximately 100 ETH (~$575,000) through the anonymizer Railgun. This was highlighted by journalist Colin Wu. Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is a EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik […]

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ForkLog 57 10.04.2024

‘I am sure who hacked The DAO’: an interview with Laura Shin, host of Unchained

Laura Shin is an American journalist specialising in the crypto economy and host of the popular Unchained podcast. In 2021 she published The Cryptopians, about Ethereum’s early history, which is now available in Russian. ForkLog spoke with Laura about the lessons the community failed to learn from The DAO’s collapse, how Vitalik Buterin has changed […]

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ForkLog 16 02.04.2024

Vitalik Buterin Backs Critics of L3 Solutions

Ethereum co-founder Vitalik Buterin joined the debate on the value of third-layer solutions, referencing his post from a year and a half ago. Re-upping my post from 1.5 years ago on “layer 3s”:https://t.co/iHWEgPA7Hl The summary is that layer 3s don’t magically improve throughput even more, though they can reduce some fixed costs of batch publishing […]

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ForkLog 76 01.04.2024

Vitalik Buterin Unveils Details of Ethereum’s Next Update

Ethereum co-founder Vitalik Buterin has outlined the next phase of the blockchain’s roadmap, known as The Purge. This initiative aims to simplify the network’s structure and reduce the load on nodes. A quick note on next steps in Ethereum protocol simplification and node resource load decreases (aka “the Purge”):https://t.co/BAebCGrisB — vitalik.eth (@VitalikButerin) April 1, 2024 […]

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ForkLog 21 29.03.2024

Vitalik Buterin Proposes New Qualities for Memecoins

Ethereum co-founder Vitalik Buterin shared his thoughts on memecoins amidst their boom, expressing a desire to see “more good coins than bad ones.” What else could memecoins be?https://t.co/8ZVhwkVwLy — vitalik.eth (@VitalikButerin) March 29, 2024 In his view, there are three main reasons why people are interested in such assets: their value increases; they are open […]

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ForkLog 33 29.03.2024

Vitalik Buterin Outlines Ethereum’s Scaling Path Post-Dencun

Ethereum co-founder Vitalik Buterin has highlighted the need for internal network scaling and parallel processing of rollups to build on the success of the Dencun upgrade. Ethereum has blobs. Where do we go from here?https://t.co/P2cyf9sCwb — vitalik.eth (@VitalikButerin) March 28, 2024 The most significant upgrade since the migration to the PoS algorithm via The Merge […]

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ForkLog 18 27.03.2024

Vitalik Buterin Explores the Benefits of Account Abstraction

Account abstraction encompasses additional features that enhance security and convenience, which are yet to be activated, according to Ethereum co-founder Vitalik Buterin, as reported by The Block. Security objectives specifically include providing users with the ability to change and revoke private keys, as well as more efficient account recovery methods. Convenience goals, in turn, include […]

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