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Vitalik Buterin backs proposed ERC-7683 for cross-chain trade standards

ERC-7683 aims to standardize cross-chain trade execution, enhancing interoperability between decentralized networks.

Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution.

The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks.

The proposal has been made publicly available for review on the Ethereum Magicians forum, seeking to create a structure that various decentralized platforms can adopt to improve user experience and trade efficiency.

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Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building Research

Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building ResearchEthereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block is beneficial. However, there remains an open debate on whether it is possible to […]

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Crypto community marks 10-year Ethereum ICO anniversary with global events

The Ethereum initial coin offering launched on July 22, 2014, marking the beginning of the blockchain’s journey.

The global blockchain industry is celebrating the 10-year anniversary of the Ethereum network’s initial coin offering (ICO).

Ethereum started gaining traction in 2014 when co-founder Vitalik Buterin mentioned the project at a Bitcoin conference in Miami.

On July 22, Ethereum launched its ICO, selling over $18 million worth of Ether (ETH) paid for in Bitcoin (BTC).

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Vitalik Buterin Applauds Polymarket’s Predictive Power and Influence

Vitalik Buterin Applauds Polymarket’s Predictive Power and InfluenceEthereum co-founder, Vitalik Buterin, has publicly praised the prediction market Polymarket for their impressive performance. He commended the platform not only for accurately predicting outcomes well in advance but also for actively contributing to collective decision-making through the visibility of conditional odds of different candidates. As recently reported, following the announcement that President Joe Biden […]

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Vitalik Buterin Warns Against Political Support Based on Crypto Stance

Vitalik Buterin Warns Against Political Support Based on Crypto StanceEthereum co-founder Vitalik Buterin advised against basing political support solely on a candidate’s pro-crypto stance. He emphasized the importance of broader values like individual freedoms and technological advancement. “Crypto-friendly now does not mean crypto-friendly five years from now,” he stressed. Buterin Highlights Risks of Narrow Political Focus in Crypto Ethereum co-founder Vitalik Buterin has cautioned […]

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Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’

The Ethereum co-founder says we’d all be better off with either anarchy or tyranny but not both.

Ethereum’s outspoken co-founder, Vitalik Buterin, recently expressed his frustration over the current state of cryptocurrency regulation and offered up a surefire solution to the problem.

Responding to a user on Warpcast, a social media platform built on the Farcaster protocol, Buterin described a situation where current regulatory efforts have essentially painted good-faith cryptocurrency developers into a corner:

On the anarchy side of things, there appears to be no end to the glut of bad actors, scammers, and baseless hypesters proliferating on social media and sharing platforms.

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Vitalik Buterin Responds to Criticism on the Institutionalization of the Crypto Space: We’re Still Here

Vitalik Buterin Responds to Criticism on the Institutionalization of the Crypto Space: We’re Still HereVitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects. Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and […]

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Vitalik Buterin endorses TiTok AI for onchain image storage

TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.

Ethereum co-founder Vitalik Buterin has endorsed the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain application.

Not to be confused with the social media platform TikTok, the new TiTok compression method significantly reduces image size, making it more practical for storage on the blockchain.

Buterin highlighted TiTok’s blockchain potential on the decentralized social media platform Farcaster, stating “320 bits is basically a hash. Small enough to go on chain for every user.”

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Optimism reaches ‘Stage 1’ decentralization, implementing fault proofs

The team has implemented fault proofs on Optimism mainnet, and users can now independently initiate withdrawals “without involvement from any trusted third parties.”

Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs. According to the team, Optimism has now reached “Stage 1” of decentralization, referring to a list of milestones articulated by Ethereum co-founder Vitalik Buterin.

At least four other OP Stack networks will implement the fault proofs “soon,” including Base, Metal, Mode, and Zora.

On Optimism, users can now initiate withdrawals of Ether (ETH) and ERC-20 tokens “without involvement from any trusted third parties,” OP Labs said in a post. In addition, if the team’s sequencer attempts to process invalid withdrawals, they can be “challenged and removed” by any user who submits a fault-proof showing that the withdrawal is invalid.

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Vitalik Buterin Criticizes Celebrity Crypto Projects — Offers Blueprint for Respectable Ventures

Vitalik Buterin Criticizes Celebrity Crypto Projects — Offers Blueprint for Respectable VenturesEthereum co-founder Vitalik Buterin has expressed his dissatisfaction with the current wave of celebrity crypto projects, emphasizing their lack of meaningful societal contributions. He highlighted projects like Stoner Cats, which actually fund real initiatives, as more commendable. Buterin also detailed the criteria that celebrity crypto projects must meet to gain his respect. Vitalik Buterin Critiques […]

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