Vitalik Buterin downplays Ethereum PoW forks, Chainlink backs PoS switch

Ethereum founder Vitalik Buterin has downplayed the impact of Proof of Work (PoW) forks of the leading smart contract platform. Chainlink, meanwhile, has confirmed it will not support any such forks.

Bitcoin pioneered the PoW consensus that was adopted by Ethereum. PoW is energy-intensive, requiring increasingly powerful computers to validate transactions to earn blockchain rewards. Some lawmakers in several regions are even talking about banning PoW blockchains.

Proof...

8 August 2022 | Altcoins

Vitalik Buterin criticises Canada’s protest response as “dangerous”

Canada Trucker Protests

Decentralised blockchains are not all about being the “Wild West” of the technology industry. In many ways they can keep governments in check and “bring the rule of law back”, says Ethereum founder Vitalik Buterin.

Buterin, who grew up in Canada, laid out his position on governments overstepping their authority in response to Ottowa’s trucker protests during a Coindesk interview at the ETHDenver conference.

Truckers have spent the better part of a month...

22 February 2022 | Banking