Ethereum Foundation Comes Out Of Hiding With Brand New Token, Here’s What It ...
The Ethereum ecosystem has witnessed a surprising development with the introduction of a new token called BETH (Burned ETH Token). This token, which was recently launched by the Ethereum Community Foundation, is an attempt to reshape how Ethereum’s burn mechanics are understood and applied. Instead of the invisible process of ETH being destroyed under EIP-1559, […]
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There are certain aspects of Bitcoin that resemble a User-Generated Brand.
The Bitcoin Foundation was founded in September 2012 with the stated mission to promote, protect and standardize the use of Bitcoin for the benefit of users around the globe. The organization was modeled on the Linux Foundation and is mainly funded by its members and by for-profit companies that depend on Bitcoin technology. A few days ago, one of the newly elected board members of the organization declared the group "effectively bankrupt", claiming that the board members were hiding the Bitcoin Foundation's financial difficulties to its members. Olivier Janssens stated: "The Bitcoin....
Vitalik Buterin, co-founder and developer of Ethereum, revealed in an online community that the Ethereum foundation or the development team have already sold 90 percent of their shares of Ethereum Classic over the past six months. Ethereum Classic, a spin-off project of Ethereum described as the continuation of the original Ethereum Blockchain by its founders and developers, was created after the execution of a controversial hard fork designed to bailout investors of the DAO. Miners and developers who felt that Ethereum demonstrated centralized governance continued to mine blocks of the....
The Ethereum Foundation has been around for a while and is in charge of funds that get distributed to projects on the Ethereum network. In its treasury, there is a large amount of ETH among other crypto investments that help to fund projects. Recently, the Ethereum Foundation released a report that showed what digital assets […]
The Ethereum Foundation, the organization leading the development of this blockchain, made a fresh sale of ETH in exchange for millions of dollars. This time, the organization was the victim of the vicious fees market structure ruling transactions on the network. Related Reading: BitVM Turns Bitcoin Into Ethereum Without Fork, All Altcoins Useless? Ethereum Foundation […]