vitalic buterin

Vitalik Buterin’s proposals for a “secure CEX” are being worked on by Binance CEO CZ

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Proof of reserve

Custodial and noncustodial exchanges were mentioned as short-term possibilities by Buterin, however multisig and social recovery wallets are required for long-term solutions. The demise of a number of significant crypto ecosystems in 2022 highlighted the urgent need to overhaul how crypto exchanges function. To assure the stability of cryptocurrency exchanges, Ethereum co-founder Vitalik Buterin believes … Read more

Vitalik Buterin and CZ Binance Design a New Proof of Reserve Mechanism, Over $6 Billion Leaves Centralized Exchanges

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Vitalik Buterin and CZ Binance Design a New Proof of Reserve Mechanism

Following the collapse of FTX, the CEO of Binance, Changpeng Zhao, and the co-founder of Ethereum, Vitalik Buterin, may be developing a proof of reserve algorithm for centralized cryptocurrency exchanges (CEX). The WuBlockchain team reported the development and referenced a previous AMA session as their source.  After the FTX Collapse, users seek proof of reserves … Read more

The Merge Day: Ethereum Transitioned to Proof of Stake

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Ethereum Transitioned to Proof of Stake

What was undoubtedly the most anticipated event in the cryptocurrency sector in recent years has already happened. Ethereum’s proof-of-work mainnet officially joined with the proof-of-stake Beacon Chain, completing the protocol’s move to PoS. The Paris update, generally called as “the Merge” finally conducted as it marks the unification of the consensus layer (previously the Beacon … Read more