Anthony Di Iorio is a Canadian entrepreneur and cryptocurrency investor who co-founded Ethereum, a decentralized platform that runs smart contracts. He is also the founder of Jaxx, a digital wallet that supports multiple cryptocurrencies.
In December 2017, Di Iorio announced that he was leaving the Ethereum Foundation, the non-profit organization that supports Ethereum’s development. In an interview with Bitcoin Magazine, Di Iorio said that he wanted to focus on his other projects, including Jaxx and Decentral, a Toronto-based innovation hub that he founded.
Di Iorio’s departure from Ethereum comes as the platform is facing increasing scalability issues. Ethereum’s network has been congested in recent months due to the popularity of decentralized applications (dapps) built on top of it.
This has led to high transaction fees and slow transaction times.
NOTE: Warning: This article discusses the reasons why Anthony Di Iorio left Ethereum. It may contain information that could be considered sensitive or controversial, and may not be suitable for all audiences. Please read at your own discretion.
Di Iorio believes that Ethereum will eventually scale to meet demand, but in the meantime, he wants to focus on other projects that are not as constrained by scalability issues. Jaxx, for example, is a digital wallet that supports multiple cryptocurrencies, including Ethereum.
Decentral is another one of Di Iorio’s projects that is not as constrained by scalability issues. Decentral is a Toronto-based innovation hub that focuses on blockchain technology and digital currencies.
The hub is home to Jaxx and several other startUPS working on innovative projects in the blockchain space.
Di Iorio’s departure from Ethereum is a loss for the platform, but it underscores the importance of scaling solutions for blockchain platforms. Without scaling solutions, Ethereum and other blockchain platforms will be unable to meet demand from users and developers.
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