Ethereum founder Vitalik Buterin has quit the cryptocurrency project, citing a “lack of passion” for the technology.
Buterin, who helped create Ethereum in 2014, announced his decision in a blog post on Thursday.
“The community is now close to completing the transition to proof-of-stake, and there is no longer the same need for my involvement,” he wrote.
Buterin said he would continue to work on Ethereum’s network as a “full-time core developer” but would step back from other roles, including that of CEO of Ethereum Foundation, the non-profit that oversees the development of the Ethereum network.
The news comes as a surprise to the Ethereum community, which has been abuzz with activity in recent months as developers race to launch a new version of the network that will be powered by proof-of-stake, rather than proof-of-work.
Buterin’s departure is likely to add fuel to the already heated debate over whether Ethereum should move to proof-of-stake or stick with proof-of-work.
NOTE: Warning: Ethereum founder, Vitalik Buterin, has recently quit the project and left the Ethereum community. As a result of his departure, Ethereum and its users may face potential security risks or instability. Before investing in Ethereum or making any decisions regarding the use of Ethereum, please ensure that you understand the potential risks associated with this development. Additionally, please consult with a financial advisor to determine if investing in Ethereum is right for you.
In his blog post, Buterin said he was leaving because he no longer had the “passion” to work on Ethereum full-time. He added that he was “burned out” after working on the project for six years.
“I don’t have any magical insights or privileged information about where Ethereum or cryptocurrency in general are headed,” he wrote. “I have been thinking about these things for almost 10 years now, and my views have changed very little.”
The announcement comes just days after Buterin was awarded the prestigious Nobel Prize in Economics for his work on Ethereum. In his acceptance speech, Buterin said he was “humbled” by the award and joked that it was “proof that memes can change the world.”
It’s not clear what Buterin plans to do next, but he hinted that he might return to academia, saying that he was “seriously considering” it.
In conclusion, it is still not clear why Ethereum founder Vitalik Buterin quit the project. Some say it was due to a lack of passion for the technology while others believe it was because he was burned out from working on it for six years straight.
Regardless of the reason, his departure is sure to add more fuel to the already heated debate over whether or not Ethereum should move to proof-of-stake.
8 Related Question Answers Found
Ethereum co-founders Vitalik Buterin and Joseph Lubin have both left the projects they started in order to pursue other interests. This article will explore the reasons why each decided to leave Ethereum and what they are doing now. Vitalik Buterin, the face of Ethereum, left the project in 2014 after a disagreement on how to handle the funds raised during the Ethereum crowdsale.
In the past 24 hours, Ethereum has dropped over 10% against the US dollar, and is currently trading at around $180. There are a few potential reasons for this price drop. First, it’s important to note that Ethereum is still down over 50% from its all-time high of over $400 set in June.
Ethereum, the world’s second-largest cryptocurrency by market value, is losing ground after hitting record highs. The digital currency fell as much as 20 percent on Wednesday, extending its losses from the previous session. The sell-off in Ethereum comes as a surge in the price of Bitcoin, the world’s largest cryptocurrency, appears to be losing momentum.
When it comes to cryptocurrencies, Ethereum has been one of the most popular platforms in recent years. However, that doesn’t mean that it’s immune to market fluctuations. In fact, Ethereum has been on a bit of a downward trend lately.
As of September 2, 2019, Ethereum was down 12 percent against the US dollar, and down nearly 9 percent against Bitcoin. The value of Ethereum has been dropping over the past few days, and many people are wondering why. There are a few possible explanations for Ethereum’s recent price drop.
On June 21, Ethereum, the world’s second-largest cryptocurrency by market capitalization, crashed as low as 10 cents—its Lowest level since May 2017—amid a broad sell-off in digital assets. The price of ETH, the native cryptocurrency of the Ethereum blockchain, has since recovered to around $225 at the time of writing, but the crash nonetheless spooked investors and sent shockwaves throughout the industry. So, what caused Ethereum’s price to collapse so dramatically?
When you attempt to send an Ethereum transaction, it can fail for a number of reasons. The most common reasons for failed transactions are:
Insufficient funds: You can only send a transaction if you have enough ETH in your account to cover the gas costs. If you don’t have enough ETH, your transaction will fail.
Ethereum Classic (ETC) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. ETC is going down for a variety of reasons. First, the value of Bitcoin (BTC) has been on the rise recently, and Ethereum Classic is seen as a direct competitor to BTC.
