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Ethereum Co-founder Comes Back with New Project to Democratize Crypto

Ethereum Co-founder Comes Back with New Project to Democratize Crypto

Ethereum co-founder Anthony Di Iorio has unveiled a new project called Andiami that could potentially democratise the cryptocurrency industry. A device called the Cube is at the heart of the project. It’s supposed to make it easier. For cryptocurrency users to run a node on different blockchains. It will act as a decentralised server that can store up to 12 terabytes. Running a node requires a lot of technical know-how, which is unsuitable for decentralisation.

The cryptocurrency industry is often criticised for having too much control over the industry.

Di Iorio believes that the “centralised decentralisation” paradox is one of the biggest problems plaguing the crypto industry today. Therefore, he feels more users should be able to implement their hardware. A few people will be chosen at random to receive 3,000 units of Xbox-like consoles. The cubes will cost between $300 and $5,000 to make them more affordable. 

Blockchain criticised cryptocurrency owners pumping their tokens in a 2021 interview. At the same time, he is still convinced that cryptocurrencies will not disappear.

Ethereum Co-Founder Makes Big Changes to Roadmap 

Ethereum co-founder Vitalik Buterin has released an update to the Ethereum roadmap, announcing changes aimed at mitigating censorship, block verification, centralisation, and other issues. Proceed with the Ethereum Technical Roadmap, which aims to improve censorship resistance and decentralisation of the Ethereum network. Ethereum completed its long-awaited migration from the energy-intensive Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS) on September 15, a phase known as the merge. After Merge, Ethereum entered its second phase, Surge, to reach 100,000 transactions per second through accumulations. According to the roadmap above, there were five phases, the rest being Verge, Purge, and Splurge.

The now expanded six-part technical roadmap also includes Scourge as a new third tier, which will then be followed by the previously known Verge, Purge and Splurge tiers.

Following the Merge, Ethereum entered its 2nd stage — the Surge — to have 100,000 transactions in step with 2nd via rollups. As in step with the preceding roadmap, there had been complete of 5 stages, with the relaxation being the Verge, Purge, and Splurge. However, the now elevated six-component technical roadmap additionally consists of the Scourge as the brand new 0.33 stage, to be observed through the previously-recognized stages — the Verge, the Purge, and the Splurge. According to the Ethereum roadmap, the purpose of the Scourge is to “make certain dependable and credibly impartial transaction inclusion and to keep away from centralisation” amongst different improvements. The Ethereum author stated that the adjustments reflect “greater concrete milestones in each category” and a more excellent express position for quantum-proofness as an essential issue of the “endgame” protocol.

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