Vitalik Buterin Releases a Blockchain-Centered Book, Post Ethereum (ETH) Merge: Details

in LeoFinance2 months ago

Vitalik Buterin, the leading co-founder of the Ethereum (ETH) blockchain has made yet another huge contribution to the cryptocurrency and blockchain industry, according to a recent development announced on Tuesday.

To make further contributions to the crypto community, the Ethereum (ETH) co-founder Vitalik Buterin has released a book that compiles all his writings made in the last 10 years. This crypto and blockchain-centered book which was released on September 27 into the market is available on online stores like Amazon where individuals can order from.

He wrote to his 4.3 million Twitter followers saying, "Proof of Stake, the (physical and digital) book compiling various writings I've made over the last ~10 years, is finally out!" Along with the tweet was the link through which the book can be ordered and he thanked everyone who helped during the writing and making the book available in the market. Other online bookstores and retailers of the book include the likes of Walmart, Books-A-Million, Seven Stories, Powells, Indie Bound, Target, Barnes & Noble, and Hudson.

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Source: Vitalik Buterin, Ethereum Co-founder

It is worth noting that this book authored by Vitalik Buterin is titled "Proof of Stake" and it is centered on the philosophy of blockchains and the making of the Ethereum (Ethereum) blockchain, the second-largest crypto project and the first and largest smart contract platform in the industry.

While several community members have applauded the Proof-of-Stake (PoS) consensus mechanism advocate, Laura Shin, a popular podcaster and book author said that the Proof of Stake book written by Buterin is “a crucial contribution to the development of a new technology that will impact all our lives.”

Equally, the About Section of the book has reads
;

These writings, collected from his essays before and during the rise of Ethereum, reveal Buterin to be a vivid and imaginative writer, with context from media studies scholar Nathan Schneider.
While many around him were focused on seeing the value of their tokens rise, he was working through the problems and possibilities of crafting an Internet-native world.

Ethereum (ETH) Blockchain Now a Proof-of-Stake (PoS)

On September 15, Vitalik Buterin and the Ethereum Foundation implemented the Merge upgrade, which transitioned the leading smart contract platform from proof-of-work (PoW) to proof-of-stake (PoS). This upgrade came to make the Ethereum blockchain less energy-intensive by adopting the staking approach instead of the PoW mining model.

Ether has been performing badly in the market of late, contrary to the expectations of many investors. The second-largest token by market capitalization has been plunging ever since the Merge upgrade and consensus algorithm switch. Investors are hoping that the token rebounds as the total number of staked ETH increases as well as validators on the network. Data from Timestabloid shows that active node validators have surpassed 436,000 and counting.

Generally, the adoption of Ethereum 2.0 seems to be increasing although it is bad business for crypto miners. The merge upgrade took away a major earning opportunity from crypto miners who may have moved to other PoW-based blockchain platforms like Ethereum Classic (ETC).

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