While the crypto 2.0 sector of the digital currency industry is showing strong signs of maturity, it has also begun to attract its share of controversy.
Following their emergence in late October, rumours that major projects in the space could soon face additional scrutiny from the US Securities and Exchange Commission (SEC) have continued to persist into November.
For all the conversation surrounding the possibility, however, major publications have struggled to find evidence that any crypto 2.0 projects have received letters. At press time, however, at least one lesser-known investment project had reported being contacted.
That said, this week’s developments prove that there is equally strong positive attention being paid to this sector of the community.
Techstars invests in Swarm
Ethereum, the decentralized publishing platform invented by bitcoin wunderkind Vitalik Buterin has been in relative stealth mode since raising an estimated $15m–$18m through a pre-sale of the network’s native token, ether, this September.
According to CCO Ethereum Stephan Tual, however, much is happening behind the scenes as the growing project prepares for an early spring 2015 launch. Tual told CoinDesk that the recent funding has given Ethereum the necessary funds to increase its employee base as it grows its global operations.
Tual reported that Ethereum is conducting the majority of its hiring in Europe – Berlin, Amsterdam and London to be specific, the latter of which has seen the addition of at least four employees dedicated to its Mist browser, a decentralized app store.
London will be the base of the company’s outreach and communications, while Berlin will be focused on development for Whisper, Ethereum’s peer-to-peer messaging platform, and Swarm, its client file distribution network.
Tual, however, was quick to stress that the hirings may only be temporary owing to Ethereum’s long-term goals.
“Now with the Ether sale, we’re in the position to hire a lot of people. Not necessarily for 10 years, but a couple of years, because ultimately we’re a not-for-profit organisation,” he said.
Elsewhere, Tual sought to stress that Ethereum is not a ‘bitcoin 2.0’ project, but rather one that is more broadly concerned with enabling decentralized applications through technology.
“We want to see everything from decentralized Airbnb to decentralized Uber to decentralized financial markets.”
The significance of sidechains
- ^ additional scrutiny (www.coindesk.com)
- ^ struggled to find evidence (blogs.wsj.com)
- ^ at least one lesser-known investment project (www.wired.com)
- ^ Techstars (www.techstars.com)
- ^ Swarm (www.coindesk.com)
- ^ demo day (bitcoinmagazine.com)
- ^ $15m–$18m (www.coindesk.com)
- ^ Mist browser (github.com)
- ^ Whisper (www.ethereum.org)
- ^ Swarm (forum.ethereum.org)
- ^ sidechains white paper (www.coindesk.com)
- ^ VC-funded Blockstream (www.coindesk.com)
- ^ Counterparty (www.coindesk.com)
- ^ “burned” bitcoins (www.minyanville.com)
- ^ DigitalTangible (www.coindesk.com)
- ^ NXT Monetary System (nxtforum.org)
- ^ Wikipedia (upload.wikimedia.org)
- ^ Shutterstock (www.shutterstock.com)
- ^ Crypto 2.0 Roundup (www.coindesk.com)
- ^ Ethereum (www.coindesk.com)
- ^ sidechains (www.coindesk.com)
- ^ Swarm (www.coindesk.com)