The founder and CEO of Ethereum, Vitalik Buterin spoke recently about his Digital Currency investments and holdings. He stated that his Digital holdings are almost entirely devoted to the Ethereum Blockchain and network. He disclosed this in a Reddit “Ask Me Anything” (AMA) post on February 18.
The Reddit “Ask Me Anything” post addressed the Ethereum leadership, team and accountability and asked the right questions to the Ethereum team. The Ethereum community wanted from developers to share possible conflicts of interest and future possibilities. Buterin summarized the total of his Digital Currency holdings as mostly Ethereum and ERC-20 tokens.
Regarding Digital currencies outside Ethereum’s ecosystem, Vitalik Buterin said that he has some Bitcoin (BTC), Dogecoin (DOGE), Zcash (ZEC) and Bitcoin Cash (BCH). But in total, these Cryptocurrency holdings are only 10% or less of the value of his Ethereum and ERC-20 holdings.
Other non-Ethereum tokens include Kyber (KNC), Maker (MKR), OmiseGo (OMG) and Augur (REP), again reportedly less than 10% of Vitalik Buterin’s Ether holdings.
Vitalik Buterin is involved in many projects
Vitalik Buterin also stated on the Reddit AMA that he is a significant corporate shareholder in the Blockchain development and research company Clearmatics. He also is a shareholder in the privacy and scalability-focused Distributed Ledger Technology startup Starkware, which develops cryptohraphic technologies like the zero-knowledge proof algorithm.
The founder of Ethereum also disclosed his external revenue sources over the past year, outside of the Ethereum Foundation. He also disclosed his non-financial involvements in Blockchain and Crypto projects outside of Ethereum. Some of the ones that were disclosed were Plasma Group, L4, EDCON and EthGlobal.
Other of his professional non-token involvements are mainly professional economics and cryptography circles, which he did not specify exactly.
Vitalik Buterin was involved recently at the Ethereum developer’s discussions regarding new smart contract creation and feature sets that will be released in the long-awaited hard fork – Constantinople.
Ethereum community members expressed their concerns about the new features having a negative security implication on the Ethereum Network. Vitalik Buterin was quick to refute these concerns emphasizing the need for evolution and a long term frame for the Ethereum roadmap.
- Security Token Offering (STO) Guide: Everything you need to know about STOs - Feb 28, 2019
- Coinbase Pro is adding Ripple (XRP) support for trading - Feb 27, 2019
- Top ICOs of 2018: Initial Coin Offerings that beat the Crypto Bear’s market - Feb 26, 2019
- Ethereum hard forks Constantinople and St. Petersburg scheduled by the end of the week - Feb 25, 2019
- Ethereum founder and CEO, Vitalik Buterin revealed his non-Ether holdings and revenue sources - Feb 22, 2019
Know more than others on any Blockchain Party!
Join more than 5000 others to receive the breaking news and weekly summaries! No ICO spam, we promise.