It will be very interesting to see how federal courts from different circuits rule in whether crypto assets are in fact "securities" or fall out of that definition under the Howey Test. We could be looking at a future Supreme Court case developing if there is a true split among the circuit Court very very soon.
Today, Consensys filed litigation against the U.S. Securities and Exchange Commission to preserve access to ether in the U.S., and by extension, the Ethereum blockchain and permissionless innovation. While we don’t take this step lightly, we feel compelled to speak up on behalf of the Ethereum community and the future of our industry. From the very beginning, our mission at Consensys has been to empower people and communities through access to blockchain technologies. Today we are proud to take bold action to protect that freedom.
Ethereum is for everyone.
https://lnkd.in/e-HDGQVi
Today, Consensys filed litigation against the U.S. Securities and Exchange Commission to preserve access to ether in the U.S., and by extension, the Ethereum blockchain and permissionless innovation. While we don’t take this step lightly, we feel compelled to speak up on behalf of the Ethereum community and the future of our industry. From the very beginning, our mission at Consensys has been to empower people and communities through access to blockchain technologies. Today we are proud to take bold action to protect that freedom.
Ethereum is for everyone.
https://lnkd.in/e-HDGQVi
Founder TitleChain | SwiftBRIDGE™ | MINERA USA | USAT Crypto-Gold Index | Inventor Digital Asset Patented Transfer Protocol | Top 100 Women of the Future | Entrepreneur | HODLER |(M5) Edge Economist | Proud Mum 💕
🇭🇰 As Hong Kong prepares to welcome its first Bitcoin and ETH ETFs on April 30th, the U.S. presents a stark contrast. Despite previously approving Bitcoin spot ETFs, the SEC’s ongoing hesitation to approve Ethereum ETFs highlights its uncertain regulatory approach—suggesting either indecision or intentional stalling.
😩"Interestingly, in the U.S., Consensys, a key driver behind Ethereum's decentralized community, is now suing the SEC to protect the Ethereum ecosystem.
🤔 This situation is quite ironic: the very country that nurtured the roots of decentralization, reflecting its foundational principles, now seems intent on shutting it down.
This legal battle is crucial not just for Ethereum but for the entire decentralized web, including "MetaMask" a crypto wallet that many of us rely on daily. As a member of the global DeFi community, I recognize the importance of supporting initiatives that safeguard our freedom to innovate and develop without undue regulatory burdens.
Thank you, Joseph Lubin, for leading this charge. Your efforts underscore the critical importance of our fight for a free and open digital future.
If you’re a MetaMask user or active in the DeFi or Web3 space, your support is vital. #ETH#DeFi#Crypto
Stay updated and support the cause here: https://lnkd.in/guPYRneu
Today, Consensys filed litigation against the U.S. Securities and Exchange Commission to preserve access to ether in the U.S., and by extension, the Ethereum blockchain and permissionless innovation. While we don’t take this step lightly, we feel compelled to speak up on behalf of the Ethereum community and the future of our industry. From the very beginning, our mission at Consensys has been to empower people and communities through access to blockchain technologies. Today we are proud to take bold action to protect that freedom.
Ethereum is for everyone.
https://lnkd.in/e-HDGQVi
Consensys was my first job out of college and the first opportunity I had to step into the world of decentralized systems/blockchain (now referred to as "Web3"). If you care about this industry, you should be paying attention to the SEC's actions.
If you'd like to read the full suit, it's quite easy to digest and a great primer on the "security vs commodity" classification which has plagued the industry for years: https://lnkd.in/ebkkvEtV
Today, Consensys filed litigation against the U.S. Securities and Exchange Commission to preserve access to ether in the U.S., and by extension, the Ethereum blockchain and permissionless innovation. While we don’t take this step lightly, we feel compelled to speak up on behalf of the Ethereum community and the future of our industry. From the very beginning, our mission at Consensys has been to empower people and communities through access to blockchain technologies. Today we are proud to take bold action to protect that freedom.
Ethereum is for everyone.
https://lnkd.in/e-HDGQVi
Innovation is fundamentally permissionless and decentralization, in that context, is foundational.
Access to programmable decentralized computing frameworks is fundamental to any society that truly believes in pursuit of liberty and freedom - 🇺🇸
Open source is the quintessential example for such decentralization, so why not a programmable Ethereum network?
We have seen the perils of big tech and centralization. High time!
#ethereum#blockchain#smartcontracts#decentralizationConsensys
Way to go Joseph Lubin 👍
Today, Consensys filed litigation against the U.S. Securities and Exchange Commission to preserve access to ether in the U.S., and by extension, the Ethereum blockchain and permissionless innovation. While we don’t take this step lightly, we feel compelled to speak up on behalf of the Ethereum community and the future of our industry. From the very beginning, our mission at Consensys has been to empower people and communities through access to blockchain technologies. Today we are proud to take bold action to protect that freedom.
Ethereum is for everyone.
https://lnkd.in/e-HDGQVi
Long time since I last wrote about #SEC but now an important actor has counterattacked: Consensys is suing SEC for their behaviour regarding Blockchain services regulation.
https://lnkd.in/d52y7kMj#Blockchain#DeFi#Ethereum
🚀 Big news from Consensys! 🚀
Today, we're taking a monumental step in defending the U.S. Ethereum community by filing a lawsuit against the SEC. Their attempt to regulate Ethereum as a security threatens to stifle innovation and the future of blockchain technology in the U.S.
I'm incredibly proud to be part of the most important company in the industry, standing up for what's right. Ethereum is not just a digital asset—it's a revolutionary platform for permissionless innovation, empowering people globally.
Read more about this crucial move here: https://lnkd.in/gkFSz4qG#Blockchain#Ethereum#Innovation#Consensys#SEC#CryptoCommunity#DefendEthereum
Understanding Ethereum's Dencun Upgrade 📈
Dive into our latest educational piece on Ethereum's "Dencun" upgrade, a strategic amalgamation of the Deneb and Cancun updates. This pivotal enhancement focuses on increasing scalability by allowing layer-2 networks to manage data off-chain temporarily.
Introduced in EIP-4844, an innovative solution called proto-danksharding uses data blobs to change the way transaction data is managed. Proto-danksharding essentially acts as a storage locker for bulky data, alleviating network congestion and lowering costs for users
Executed at epoch 269,568, the Dencun upgrade marks a substantial progression in Ethereum’s ability to efficiently handle rising demands. It follows the Shanghai upgrade, continuing to refine both the consensus and execution layers of the blockchain
🔗 Read the full article on Paragraph to explore how this upgrade streamlines Ethereum's network, laying the groundwork for future enhancements, including the full implementation of danksharding:
https://lnkd.in/dWeunPFr
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#ethereum#eth#crypto
Uniswap, a leading Ethereum decentralized exchange, is set to launch its own layer-2 network called Unichain, built on Optimism tech. This move aims to improve transaction speeds, reduce costs, and enhance liquidity across various chains. Unichain will utilize the Optimism Superchain to create a network of interoperable networks, addressing liquidity fragmentation and aiming to improve transaction times and lower gas fees compared to the Ethereum mainnet. Developed in collaboration with Uniswap Foundation, Optimism, and Flashbots, Unichain also introduces the trusted execution environment and a community validation network to increase trust and transparency in the blockchain.
Filecoin vs. Ethereum: Latest State Representation
Ethereum's approach to blockchain state is pretty straightforward: the latest block determines the network's current state. Essentially, whatever state root the most recent block points to becomes the accepted state of the network.
Filecoin has a different approach. It uses Tipsets, which are groups of valid blocks produced during each epoch. This means the collective state of these blocks, rather than just one, represents the current network's state. This has a few distinct benefits:
• Increases network throughput.
• Enhances overall efficiency of the network.
• All the valid block producers are rewarded instead of just one.
Fun Fact: All blocks in a Filecoin Tipset are at the same height and points to the same parent block.
I'm intrigued by Filecoin's unique approach and looking forward to deep dive into more details of various blockchain functions.