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Executive Director Aya Miyaguchi joined us to discuss her journey into the space, the role of the Ethereum Foundation and their plans for the future. Of course Ethereum Foundation having had an enormous impact on the blockchain space since the beginning when it conducted kind of one of the first tokens sales or of public fundraisers for a crypto project and then has done a tremendous amount in terms of building the Ethereum ecosystems so we are really excited to have Aya on today to speak a little bit about the role of the foundation and how that has changed and evolved over time.
So thanks so much for joining us. Aya Miyaguchi: Excited to be here. Brian: So curious to get started. Like how did you originally become involved in the crypto space, I saw you were a high school teacher for ten years. That seems quite a quite a change in transition. Aya: Yes. So I am originally from Japan. I was born and grew up there. And like you said I my first professional career was a high school teacher and I was teaching English to high school students there for a long time actually for over 10 years.
So my mission was to tell my students you know to at least go out there and see the world and then feel the diversity. And I also got jealous of my students who were going out there. So I just decided to quit. And then moved to the US. And since I thought I learned enough about education being a teacher I decided to get a business degree. And then when I was working on my MBA my focus was sustainable business which you know like you kind of have to think about economic and environmental and social sustainability for a business to even make a profit.
And I thought that was interesting. And also specifically I was focused on microfinance financial inclusion for that sustainable business study. Friederike Ernst: When was this Aya, which year? Aya: So this was in And that was a time that I heard about Bitcoin and originally there was no material to learn like now. Like Bitcoin seems very simple now for us. But since there was no information education it took me a while to understand what it was but then when I learned what it was I thought oh this is really the perfect opportunity or a combination with things like microfinance.
And it was just then to thinking about the efficiency it can create. But back then I thought that was my interest. And then I thought wow this is going to create a lot of impact in finance inclusions. Well I joined Kraken when the team was getting non dev people so was one of only a few founding members.
And I had an opportunity to join Kraken before its launch and that was early It was around the time that all other crypto startups started. Other groups like Coinbase all started to happen and then San Francisco is kind of a center of those companies. And Ripple was there. And I still remember my first blockchain event was Bitcoin event in in Naples. It felt big that the event seemed big back then but now looking back it was very small.
We had everyone who are now the leaders of this industry. But it was still a very geeky nerdy group. Brian: Cool. And so you worked at Kraken for a few years then how did you how did you end up at Ethereum Foundation? Aya: So I worked at Kraken for a few years. My job involved a lot of different things basically I was heavily involved in starting the ecosystem in Japan, there was no crypto industry there when I joined.
But because of what happened which was a big thing, the demagogues collapse. I was heavily involved in the regulatory situations in Japan too. And I was always having conversation with the government and bankruptcy case.
And also starting off the industry association there. And I was doing all that and so the Kraken work was really still during the early stages of the crypto industry. My original passion was into this impacts side of blockchain, so I decided to leave and focus more on this social impact side of blockchain. And then when I actually was kind of working on different things and personally advising different vacations.
And around that time I was asked to have interviews with the Ethereum Foundation people when they were looking for help. And I spoke with them and I joined the foundation. That was early last year. Friederike: So the foundation is a fairly centralized organ that kind of steers a space that is very decentralized. So how would you describe the role of the Ethereum Foundation and Ethereum today.
Because when I joined I think I flew to Berlin to meet some developers there and there were a bunch of other people who were all spread out to the different places in the world. So it is really hard to draw the line. Who is working on one project. And that alone shows how decentralized the whole thing. And meaning it can be about education and can be about development and research. Our people are coordinating, especially our operations team.
We have an operations team. We have grant program team. They work with people in the ecosystem to actually work on the project. Friederike: That sounds very difficult in terms of governance, can you talk a little bit about the governance structure for the foundation so how does the Ethereum Foundation actually take decisions and who has what role in that?
So the governance is definitely difficult. Now people want to, somehow the governance has become like a super hot topic but governance exists in any organization in any structure. Meaning we try to let each team or its members to make their own decisions. And our job is to support their decision and they coordinate their decision with other decisions.
So the decision making is never top down. Brian: So just to get a little bit more specific. So you mentioned kind of coordinating in different parts but are there some kind of principles or core processes that you use to say OK this is the way Ethereum Foundation goes about it so that we get good outcomes, maybe the different interests are protected.
Aya: Yeah. But again there is a team and then we let them make decisions over their roadmap and then they suggest the budget. This is the roadmap we want to execute this year and this is how much we need. They can make their own decisions for their own team. So we coordinate that effort.
They suggest their ideas and then we coordinate their decisions. Is that you or who is that? What I mean is our focus would be like you said, when we have limited budget. How we make decisions is like what are the most important in the ecosystem now. And so we are looking that number that I just mentioned that Ethereum are going to spend about 30 million to support Ethereum this year. That last decision is decided by our operations team including myself but then how we spend those money or depending on the types of decisions we have multiple people to make decisions.
Again I need other people. Maybe there are small companies who only CEO make decisions but we have experts and we all like to discuss different things. Brian: So of course Ethereum has its founder Vitalik, who has a very high profile and is extremely well known in Ethereum community.
Friederike: In effect someone actually has not only to control the budget but also the strategic direction of the foundation right. So you said that you have experts that you listen to but it sounded like the team that finally calls the shots is the operations team.
So is that correct and if so what kind of experts do you consult and basically are these known within the ecosystem as advisors to the foundation. Anyone can provide data storage and computing power for Catalyst and contribute to its future development, receiving rewards in the process. Self-running system People and entities that run projects on the Catalyst system will provide those rewards with pay-as-you-go contributions.
In this way the DLT system will run itself without the need for gatekeepers or intermediaries. Foundations still represent a central authority of sorts, governed by statutes that set out their purpose and goals. The problems at Tezos and Cardano show that such entities can still be disrupted by disputes, but blockchain firms still appear to believe in the model. British-based Atlas CityExternal link will continue to run as a separate commercial venture, designing business applications to run on Catalyst, issuing licenses for companies that use these products and offering support services.
But it does not mind competitors doing the same. To be clear, Atlas and many other developers of blockchain operating systems want to make money from their endeavours. But opening the underlying platform up to the public is a departure from the winner-takes-all drive to market dominance. In return, Atlas hands over the responsibility and cost of maintaining and upgrading the platform to the foundation and entire community of users.
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Aya Miyaguchi The Ethereum Foundation has played a crucial role in the evolution of the blockchain ecosystem.
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| Bet on floyd mayweather | And like you said I my first professional career was a high school teacher and I was teaching English to high school students there for a long time actually for over 10 years. Aya: Yeah. It may not just be about extrapolation either: Zug Crypto Valley remains the global hub for ICOs currently, but if the bandwagon keeps on rolling then other countries are likely to want to get on board too. Well thanks so much Swiss foundation it was a pleasure having swiss foundation ethereum on and learning about Ethereum Foundation. Setting up A Foundation in Switzerland In Switzerland, setting up a foundation ethereum one or several founders' assets to be dedicated for a special purpose. Self-running system People and entities that run projects on the Catalyst system will provide those rewards with pay-as-you-go contributions. |
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| Are online sportsbooks legal | However, in reality one particular beholder tends to occupy an exalted position when swiss foundation ethereum comes to determining these things: namely, the taxman. This still leaves open the related question of whether those donations are to be seen as charitable or not. But also we see a lot of the applications are making huge foundation ethereum swiss already. Friederike: So what are your hopes for Ethereum by the end of the year and maybe for the next five years? On 30 July"Frontier" marked the official launch of the Ethereum platform, and Ethereum created its "genesis block". |
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The EF is one part of a much larger ecosystem. Ethereum Foundation Initiatives Ecosystem Support Program The Ecosystem Support Program exists to provide both financial and non-financial support to projects and entities within the greater Ethereum community, in order to accelerate the growth of the ecosystem. The Ecosystem Support Program is an expansion of the original Ethereum Grants Program which mainly focused on financial support.
Learn more about the Ecosystem Support Program, past grant recipients, and the grant application process at esp. Devcon Since , the Ethereum Foundation has organized Devcon, the annual conference for all Ethereum developers, researchers, thinkers, and makers. You can access video content of conference presentations for every year since its inception at archive. After the hard fork, Ethereum subsequently forked twice in the fourth quarter of to deal with other attacks.
Continued development and milestones —present In March , various blockchain startups, research groups, and Fortune companies announced the creation of the Enterprise Ethereum Alliance EEA with 30 founding members. The first was "Berlin", implemented on 14 April The mechanism causes a portion of the ether paid in transaction fees for each block to be destroyed rather than given to the miner, reducing the inflation rate of ether and potentially resulting in periods of deflation.
Following the realisation that the Beacon Chain would be delivered much earlier than the later phases of the Eth2 roadmap, proposals were made for an "early Merge", expediting the delivery of proof-of-stake to Ethereum. Similarly, the Eth2 blockchain was renamed to the consensus layer, and its associated Eth2 clients were reclassified as consensus clients.
Design This section needs to be updated. Please help update this article to reflect recent events or newly available information. September Ethereum is a permissionless, [b] non-hierarchical network of computers nodes that build and come to a consensus on an ever-growing series of "blocks", or batches of transactions, known as the blockchain. Each block contains an identifier of the chain that must precede it if the block is to be considered valid. Whenever a node adds a block to its chain, it executes the transactions in the block in the order they are listed, each of which may alter the ETH balances and other storage values of Ethereum accounts.
These balances and values, collectively known as the "state", are maintained on the node separately from the blockchain , in a Merkle tree. Each node communicates with a relatively small subset of the network—its "peers". Whenever a node wishes to include a new transaction in the blockchain, it sends a copy of the transaction to each of its peers, who then send a copy to each of their peers, and so on.
In this way, it propagates throughout the network. Certain nodes, called miners, maintain a list of all of these new transactions and use them to create new blocks, which they then send to the rest of the network. Whenever a node receives a block, it checks the validity of the block and of all of the transactions therein and, if it finds the block to be valid, adds it to its blockchain and executes all of those transactions. Since block creation and broadcasting are permissionless, a node may receive multiple blocks competing to be the successor to a particular block.
The node keeps track of all of the valid chains that result from this and regularly drops the shortest one: According to the Ethereum protocol, the longest chain at any given time is to be considered the canonical one. Ether Ether ETH is the cryptocurrency generated in accordance with the Ethereum protocol as a reward to miners in a proof-of-work system for adding blocks to the blockchain.
This is known as the block reward. Additionally, ether is the only currency accepted by the protocol as payment for a transaction fee, which also goes to the miner. The block reward together with the transaction fees provide the incentive to miners to keep the blockchain growing i.
Therefore, ETH is fundamental to the operation of the network. Ether may be "sent" from one account to another via a transaction, which simply entails subtracting the amount to be sent from the sender's balance and adding the same amount to the recipient's balance. Both types have an ETH balance, may send ETH to any account, may call any public function of a contract or create a new contract, and are identified on the blockchain and in the state by an account address.
For a transaction to be valid, it must be signed using the sending account's private key, the character hexadecimal string from which the account's address is derived. Importantly, this algorithm allows one to derive the signer's address from the signature without knowing the private key. Contracts are the only type of account that has associated code a set of functions and variable declarations and contract storage the values of the variables at any given time.
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