Ethereum Developer Left The Project

Ethereum Developer Left The Project

One of the leading developers of Ethereum, Yoichi Hirai, announced that the code editors are leaving the team, expressing concerns that the proposal to improve the protocol (EIP) for a standardized format for the return of lost funds could potentially violate Japanese law. CoinDesk writes this.

This is EIP 867 , which describes a method that helps speed up the process of lost funds on the platform. More detailed reasons for his decision Yoichi Hirai led to GitHub.

Our top trading bots

Some EIP editors do not seem to be asking themselves about the legal consequences of this proposal. But I warned them, and more I can not do anything. I'm leaving my position.

In particular, Yoichi Hirai noted that the proposal could violate Japan's law on the unauthorized creation of electromagnetic records.

I have concerns that if the proposal is applied in practice, it will be a crime.

Also, the developer noted that he does not think that anyone has the right to make such changes because Ethereum users usually do not know and can not authorize the process. According to him, in an undemocratic manner, the elected EIP editors should not make changes to the rules that affect the entire community.

Last week, Yoichi Hirai blocked the offer, saying that it violated the "philosophy of Ethereum". And although later he changed this point of view, nevertheless, from fears that EIP 867 may violate the laws, he did not refuse.

The proposal EIP 867 is headed by Dan Filfer of the project Musiconomi, which as a result of freezing funds in the purse Parity last year lost 16,475 ETH.

Before his departure from the team of editors, Yoichi Hirai was one of six developers with the right to make changes to the software platform. According to GitHub , in this role he was very active, making 5,219 additions - more than all the other editors combined.

Earlier, an appeal to start a broader discussion about what steps, if it is required, should be taken at the level of software to return user funds after more frequent hacking projects and other incidents with coins was made by the developer Ethereum Vlad Zamfir.

Information Source: Coindesk

XRP Climbs 47% As Investors Gain Confidence
Investing.com - XRP was trading at $0.91564 by 20:04 (00:04 GMT) on the Investing.com Index on Tuesday, up 47.23% on the day. It was the largest one-day...
NFTs 'ten times better' than traditional art, says Beeple's $69M NFT buyer
Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan.The pseudonymous art patron, who...
Total crypto market capitalization posts new all-time high above $1.9T
Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just unde $2 trillion.The market...
Flamingo (FLM) TVL rises as Ethereum gas solutions remain elusive
Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has...
Waves Enterprise expands to Singapore to pursue hybrid blockchain adoption
Waves Enterprise has onboarded Tokenomika Pte Ltd., a Singapore-based fintech company, as an operator for its hybrid public-private blockchain. Tokenomika...
Robinhood Crypto and Libertyx Get Licenses From New York State Regulator
According to reports, The New York State Department of Financial Services has issued licenses to crypto-players Robinhood Crypto and Libertyx. Whereas the...
Morgan Stanley Report Implies Bitcoin’s New Institutional Asset Class
A novel report from Morgan Stanley, the American multinational investment bank, states that bitcoin attracts more and more institutional investors. At the...
Jack Ma and Steve Wozniak Have Different Views On BTC But Agree on Blockchain
Lots of the financial world’s guru claim that the price of bitcoin is highly dependent on what people think it is worth. And, as it is known, people’s...
Robinhood Officially Launched Token Sale
Robinhood officially launched the trade in cryptocurrencies through its mobile application in five US states. If the success of the undertaking meets the...
Whitepaper Of The Telegram Project Is Available
Telegram is developing what they say will be the most widely used wallet on Earth.The English-language document entitled "Telegram Open Network" was posted...
Venezuela Emits $6 Billion Worth National “Bitcoins” Amid Backlash
Venezuela is taking on a leading position among the countries, which look forward to adopting cryptocurrencies on the greater level, creating national...
Qlink ICO - Quite an Ambitious Project
Sick of ICOs, that seemed to be scams? Ok, guys, we got something for you. Meet the Qlink - the world’s first decentralized mobile network.The Qlink ICO...
Russia Gathered World’s Miners Before Legalizing Bitcoin
Against the background that on December 28 Russian legislators were supposed to present the draft bill on cryptocurrency, there was held the All-Russian...
Bitcoin Strikes the World’s Biggest Exchange – Here’s What it Means
It has been over two weeks since Cboe Global Markets Inc. and CME Group Inc. received a green light from the U.S. Commodity Futures Trading Commission...
Ledger Blue – a Hardware Wallet for the Smart Contract Era
Ledger is a French company known for the set of hardware wallets with Bitcoin. Now it has launched a new extension of the product line - Blue Ledger. ...