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The first two weeks of Ethereum's initial token sale raised over 25,000 BTC from selling more than 50 million ETH, making it the largest cryptographic token sale to date. With additional endowments, ETH now ranks as the 8th highest token by total value.
Ethereum's founder announces the official launch of the ether sale, thanking the community and team members who left their jobs to work on the project. This marks a significant milestone in Ethereum's development as the long-awaited token sale finally begins.
Ethereum announces plans to release a series of blog posts detailing development plans and organizational structure during the lead-up to their ether pre-sale. The ether sale module will be hosted on ethereum.org as part of their preparation for the token distribution.
GHASH.io mining pool has controlled over 40% of Bitcoin's network hashpower for a month, briefly exceeding 50% two weeks ago. This concentration raises significant concerns about mining centralization and potential monopoly control over the Bitcoin network.
Ethereum's development progress is on track since inception, with core software platform development proceeding well. Developers worldwide are beginning to build small exploratory distributed applications on the platform despite it still being in early stages.
The article discusses how cryptocurrency protocols use token releases as a novel funding mechanism for development, contrasting with the increasing centralization of internet protocols over the past two decades. This represents a significant economic innovation in the crypto space for protocol monetization.
The Ethereum Project released a statement regarding their upcoming Ether pre-sale after two months of running their Proof-of-Concept testnet. The team has been engaging with the cryptocurrency community and receiving feedback that has helped refine their approach and goals for the pre-sale process.
Ethereum is introducing a major rework of its scripting language with Ethereum Script 2.0, which will substantially modify how ES works while maintaining core functionality. The update addresses multiple concerns with the current system and represents a significant technical evolution.
