Altcoin News: Buterin Proposed a New Ethereum Standard for Financial Support for Developers

March 11, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The co-founder of Ethereum, Vitalik Buterin, suggested introducing a new standard in order to attract additional funds for the needs of client developers and cryptographic cards — and charge, for example, “1 gwei/gas from transactions sent using their software”.

According to his calculations, this innovation will provide “reliable financing” of up to $2 million per year and will cover all costs associated with grants issued by the Ethereum Foundation to the developers of Ethereum 2.0.

Recall recently Buterin said that the creation of ETH was an attempt to solve the problem of the limited functionality of Bitcoin. In his opinion, Bitcoin can be compared with a calculator, which performs one function and does it well. At the same time, Ethereum is more like a smartphone, which supports a number of applications that can perform a variety of tasks, including the same calculator.

Author: Marko Vidrih