Tag Archives: Intentions

Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners

It had been reported that Ethereum has to make the transition to a proof-of-stake system and was to invest $15 million in the development of Verifiable Delay Functions (VDFs) which would aid this transition. However, Justin Drake, a member of the research team for Ethereum, has clarified that these rumors are false. While Ethereum will be switching to a PoS system, they have no intentions to spend $15 million. Continue reading Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners