The Ethereum Network has taken the crypto space by storm. NFTs are selling for millions of dollars. The network launches NFTs daily, with demand and sales superseding other networks. The network has the most valuable NFTs. With the recent PoS upgrade, the markets will flood. Even the CEO released a book.
Vitalik Buterin released a book on the Proof-of-Stake consensus mechanism on 27 September 2022. The book summarizes various writings of the Ethereum founder over the past decade. The motivation behind the book is the accomplishment of PoS, which most people deem impossible.
- The book’s Title is Proof of Stake, The Making of Ethereum, and the Philosophy of Blockchains. It is available in both paper and digital formats. Buterin offers the ability to purchase signed digital copies as non-fungible tokens (NFTs).
- Digital and printed copies of him will not be available until the end of September. Buyers will receive NFTs that are non-transferable.
- Signed copies of NFTs are already available for purchase. Once the book is published, NFT owners will also have access to a signed digital copy.
Ethereum’s founder, Vitalik Buterin, discusses events as Ethereum was transitioning to PoS. According to the book, the project has just made a revolutionary transition from a PoW (Proof of Work) system to a PoS (Proof of Stake) working model.
Ethereum was conceived in 2013 by Vitaly Dmitriyevich “Vitalik” Buterin. Realizing that Bitcoin needs a scripting language for application development, he decided to build on the idea and developed a new platform using a more popular scripting language. Ethereum became the answer to this problem.
In late 2013 and early 2014, the network distributed an Ethereum white paper. Vitalik Buterin unveiled Ethereum to the public at the 2014 North American Bitcoin Conference in Miami. He described a universal global computer running on a decentralized, permissionless network with potential use cases ranging from insurance to decentralized exchanges to DAOs. People took to the network after.
Ethereum is improving in strength yearly. It supports a multitude of decentralized applications (Dapps). Other functions include reinventing institutions, businesses, and democracies for the Internet age.
Sales Proceed to Be Donated
Vitalik shared a link where interested fans can get the book. The book is hosted on his Gitcoin, a platform dedicated to pooling funds to support his free web development. You can access the Proof of Stake book here. You also get a free NFT with the book. Vitalik has decided to donate all proceeds from book sales to fund the internet in a move seen as showing his support for the free internet.
This is the first time a good collection of essays on a reasonably new blockchain and proof-of-stake network model is available on the internet. The author even signs the book using the ETH key. The book is also sold as an NFT.
As an NFT and cryptocurrency investor, you should read the book. It is said that so many things are hidden in a book that an individual can forget to explain in real life.