The inside story of ethereum’s price recovery


Source: afr.com afr.com

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“It was a major change, but there’s a lot of talent and trust in the ethereum team,” said Richard Galven, the co-founder and chief executive officer of DACM. “We’d been staking for several months and things were going pretty well.” Each pledge helped secure the ethereum network, which was handling tens of millions of transactions per day, and in return, those “pledgers”, would generate a kind of interest rate. But those behind the ethereum protocol – a group of developers called the Ethereum Foundation – had restricted those rewards until the underlying technical upgrades were secure enough to open the...