- Buterin holds 350,000 ETH alongside other holdings in Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), and Zcash (ZEC).
- Ethereum 2.0 will feature the Proof of Stake (PoS) consensus algorithm.
The renowned founder of Ethereum (ETH), Vitalik Buterin has revealed his cryptocurrency holdings, corporate investments as well as other potential conflicts of interest in order to champion for transparency.
The founding figure disclosed his assets during a Reddit thread dubbed “AMA or otherwise referred to as ask me anything.” According to the thread, Buterin holds 350,000 ETH equal to $50 million at the current market value of Ether. On October 10, 2018, the developer wrote on Twitter:
“I also have some other addresses, but they’re quite small relatively speaking.”
This means that Buterin’s Ether holdings could be more than the figure stated above in addition to other holdings in various digital assets including Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), and Zcash (ZEC). However, all the additional holdings are only 10% of the entire ETH holdings. Moreover, Buterin has shares in a couple of corporations; Clearmatics and StarkWare.
In other Ethereum related news, the network is anticipating the execution of its Constantinople upgrade. The upgrade is scheduled to take place before the end of February. It will be a stepping stone for the much-awaited Ethereum 2.0 upgrade. Ethereum 2.0 will feature the Proof of Stake (PoS) consensus algorithm and increase the network’s transaction capacity among other essential features.
More on Vitalik Buterin’s Holdings:
Ethereum overview: Vitalik reveals his crypto holdings
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